Business mogul, Femi Otedola, has explained that he donated N5 billion to a charity in Abuja because he believed that nobody came into the world with anything and it is certain that nobody with go with anything.
The Herald gathered that the billionaire, earlier this month, gave out N5 billion to the Save The Children charity in support of its intervention in the Northeast. The donation through his daughter at the ball organised by the Cuppy Foundation.
Save The Children is the 100-year-old United Kingdom-based charity. It is the biggest children-focused organisation in the world after UNICEF.
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Otedola said: “A lot of people think when they die, they take their money with them, we’ll see,” said the Executive Chairman of Geregu Power Plc. In my journey of life, I have taken the risk, I’ve done the chase, I’ve enjoy the thrill and I have achieved success and recognition. What next? You give it back.”
Meanwhile, The Herald gathered that the trial of a former member of House of Representatives, Farouk Lawan, pending before the FCT High Court was stalled on Tuesday due to the ill health of the prosecution witness, Femi Otedola.
Lawan, who was the Chairman of House of Reps Adhoc Committee on Petroleum Subsidy Regime, is being prosecuted by the Independent Corrupt Practices and Other Related Offences Commission (ICPC), on behalf of the Federal Government.
On resumption of the case on Tuesday, the Prosecution Counsel, Chief Adegboyega Awomolo (SAN), informed the court that Otedola, who was giving evidence for the prosecution, was not in court because he was sick. Awomolo then tendered a medical report notifying the court of the sickness of the Zenon Oil and Gas boss.