Davido’s Father Donates ₦500m As Osun Launches Security Trust Fund

Billionaire businessman and music star Davido’s father, Dr. Deji Adeleke, has donated ₦500 million to the Osun State Security Trust Fund as part of efforts to strengthen security in the state.

The donation was made public on Thursday during the official launch of the fund in Osogbo by Governor Ademola Adeleke. According to a statement from the governor’s spokesperson, Olawale Rasheed, the state government also committed ₦300 million as initial support for the initiative.

“Billionaire philanthropist and brother of the state governor, Dr Deji Adeleke donated Five Hundred Million Naira (N500m) while several businesses contributed various amounts,” the statement read.

At the event, Governor Adeleke explained that the Security Trust Fund is aimed at improving safety infrastructure and enhancing the capacity of security agencies across the state.

He disclosed that the government would soon deploy refurbished Armoured Personnel Carriers alongside new patrol vehicles to security operatives.

He added that the initiative is not politically driven but a necessary intervention to protect residents and improve security coordination.

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It is neither a political project nor a self-serving policy. This is a necessary policy to secure our people. Only an irresponsible government will abandon the PPP arrangement that is working so well in Lagos, Kaduna, River states, among others.

Ours is a responsible leadership with people-oriented innovations, policies and programmes.
This Fund is designed to provide sustainable funding for modern security infrastructure.

Through this Fund, we will establish a modern Situation Room with real-time CCTV surveillance. We will continue the provision of operational tools required by our security agencies.

“As a trust fund regulated by law, I assure you of strict accountability, transparency and due process in the management of the trust fund,” the statement added.

The Secretary to the State Government, Teslim Igbalaye, explained that the launch became possible following the activation of the enabling law establishing the fund in 2012.

Also speaking, the Secretary of the Security Trust Fund, Femi Oyedipe, said the initiative would help tackle security challenges in the state while providing essential equipment for security operatives. He also called on stakeholders to support the programme.

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