The structure is said to be worth N2 billion. On Tuesday, Otedola attended the foundation laying ceremony of the faculty.
Present at the ceremony was Alfred Martins, the proprietor of the institution and Catholic archbishop of Lagos.
Augustine University is a private Catholic-owned tertiary institution located in Ilara, a town in Epe.
It was approved on February 25, 2015. AUI offers courses at undergraduate and post graduate levels.
Otedola is an indigene of Epe.
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Below is another picture of the businessman at the event:
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