Femi Otedola, the Nigerian billionaire and businessman, has created a buzz on social media by generously gifting 1 million naira each to 750 students of Augustine University in Ilara-Epe, Lagos State. The announcement of this donation was made during the university's fifth convocation ceremony, where Otedola was also inaugurated as the institution's chancellor.

Sharing the news on Instagram along with pictures from the ceremony, Otedola expressed his commitment to transforming the institutions he is associated with. He highlighted the challenging economic situation in the country and mentioned that he hopes the donation, totaling 750 million naira, will provide assistance to the students and their parents during these difficult times.

The act of generosity has drawn attention and commendation on social media, showcasing Otedola's commitment to making a positive impact on education and the lives of students. The convocation ceremony also featured the presence of the Catholic Archbishop of Lagos, Alfred Martins.