#LifeInUnilag: UNILAG INHERITS A HUGE AMOUNT OF FUNDS


This years Convocation Ceremonies have brought a lot of news to the lime light. This piece of news however is particularly amazing for the administration of the University of Lagos.
The Vice Chancellor of UNILAG, Prof Rahamon Bello has said two

endowments worth N36 million each have been bequeathed to the university by the late Mrs. Abimbola Aina Omololu-Mulele in her will and testament.

He announced this yesterday in his convocation address on the second day of the University’s three-day convocation and award ceremony for the 2014/2015 session.

He said: “The two endowments, totalling N72 million, are in form of annual lectures named: Abimbola Aina Omololu-Mulele Annual Lecture in Obstetrics and Gynaecology and Ladipo Mobolaji Abisogun-Afodu Annual Lecture in Pharmacy.”

Prof Bello added that the institution had partnered with an automobile company, R.T. Briscoe, to build a world standard automobile workshop to provide training for mechanical engineering students.

There is also another partnership with LG Air Conditioning World Wide to train engineering students in the newly established LG air-conditioning Academy of the university.

Prof Bello also said that “ N50 million was donated by the Lagos State government to the university’s endowment fund to institute the Lagos State Professorial Chair in Tax and Fiscal matters”.

“Similarly, an endowment of N52,904,000 was formally presented by the Managing Director/Chief Executive Officer, UBA Group, Mr Phillips Oduoza, to the university towards the resuscitation of the UBA Professorial Chair of Finance.”

Now the question on everyone’s lips is simple: How well will the new administration manage these funds for the betterment of UNILAG?

Posted By Jesuisnaga

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