Sanwo-Olu receives Otedola’s N1b donation to Lagos Security Trust Fund

The Lagos State governor, Mr Babajide Sanwo-Olu, Wednesday, received a donation of one billion naira from renowned philanthropist and entrepreneur, Mr Femi Otedola, to support security architecture through the Lagos State Security Trust Fund (LSSTF).

Governor Sanwo-Olu received the donation from Otedola in 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, during a symbolic event at the Lagos House, Marina.

Femi 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, Tolani Otedola.

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Speaking at the event, Governor Sanwo-Olu said the N1 billion 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.

Speaking on behalf of her father, Tolani, commended Governor Sanwo-Olu and the Lagos State Security Trust Fund for their hard work in keeping Lagos State safe and advised the Fund to continue the culture of transparency and judicious use of resources.