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Femi Otedola, the chairman of Geregu Power Plc and director of FBN holdings Plc, was inaugurated as the chancellor of Augustine University, on Thursday.
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.
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” 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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