Home Lifestyle Health COVID-19: Adenuga has redeemed N1bn pledge, says Dele Momodu

COVID-19: Adenuga has redeemed N1bn pledge, says Dele Momodu


Media mogul, Dele Momodu, says Globacom founder, Mike Adenuga, has redeemed his pledge to donate N1bn to the COVID-19 fund.

Momodu said this on social media barely hours after oil magnate, Femi Otedola, urged Adenuga to redeem his pledge.

The Central Bank of Nigeria had in a statement last Friday listed Adenuga as well as cement company, Lafarge; and telecommunications firm, MTN, of not redeeming their pledges.

In a post on Instagram, however, Momodu attached a letter addressed to Adenuga by Sterling Bank confirming the payment of N1bn.

The letter titled, ‘Confirmation of transfer to CBN account 1000014920 COVID-19 Relief Fund Account’, read in part, “As you are well aware, we made bank drafts for the total sum of N1, 000, 000, 000 (one billion naira only) on March 30, 2020 in favour of COVID-19 Relief Fund Account.

“We are pleased to confirm that we have wired the full value of the drafts N1, 000, 000, 000(one billion naira) to the beneficiary – CBN account 1000014920 COVID-19 Relief Fund Account as per your instruction in spite of the limited banking services occasioned by the pandemic.”

Momodu said Adenuga had also donated N500m to the Lagos State Government which was handed personally to Governor Babajide Sanwo-Olu by the Executive Vice Chairman of Globacom, Mrs. Bella Disu.

“Africa’s most silent billionaire, Dr. Michael Adeniyi Agbolade Isola Adenuga has fully redeemed his pledge of N1bn to the CBN/Nigerian private sector coalition against COVID-19,” the veteran journalist said.

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