Femi Otedola Reflects on ₦200m 2005 Scholarship Gift: ‘True Wealth Is Changing Lives’
Nigerian billionaire Femi Otedola shared throwback photos of his ₦200 million donation to the Sir Michael Otedola Scholarship in 2005. The ceremony was chaired by then Lagos State Governor Bola Ahmed Tinubu, now President. Otedola said true wealth is measured by the lives we change, not what we keep. In a TikTok video, he jokingly told his daughter he ‘sleeps for a living.’ He also served as chairman of Forte Oil and now leads FBN Holdings. In 2022, he became chancellor of Augustine University and funded a ₦2 billion engineering complex. Last year at his daughter Temi’s wedding, Otedola praised his wife for raising their family. He recently made headlines after being spotted with a mystery woman in Monaco and mentioning a new girlfriend in the Philippines during a yacht visit.
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