Femi Otedola, the chairman of Geregu Power Plc and director of FBN holdings Plc, was inaugurated as the chancellor of Augustine University, on Thursday.
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The businessman made the announcement on X, formerly Twitter.
In the statement shared on the social media platform, Otedola said he gave a gift of N1 million to each of the 750 students of the university.
” Today, I was inaugurated as the Chancellor of Augustine University. I strongly believe in transforming establishments that I am associated with. 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”. He said.
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