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BUSINESS

Otedola Donates N1bn to Lagos Security Trust Fund

January 10, 2024 • 1 min read

Billionaire businessman, Femi Otedola, on Wednesday, donated N1bn to the Lagos State Security Trust Fund.

This was disclosed by the Senior Special Assistant on Media and Publicity to the Lagos State Governor, Jubril Gawat, in a post on X on Wednesday.

According to Gawat, Governor Babajide Sanwo-Olu received the donation presented by Otedola’s daughter, Teniola, at the Lagos House, Marina.

He wrote: “Governor of Lagos State, Mr #jidesanwoolu today received the cheque of N1bn donation by a patriotic citizen and an ambassador of Lagos State, Mr Femi Otedola #realFemiOtedola to the Lagos State State Security Trust Fund.

“The presentation was made by his daughter, Ms Tolani Otedola #shestolani today at the Lagos House, Marina.

“Mr Femi Otedola has been a consistent donor to the fund.”

The PUNCH reports in December that Sanwo-Olu, while unveiling a newly-built police station in the Alimosho Local Government Area, stated that the Lagos State Security Trust Fund was established to support underfunded federal security agencies operating in the state as well as the Lagos Neighbourhood Safety Corps and the Lagos Constabularies.