A statement by The Address Homes said the conferment was approved by the university senate and governing council in recognition of Onasanya’s professional excellence, which saw him rise to the top echelon of the banking industry.
In his acceptance speech, Onasanya expressed gratitude to the vice-chancellor, the governing council, the senate, staff and students of the university for finding him deserving of the exalted honour. He said, “I thank God that after seven years of my retirement as the group managing director of First Bank, I am still active and relevant to my society. We should be able to give back to society and perform our duty wherever we find ourselves so as to encourage the young ones.“Take everything you have learnt in the course of your time here as a tool to help with solving people’s problems.“The end is to create solutions for the society and people you meet throughout your life.