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Billionaire Femi Otedola gifts N5bn, as Dangote donates N100m to DJ Cuppy Foundation


Business mogul, Femi Otedola, has donated N5bn to the Cuppy Foundation, a philanthropic project of his singer daughter, Florence Otedola, popularly known as DJ Cuppy.
   

   
According to Punch news, Mr. Otedola, who was represented by another one of his daughters, Tolani, made the announcement during the ‘Gold Gala,’ an event by his daughter, at Transcorp Hilton Hotel, Abuja, on Sunday evening, to a standing ovation from guests in attendance.

Among the guests were Vice-President Yemi Osinbjao; CEO, Save the Children, UK, Kevin Watkins; Mr. Femi Otedola; entrepreneur, Hajia Bola Shagaya; Ambassador Babagana Kingibe; and Minister of Industry, Trade and Investment, Niyi Adebayo.

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They also included the Senator Gabriel Suswam, Representative of Senate President, Ahmad Lawan; Minister of State for Transport, Gbemisola Saraki; National Chairman of the All Progressives Congress, Adams Oshiomhole; billionaire businessman Aliko Dangote; and his daughter Hajia Halima Dangote.

   

    Others were Minister of Women Affairs, Dame Paulen Tallen; former Governor of Borno State, Gen Buba Marwa; Group CEO, Oando Plc, Wale Tinubu; Governor of Lagos State, Babajide Sanwo-Olu; Governor of Ogun State, Dapo Abiodun; and Governor of Borno State, Babagana Zulum.

Cuppy’s godfather, Dangote, who is the owner of the Dangote Group, also made a donation of N100m.

The businessman told guests that they should not just allow government to do everything as even government had “a lot of challenges.”

   

    The young philanthropist, who is also an ambassador of the Save the Children UK, a non-governmental organisation, said her foundation, which was launched in August 2018, was inspired by a trip to Maiduguri, Borno State.

According to Miss Otedola, she started the foundation as a way of giving back to the less fortunate.

Osinbajo, in his address, told the guests that the event must refocus their minds on caring for the poor and malnourished especially in Nigeria.

According to the Vice President, in 2015, Buhari proposed the “largest social investment programme in Africa” of about N500bn annually.

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