hundred and fifty million Naira to all the students of Augustine University in Ilara Epe, Lagos State.
The business mogul and philanthropist was officially inaugurated as the Chancellor of the institution today, Oct. 26.
Dr Alfred Adewale Martins, the Catholic Archbishop of the Metropolitan See of Lagos, was present for Otedola’s inauguration, which took place during the 5th Convocation ceremony of Augustine University.
After his inauguration, Otedola donated N1million each to 750 students of Augustine University.
Sharing photos from the ceremony, he wrote: “Today, I was officially inaugurated as the Chancellor of Augustine University. I strongly believe in transforming establishments that I am associated with.
“Therefore, to commemorate my appointment and in recognition of the harsh economic situation in our country, I gave a gift of One Million to each of the Seven Hundred and Fifty Students. I hope this donation of Seven Hundred and Fifty Million Naira assists the plight of the parents of our students in this difficult time.”
See more photos below.