Otedola gifts N750m to 750 Augustine University students

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The Nation Newspaper Otedola gifts N750m to 750 Augustine University students

L-R: Vice Chancellor, Augustine University, Prof. Christopher Odetunde; newly-installed Chancellor, Augustine University, Mr. Femi Otedola; Most Rev. Archbishop and Metropolitan of the See of Lagos, Visitor to the University and Proprietor, Dr. Alfred Adewale Martins, and Chairman Board of Trustees, Sir. Steve Omojafor, at the 5th Convocation Ceremony and Investiture of Otedola as Chancellor of the University in Epe , Lagos on Thursday.

Otedola has been a major financial supporter of the university. He donated the Engineering Faculty Complex to the school, an edifice comprising four blocks, constructed at an estimated cost of N2 billion. Otedola said, “As stated in my citation, I strongly believe in transforming establishments that I am associated with. Therefore, to commemorate my appointment as the Chancellor of the university today and in recognition of the harsh economic situation in our country, I hereby announce a scholarship donation to each returning student of the university and each new first-year student of our university, the amount of one million naira each towards the 2023/2024 session school fees of each student.

Otedola announced that the design of engineering number two within the complex had been completed, adding that the contract for its construction would soon be awarded, with a completion date of December 2024. Otedola said, “I am filled with a profound sense of gratitude and humility and it is with immense honour that I accept this appointment.”Noting that his predecessor, Rev. Monsignor John Aniagwu, had passed on a huge task to him, the entrepreneur assured that he was acutely aware of the weight of the responsibility and the expectations that come with it. He assured of his commitment to upholding and advancing the values and visions that Augustine University represent.

 

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