In a grand celebration of academic achievement, Augustine University held its 5th Convocation Ceremony on Thursday, October 26, 2023, marking a momentous day in the lives of 56 graduates and 35 students from the affiliated St. Gregory School of Pastoral Music.

One of the most astonishing highlights of the event was the outstanding performance of the graduates, with a notable achievement of nine first-class honors, and what makes it even more remarkable is that all nine of these academic trailblazers are female students.

Following his inauguration as the Chancellor of Augustine University, Ilara-Epe, Lagos State, Mr Femi Otedola, on Thursday announced a total of one billion naira to support students’ fees and school renovations.

Part of the one billion naira was a one million naira scholarship for each student of the university to support in the payment of their fees for the 2023/2024 academic session.

The award will cover all the 500 returning students of the institution and the 250 new intakes for the session.

Also, the business mogul announced a donation of N140 million towards the furnishing of the completed Engineering Faculty he donated to the university, as well as a donation of N110 million for the installation of street lights on the campus.

“As stated in my citation, I strongly believe in transforming establishments that I am associated with. Therefore, to commemorate my appointment as the Chancellor of the university today and in recognition of the harsh economic situation in our country, I hereby announce a scholarship donation to each student of our university the amount of one million naira each towards the 2023/2024 session school fees of each student.

“I am told that there are 500 returning students and about 250 new first year students, making a total scholarship donation of N750 million. I hope this donation assists in ameliorating the plight of parents of our students in this difficult times. I am depending on the Governing Council and the Management of the University for the Efficient Management of these funds,” he said.

He added that the above commitments were apart from the N2 billion Lady Doja Otedola Faculty of Engineering he promised the university a few years ago.
The first phase of the project, put at over N670 million, was completed and inaugurated for use in February this year.
Otedola gave the assurance that work on the concluding phase of the project would start this December and be completed by December 2024.

Recalling efforts by the Lagos Diocese of the Catholic Church to start the university some years ago, Otedola expressed thanks to God for giving him the opportunity to be part of the dream.