It was reported today that Otedola gifted the students during his inauguration as the Chancellor of the institution on Thursday.
The business mogul, disclosed this while sharing photos from the event on his Instagram page.
Otedola 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… F.Ote$.”
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