The Nigeria billionaire, Femi Otedola awarded N1 million to each of 750 Augustine University students during his inauguration as chancellor on Thursday.
Otedola posted photos from the ceremony on his Instagram page, disclosing that he awarded N1 million to each of the school’s 750 students.
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$”.
