Otedola appointed Chancellor of Lagos Varsity, gifts 750 students N1m each (+ PHOTOS) 

On Thursday in Ilara-Epe, Lagos State, business magnate Femi Otedola assumed the role of chancellor at Augustine University.

The business mogul said that he handed N1 million to each of the school’s 750 students when he shared photos from the event on his Instagram page.

He captioned the photos,

“Today, I was officially inaugurated as the Chancellor of Augustine University. I strongly believe in transforming establishments that I am associated with.

“Therefore, to commemorate my appointment and in recognition of the harsh economic situation in our country, 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 .

The business Mogul took to his instagram page to disclose this.