The billionaire businessman presented a 2 billion structure to Augustine University as part of his contributions to the school.
By Omotayo Olutekunbi
Femi Otedola, a business magnate, has been named Chancellor of Augustine University, a Catholic university affiliated with the Lagos Archdiocese.
The appointment took effect on April 7 of this year, Nicholas Obayi, the university’s spokesperson, said, following the end of the term of the institution’s first chancellor, John Aniagwu.
“Augustine University Ilara-Epe is pleased to announce the appointment of Mr. Femi Otedola as the second chancellor of the institution. The appointment took effect on April 7, 2022,” the statement said.
It noted that Otedola’s appointment “is well deserved, having been an untiring benefactor” to Augustine University’s structural development project, which has aided the institution’s rapid growth.
The university added, “Until his appointment, Mr. Otedola has been a notable business mogul in the energy sector both in Nigeria and abroad. He is the Chairman and Chief Executive of Geregu Power Plc; his philanthropic efforts geared towards improving lives are also widely known and recognized.”
The billionaire businessman presented a 2 billion facility to Augustine University’s engineering faculty as part of his contributions to the school.
“My father was very passionate about a university being built in Epe because he was very passionate about education. Rather than spend my money on building more houses or buying a jet for myself, I decided to spend the money to support this laudable cause by the Lagos Catholic archdiocese through the Augustine University,” the oil magnate told journalists.
The private Catholic-owned university Augustine University, Ilara, also known as AUI, is situated in Ilara, a town in the Epe local government area of Lagos State, southwest Nigeria.
The university opened its doors in 2015 and is now offering at least eight courses that 200 students have registered for up to the 400-level.
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