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Otedola donates N5bn for North East intervention

Otedola donates N5bn for North East intervention

One of Nigeria’s richest men, Femi Otedola, on Sunday donated the princely sum of N5 billion ($14 million) to Save the Children, the United Kingdom-based charity, to support its intervention programme in the north-east.

The donation was made through Otedola’s daughter, Florence, aka DJ Cuppy’s Foundation.

Speaking on behalf of her father at a social event held at the Transcorp Hilton Hotel, Abuja, Tolani, another daughter of the billionaire said: “My father, Mr. Femi Otedola, has been at the forefront of supporting worthy causes.

“It is in this spirit that he will be donating the sum of N5 billion to the children of Borno, Adamawa and Katsina through the Save the Children.”

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The grant by Otedola was followed by another lump donation by Africa’s richest man, Aliko Dangote, who announced the contribution of N100 million for the North East intervention project.

He said: “It gives me great pleasure to be here supporting my brother, Femi. I believe we need more Nigerians to have big hearts to give back to the needy.

“To Cuppy, I must congratulate you for having a big heart to visit those children in Borno. She spent about four days with them. In light of this, I am making a donation of N100m.”

Responding to the donations by Otedola and Dangote, Kevin Watkins, chief executive officer of the charity, pledged that every penny from the donations would be spent in improving the lives of the children affected by insurgency in the North East.

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Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

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