Enterprise mogul and philanthropist, Mr. Femi Otedola, has donated N4 billion in direction of the completion of the School of Engineering constructing at Augustine College, Ilara-Epe, Lagos State.
Otedola, who serves because the Chancellor of Augustine College, made the announcement in the course of the establishment’s seventh Convocation Ceremony held on Thursday, October 30, 2025.
The donation types a part of his renewed dedication to the college’s infrastructural development and his long-standing assist for faith-based schooling in Nigeria.
Mission price
In his deal with, Otedola disclosed that the development of the Electrical and Electronics Engineering block had suffered delays, with prices escalating resulting from inflation and rising materials costs.
“In respect of the buildings for the School of Engineering of our College. I discover that the primary part, named after my mom, Dame Doja Otedola, has been put to good use.
“It’s true that the development of the Electrical Electronics Engineering block has suffered vital delay,” he mentioned.
“I want at this junction to re-pledge my dedication to the Proprietor of the College and the College neighborhood to construct this block whose present development price, together with furnishing, has escalated to nearly N4 billion resulting from inflation,” he added.
Otedola presents N500 million cheque
In the course of the ceremony, Otedola introduced the signing of the contract for the challenge and introduced a N500 million cheque to the contractor dealing with the development.
“I hereby announce that I’ve introduced with me a cheque of N500 million, which I hereby current to the contractor. Based mostly on the time schedule of the contract, it’s hoped that the development of the constructing will likely be accomplished by the point of our College’s 2026 convocation,” he mentioned.
He confirmed that the contract had already been signed earlier that morning, additional demonstrating his dedication to the challenge.
Extra particulars
The convocation ceremony additionally marked Augustine College’s tenth anniversary, themed “AUI @ 10: Fulfilling the Mandate of Offering Integral College Training for a Borderless World.”
Otedola described the milestone as proof of the college’s regular progress and dedication to ethical and mental excellence. He praised the establishment for offering holistic schooling that prepares college students to thrive globally whereas sustaining sturdy moral foundations.
Otedola counseled different benefactors for his or her contributions to the college’s improvement. He acknowledged Chief Bakare for his assist within the development of the School of Regulation and Senator Daisy Danjuma for her scholarship to 24 college students.
He additionally congratulated Rev. Fr. Professor Anthony Alaba Akinwale, who just lately assumed workplace because the third substantive Vice-Chancellor, and Rt. Hon. Dame Winifred Akpani, inaugurated because the 2nd Professional-Chancellor and Chairman of the Governing Council.
Otedola additional expressed gratitude to the Proprietor of the College, His Grace, Most Rev. Dr. Alfred Adewale Martins, and to the founding Visioner, His Eminence, Anthony Cardinal Olubunmi Okogie, for his or her management and dedication to the establishment’s mission.
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