Theophilus Danjuma, one of Nigeria’s most wealthy billionaires, has donated $1.36 million to the College of Medicine, University of Ibadan (CoMUI), setting a new record for philanthropy at the university.
The 84-year-old businessman, politician, and former army general made the donation in response to a request from the CoMUI; the $1.36 million donation would go toward the development of Block D within the student’s hostel.
Daisy Danjuma represented Danjuma at the sod-turning ceremony for the hostel’s construction. The $1.36 million investment, made through the T.Y. Danjuma Foundation, is the greatest single donation to the institution for the construction of a student housing.
Professor Olayinka Omigbodun, the provost of CoMUI, spoke during the sod-turning ceremony for the hostel’s construction on the relevance of this new hostel in the reaccreditation process mandated by the Medical and Dental Council of Nigeria.
Professor Emmanuel Otolorin, a platinum contributor, and Dr. Modupe Sokunbi, President of ICOMAA Worldwide, praised Danjuma’s recent achievements in a joint statement. They also expressed gratitude for Danjuma’s illustrious philanthropic contributions in recent years, as well as his continuous support for the college’s present endeavor.
Danjuma, the founder of South Atlantic Petroleum, a renowned oil exploration company, has a long history of charitable giving. Aside from his vast commercial interests, he is well-known for his dedication to community development.
Danjuma, the largest stakeholder of the publicly traded Industrial and Medical Gases Nigeria Plc, presented a 500-capacity female hostel to the University of Benin in April. The female hostel demonstrates his commitment to education and societal welfare.
During the inaugural ceremony of the female hostel on April 29, Edo State Governor Godwin Obaseki praised Danjuma’s philanthropic legacy. Obaseki noted his past contributions, which totaled millions of naira during the three-year COVID-19 pandemic outbreak.