Augustine University appoints Billionaire Femi Otedola as its Chancellor

Billionaire business mogul Femi Otedola has been appointed as the Chancellor of Augustine University, a Catholic University of Lagos Archdiocese.

The Chairman of Geregu Power Plc was announced as the institution’s Chancellor in a statement by the Spokesman of the University, Nicholas Obayi.

In the statement, Otedola was acknowledged as a worthy benefactor to Augustine University’s structural development project, which has aided the institution’s rapid growth.

The statement reads;

“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 continues.

“Until his appointment, 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 recognised.”

As part of his contributions to the university, the billionaire businessman donated a N2 billion complex to Augustine University’s engineering faculty.

The oil magnate noted,

“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,”