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Otedola splashes N5 billion for North-East Intervention

..Commits life to philanthropy and helping the underprivileged

Billionaire entrepreneur and Executive Chairman of Geregu Power Plc, Femi Otedola, has donated a whopping N5 billion to Save the Children charity to support its intervention in the North-East Region of Nigeria.

This is arguably the largest individual donation to charity in Nigeria’s history.
Otedola made the donation on Sunday evening (November 10, 2019) at the ball organised by the Cuppy Foundation to raise funds for Save the Children, the 100-year United Kingdom-based charity which is the biggest children-focused organisation in the world after UNICEF.

Cuppy Foundation is the non-profit organisation founded by his daughter, Florence Ifeoluwa Otedola (aka DJ Cuppy).

Speaking at the Transcorp Hilton Hotel, Abuja, while making his presentation, Otedola said he has decided to devote the rest of his life to philanthropy because of what God has done in his life.

“God has been so kind to me in life and I feel highly privileged. The only way I can show my gratitude to him is to use my resources to support those who are underprivileged. This I intend to do for the rest of my life,” he said at the event.

“In a world full of conflicts, diseases, calamities and inequality, we all need to show the milk of human kindness, to reach out and comfort the sick and give a helping hand to the weak.”

DJ Cuppy is a Board Ambassador for Save the Children and a Member of the organisation’s Africa Advisory Board.

In her remarks, Florence Cuppy, Otedola stated it is an emotional night for to see people from all over the world to attend the inaugural gala night. “I stand before you with a big vision for our country and the less privileged. I founded the Cuppy Foundation to give to the less privileged in our society and for people living with disability. The idea for this Gala came two months ago, when I visited Maiduguri and met a sick girl that urgently needed blood transfusion. There were many unfortunate children like that. Some were even unlucky and they died. The experience was shocking for me. My heart broke . Ever since, my determination to serve the Nigerian children has been ingrained. I need help from you to help me in fulfilling my calling, not just as a DJ, but as a philanthropist, she state.

The event was designed to focus on conversations based around some of Save the Children’s initiatives such as bettering the lives of children in Nigeria who are in conflict and also tackling malnutrition. The gala featured various segments including an auction packed with unique items, a cocktail reception and finally a private dinner with special performances.

“This is just a start in driving awareness and creating change for our precious Nigerian Children. Save the Children believes children are our future – they are, and the future is now.” DJ stated in her remarks.

Otedola, a well-regarded philanthropist, and arguably the richest person in the South-west part of the country has in the past donated to good causes.

In 2005, he instituted a N200 million scholarship for Lagos state undergraduates, same year he donated N300 million for the completion of the National Ecumenical Centre in Abuja.

He, at various times, donated N100 million to the Lagos State College of Primary Education, N100 million to the Central Mosque, Ilorin (Kwara State), and N100 million to the University of Port Harcourt (Rivers State).

He has committed to building and donating a faculty of engineering valued at N2 billion to the Augustine University in his hometown, Epe (Lagos state).

Recently, he made life-saving interventions by footing the medical bills of Christian Chukwu, former captain and coach of Super Eagles; Peter Fregene, former international goalkeeper; Majek Fashek, celebrated Reggae artiste; as well as Sadiq Daba and Victor Olaotan, veteran actors.

The event was well attended, with the Vice President, Yemi Osinbajo leading the pack. APC National Chairman, Adams Oshiomhole, Alhaji Aliko Dangote,, Managing Director of Oando, Wale Tinubu, former EFCC Chairman, Nuhu Ribadu, Alhaji Babagana Kingibe, state governors, minister etc
The Cuppy Foundation aim to tackle issues surrounding young females, education for girls, and persons with disabilities (minorities). This Foundation was born out of a passion deep within her founder to give individuals who have been forgotten and relegated to the background of society a chance at building the life they desire, a chance that every individual on earth deserves.

Save the Children was established in the United Kingdom in 1919 in order to improve the lives of children through better education, health care, and economic opportunities, as well as providing emergency aid in natural disasters, war, and other conflicts. The organisation operates in over 120 countries around the World. Save the Children is working in Nigeria because one in five children in Nigeria dies before their fifth birthday. About 40% of children miss out on school and have to work to survive while nearly 2 million children have lost one or both parents to an AIDS-related disease.

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