The Governor of Lagos State, Mr Babajide Sanwo-Olu, on
Wednesday, received a donation of N1bn from renowned philanthropist and
entrepreneur, Mr Femi Otedola, to support the state’s security architecture
through the Lagos State Security Trust Fund.
The governor received the donation in the company of the
Chairman, LSSTF, Mr Kehinde Durosinmi-Etti; Executive Secretary/CEO of LSSTF,
Dr Abdurrazak Balogun, and other state officials and LSSTF Board of Directors,
at the Lagos House, Marina, according to a statement on Wednesday.
Otedola, the Chairman of Geregu Power Plc and son of the
Third Republic Governor of Lagos State, the late Sir Michael Otedola, was
represented at the event by his daughter, Olawunmi Otedola.
While commending the business mogul for the donation,
Sanwo-Olu said the N1bn donation, which was the largest individual donation
into the Lagos State Security Trust Fund, would go a long way in creating a
more peaceful atmosphere and conducive business environment for economic
benefits for investors and residents.
He said, “On behalf of the Fund, the board chairman, Mr
Kehinde Durosinmi-Etti; Executive Secretary/CEO, Dr Abdurrazak Balogun, and
other board members, we express our deep appreciation to Mr Femi Otedola. I
want other Nigerians to emulate him and even exceed his donation. The N1bn he
has donated is not the limit. There are no limits, let others come and do more.
“We call other well-meaning Lagosians and large corporate
businesses to support the Lagos State Security Trust Fund. The Fund is open to
other donors, and it is a call and challenge which Mr Otedola has set the pace
for us to continue to do the right thing. We, as a government, have also
committed to supporting the Fund with 300 vehicles in the first quarter of this
year and we are working to realise that,” the governor added.
Speaking on behalf of her father, Olawunmi commended
Sanwo-Olu and the Lagos State Security Trust Fund for their hard work in
keeping Lagos State safe and advised the Fund to continue in its culture of
transparency and judicious use of resources.
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