Femi Otedola Becomes Chancellor, Gifts 750 Students N1M Each

Category: Nigeria News

Femi Otedola, Nigerian billionaire and Chairman of the electricity producer Geregu Power, was on Thursday inaugurated as the Chancellor of Augustine University.

The inauguration took place at an auditorium in the school which is located in Ilara, a town in Epe local government area of Lagos State Southwestern Nigeria.

Speaking on his new achievement, Otedola expressed gratitude to God.

The Nigerian billionaire also donated N1m to each of the 750 students of the university.

The total sum of the scholarship donation amounts to N750 million (Seven Hundred and Fifty Million Naira).

Otedola specified that the scholarship would benefit both returning and new first-year students.

The university has approximately 500 returning students and an estimated 250 new first-year students, making the scholarship donation applicable to around 750 students in total.

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