Nigerian business mogul and philanthropist, Femi Otedola, was formally installed as the chancellor of Augustine University in Ilara-Epe, Lagos State.

He shared photos from the inauguration ceremony on his Instagram page, revealing that he had gifted N1 million each to 750 students at the university.

This generous gesture is typical of Otedola, who is known for his philanthropic efforts and commitment to education in Nigeria.

He is a highly respected figure in the country and has been hailed for his philanthropy and dedication to improving the lives of others.