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Nigerian billionaire, Femi Otedola, has once again demonstrated his altruism by donating the whopping sum of N5 billion to Save the Children, a nonprofit organisation. The development has surprised Nigerians, many of whom were quick to observe that this is the largest amount of money any individual has ever single-handedly donated for charity purposes in Nigeria.

How it all went down: Florence Otedola, the celebrity daughter of Femi Otedola, who is also popularly known as DJ Cuppy, organised a gala, yesterday, through her Cuppy Foundation. The purpose was to raise funding for Save the Children’s operations in Nigeria. The UK nonprofit, to which DJ Cuppy serves as an ambassador, has been playing a pivotal role in the effort to save the children in Borno, Adamawa, and other parts of North Eastern who have been affected by the activities of the terrorist group, Boko Haram.

The N5 billion donation was announced by Tolani Otedola, another popular daughter of the billionaire businessman and former Chairman of Forte Oil Plc. Following the announcement at the Congress Hall of the Transcorp Hilton, Abuja, the billionaire was appreciated by those in attendance, including Nigeria’s Vice President, Yemi Osinbajo.

“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 N5bn to the children of Borno, Adamawa and Katsina through the Save the Children.”

Many Nigerians on social media were pleasantly surprised by the donation and have not ceased showering the man with praises for the kind gesture. Others have also pointed out how he is always supporting his daughters.

[READ MORE: Femi Otedola is having a Gelato experience with his billionaire friends]

Standard chartered

Standard chartered

In the meantime, other people are still trying to understand how someone can single-handedly donate that amount of money. Abbah specifically wondered how N5 billion could just be deducted from someone’s account without such a fellow being hospitalised. Well, that’s one of the pecks of being a billionaire.


Note that Femi Otedola has always been very altruistic. Nairametrics reported that he offered to sponsor a little girl who was seen singing along to DJ Cuppy’s Gelato song in August. Parts of the lyrics to the song asks the question, “who’s your daddy?” to which the little girl screamed, “Otedola!!!” This apparently amused the man, so much that he promised to “provide her scholarship from now through university!”

Otedola demonstrates his altruism again

[READ ALSO: Billionaire Watch: Otedola fulfils $25,000 pledge to Super Eagles]

He had also previously donated so much money and given several other people scholarships, and even facilitated medical aid for popular Nigerian actors – Victor Olaotan and Sadiq Daba, both of whom were separately involved in a ghastly accident and diagnosed with prostate cancer.




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