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In a landmark move toward community development, Nigerian billionaire Theophilus Danjuma, who ranks as one of the most affluent investors on the Nigerian Exchange, has made a $1.36-million donation to the College of Medicine, University of Ibadan (CoMUI) — setting a new record for philanthropy in the university.
The move by the 84-year-old businessman, politician, and retired army general is in response to a request from the CoMUI — the $1.36-million donation will be allocated to the construction of Block D within the student’s hostel.
Representing Danjuma at the sod-turning ceremony for the hostel’s construction was his wife, Daisy Danjuma. The $1.36-million donation, through the T.Y. Danjuma Foundation, is the largest donation by an individual for the construction of a student hostel in the university.
What they are saying about the $1.36-million donation by Theophilus Danjuma
At the sod-turning ceremony for the hostel’s construction, Professor Olayinka Omigbodun, the provost of CoMUI, talked about the importance of this new hostel in the reaccreditation process mandated by the Medical and Dental Council of Nigeria.
In a joint statement, President of ICOMAA Worldwide, Professor Emmanuel Otolorin, a platinum donor, and Dr. Modupe Sokunbi commended Danjuma on his recent efforts. They also expressed gratitude for Danjuma’s illustrious philanthropic contributions in recent years and his ongoing support for the current project in the college.
Theophilus Danjuma: Oil mogul and philanthropist, fostering education and community welfare
Danjuma, the founder of South Atlantic Petroleum, a leading oil exploration company, has consistently engaged in philanthropic endeavors. Beyond his interest broad business interests, he is renowned for his commitment to community development.
In April, Danjuma, the majority shareholder of publicly listed Industrial and Medical Gases Nigeria Plc, donated a 500-capacity female hostel to the University of Benin. The female hostel is a testament to his dedication to education and community welfare.
Godwin Obaseki, the governor of Edo State, spoke highly of Danjuma’s philanthropic legacy during the inauguration ceremony of the female hostel on April 29. Obaseki mentioned his previous contributions, which amounted to millions of naira during the COVID-19 pandemic outbreak three years ago.
