Femi Otedola Daz­zles again at Au­gus­tine Univer­sity


Last March, bil­lion­aire oil mag­nate, Femi Otedola, daz­zled at the Au­gus­tine Univer­sity’s Fundrais­ing and Founders’ Day event held at the Mu­son Cen­tre, La­gos. The Chair­man of Forte Oil, who was the Chief Launcher at the oc­ca­sion, wowed with his speech. He also pledged to do­nate a well- equipped Fac­ulty of En­gi­neer­ing build­ing to the in­sti­tu­tion, which will be worth over N500 mil­lion. As a gen­tle­man known for keep­ing to his words, he last Tues­day, ful­filled his prom­ise when he laid the foun­da­tion of the build­ing in the pres­ence of the Catholic Arch­bishop of La­gos, His Grace, Most Rev­erend Dr. Al­fred Ade­wale Martins and his mother, Lady Doja Otedola among other no­table per­son­al­i­ties. With­out a doubt, this has fur­ther con­firmed Otedola’s love for qual­ity ed­u­ca­tion. It will be re- called that his fa­ther, the late Michael Otedola, who was a for­mer gover­nor of La­gos State, handed over the first par­cel of land meant for the de­vel­op­ment of the in­sti­tu­tion to Arch­bishop Olubunmi Oko­gie some years ago. “So, it was Otedola’s utmost joy to con­tinue from where his late fa­ther stopped, “a source said. A deep pocket, he loves giv­ing back to his so­ci­ety with­out blink­ing. In­deed, phi­lan­thropy comes nat­u­rally to him. This he does ef­fort­lessly. How­ever, he loathes peo­ple singing his praise over such acts. Over the years, Otedola has been re­spon­si­ble for the ed­u­ca­tion of count­less un­der­priv­i­leged stu­dents in La­gos State through the Michael Otedola Univer­sity Schol­ar­ship Scheme, which was es­tab­lished in 1985.


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