Femi Otedola Donates N1 Billion to Lagos State Security Trust Fund

In a bid to bolster security measures and support the Lagos State Security Trust Fund (LSSTF), Femi Otedola, Executive Chairman of Geregu Power Plc., demonstrated his commitment by donating a substantial sum of N1 billion to the Fund.

The LSSTF, a collaborative effort established 17 years ago between the public and private sectors, serves to equip, train, and provide essential logistics to law enforcement agencies operating within Lagos State.

During a ceremony at the Lagos House, Marina, the donation was represented by Tolani Otedola, one of Femi Otedola’s daughters. Expressing satisfaction with the Fund’s consistent adherence to its mandate and its continued relevance in the state’s security architecture, Otedola emphasized his resolve to contribute another N1 billion to sustain the impactful work being carried out.

Having demonstrated an ongoing interest in the Fund and consistently contributed over time, Otedola’s recent donation has elevated him as the highest individual benefactor to the LSSTF.

Acknowledging the dedication of security personnel, Otedola stressed the LSSTF’s vital role in supporting their endeavors. He urged Lagos residents, particularly corporate entities and high-net-worth individuals, to reflect on the significance of contributing to the Fund, emphasizing that every donation, irrespective of size, holds the potential to effect positive change and enhance safety across Lagos.

Expressing gratitude to Governor Babajide Sanwo-Olu and the LSSTF for their unwavering commitment to ensuring the state’s safety, Otedola urged the Fund to maintain its transparent and efficient resource utilization practices.

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Governor Sanwo-Olu commended Otedola’s significant donation, recognizing its importance as an encouragement for others to follow suit. He emphasized that security concerns are a collective responsibility, highlighting the successful efforts in safeguarding the state during recent bustling socio-economic activities.

Sanwo-Olu, on behalf of the LSSTF, expressed gratitude for Otedola’s generous gesture and urged other well-meaning Lagosians and corporate bodies to emulate and surpass the magnanimity displayed. He reiterated the government’s commitment to supporting security initiatives, assuring the provision of 300 vehicles to further bolster security efforts and maintain Lagos as Nigeria’s economic hub.