Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Wealth & Lifestyle Billionaire Watch

Nigerians are freaked out as Femi Otedola donates N5 billion to charity 

Emmanuel Abara BensonbyEmmanuel Abara Benson
3 years ago
in Billionaire Watch
Otedola again explores his philanthropic prowess, Nigerians are freaked out as Femi Otedola donates N5 billion to charity , Dangote’s multi billion-dollar refinery is 75% complete, Otedola says. , COVID-19: Otedola pledges N1 billion donation for Nigeria to combat disease

Femi Otedola

Share on FacebookShare on TwitterShare on Linkedin

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.”

Tolani Otedola announced the donation of their Dad Mr @realFemiOtedola at the #CuppyGoldGala which is the sum of 5billion Naira. pic.twitter.com/iqDjOHsCqf

— Sulai Oduwole (@SulaiOdus) November 10, 2019

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]

Femi Otedola gave his daughter, Cuppy N5B for her foundation.

That's really impressive.

Who is your daddy?

— M.K.O ? || PorPorRee (@VEJ0ME) November 10, 2019

Mr Femi Otedola Just donated 5 billion naira to the less privileged few minutes ago on live TV! God will definitely bless this man!

— Zoba K Yamah (@UtdChi) November 10, 2019

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.

You mean 5Billion naira left someone's account this evening and he has not been admitted to General hospital..

Me that if Access Bank doesn't credit my 19,800 on time, my heart will start shaking ??

God of Otedola abeg.. #otedola @cuppymusic God bless you

— M Abba (@M_Abba_) November 10, 2019

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.

Related

Tags: Cuppy FoundationDJ CuppyFemi OtedolaForte Oil PlcOn the MoneySave the childrenYemi Osinbajo

Comments 1

  1. Ademola says:
    November 12, 2019 at 12:24 pm

    Great examples indeed… it’s a challenge

    Reply

Leave a Reply Cancel reply

HFM
Mega Millions
Mega Millions
Standard
Patricia





NM newsletters

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • Emefiele replies Kano State Governor, says he doesn’t understand connection between cash swap and security issue
  • 9 people including children killed as container falls on a bus at Ojuelegba, Lagos
  • Currency Swap Deadline: CPPE says 10-day extension is inadequate

Follow us on social media:

Recent News

Emefiele replies Kano State Governor, says he doesn’t understand relationship between naira redesign and security issues

Emefiele replies Kano State Governor, says he doesn’t understand connection between cash swap and security issue

January 29, 2023
9 people including children killed as container falls on a bus at Ojuelegba, Lagos

9 people including children killed as container falls on a bus at Ojuelegba, Lagos

January 29, 2023
  • Home
  • Exclusives
  • Markets
  • Industries
  • Economy
  • Business News
  • Financial Literacy
  • Lifestyle
  • Opinions

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds

© 2023 Nairametrics