After Donating N2b Engineering Faculty Complex, Otedola Named Chancellor Of Catholic Church's Augustine University

Business mogul and philanthropist, Mr. Femi Otedola has been appointed as the Chancellor of Augustine University, by the Catholic University of Lagos Archdiocese. The billionaire businessman had recently donated a N2 billion complex to the university’s engineering faculty.

According to a statement issued by the university’s spokesman, Nicholas Obayi, “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.”

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.

Speaking on the gesture, the oil magnate - who now plays big in the power sector said “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.”