Otedola has been appointed as the Chancellor of Lagos University, and he has pledged to provide 750 students with N1m each.
Nigerian Business magnate Femi Otedola has been appointed as the chancellor of Augustine University in Ilara-Epe, Lagos State.
The business mogul shared photos from the event where he gifted N1 million each to 750 students in a school.
He captioned the photos, “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… F.Ote$”.