Osun State Appoints Billionaire, Folorunso Alakija As Varsity Chancellor


The Nigerian billionaire, Mrs. Folorunso Alakija, has been appointed Chancellor of Osun State University by the State governor, Rauf Aregbesola. The governor, in a statement by his spokesperson, Semiu Okanlawon, said pursuant to the provisions of clause 5(8) of the first schedule to the Osun State University (Establishment) Law, 2006, Mr. Aregbesola is privileged to appointment Mrs. Alakija‎ as the Chancellor of the University. ‎

The appointment, which according to the statement, takes immediate effect will be for a period of five years.‎ The statement noted that statute 3(1) (a) and statute 5 of the Osun State University Law (2006) provides that the University shall have a Chancellor, who shall, in relation to the University take precedence before all other members of the University and when s/he is present, shall preside at all meetings of Convocation held for conferring degrees, diplomas, certificates and other awards.‎

See Also: Top 10 Richest People In Nigeria 2015: Their Net Worth Will Shock You

Mr. Aregbesola, on his congratulatory address to the new Chancellor, said Mrs. Alakija’s antecedent and sterling qualities as a God-fearing woman, a person of honour, integrity and successful business woman would no doubt impact positively on the running of Osun State University. The governor pointed out that the government of Osun would look forward to a great working relationship with the new Chancellor as she leads Osun State University, Osogbo, to a new height of excellence.‎

“‎I wish to inform you, that the investiture is expected to hold during the 4th Convocation ceremony of the institution, proposed to come up on Friday 10th and Saturday 11th February, 2016.‎

Recall that Mrs. Alakija is the Nigerian billionaire oil tycoon, fashion designer and philanthropist who is worth at least $3.3 billion, 61-year-old Folorunsho Alakija, was born into a wealthy, polygamous Nigerian family. In the early 80s, she travelled to England to study fashion design, returned to Nigeria shortly afterwards to start Supreme Stitches, a premium Nigerian fashion label, selling high-end Nigerian clothing. You can read more about her here.

See Also:  10 Successful Nigerians Who Are Not University Graduates