Femi Otedola, billionaire businessman, has been appointed as the chancellor of Augustine University, the Catholic university of Lagos archdiocese.
Otedola’s appointment as the second chancellor of the university took effect on April 7, 2022.
Nicholas Obayi, the institution’s spokesperson, said the appointment is well deserved owing to Otedola’s untiring philanthropic endeavours.
“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,” he said.
“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.
“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.”
The structure which was said to be worth N2 billion is located in the private Catholic-owned tertiary institution at Ilara, a town in Epe.