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Davido Plans to Donate N250 Million to Orphanages, Appoints five-person Disbursement Committee

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Nigerian popular musician David Adeleke, popularly known as Davido, has pledged to donate N250 million to orphanages across Nigeria after raising about N200 million from friends, family and fans on his birthday.

The musician disclosed in a statement released via his verified Instagram page on Saturday.

In the statement, he said he would be donating the N200 million donated to him for his birthday and add N50 million of his own money to make it N250 million.

The statement reads “I wish to express my sincere gratitude to my friends, colleagues, fans, and the public for the generous expressions of love in recent days. In my usual playful manner, I requested a few days ago that my friends and colleagues send money in celebration of my birthday. The response and outcome exceeded my expectations, as I received about NGN 200,000,000.00 in less than two days. I truly appreciate everyone who donated hard-earned funds and I am very thankful for your generosity.

“I have always been passionate about giving back and helping people. In view of this, I am delighted to announce that all the funds received, totaling NGN 200,000,000.00, will be donated to orphanages across Nigeria as well as the Paroche foundation. In addition, I will be making a personal donation of NGN 50,000,000.00, bringing the total amount to NGN 250,000,000.00.

“To oversee the distribution of funds to beneficiaries, I have established a five-person Disbursement Committee. Members of the committee include:

1. Mrs. Titi Adebayo– chairman of the committee.

2. Professor Jonathan Nwosu– secretary to the committee.

3. Professor Yahana Joel Asabe of the Northern Nigeria Seventh Day Adventist union Conference.

4. Pastor (Dr) Oyalabu of Spring Time Development Foundation (SDF).

5. Professor Uloma Onuoha

“The committee will compile a list of orphanages across Nigeria. They will determine the number of children and their needs at each orphanage, and then divide the funds accordingly. The committee will also determine the portion of the money that will be donated to Paroche foundation. To maintain transparency, the committee will make public the names of the beneficiary orphanages and how much each will receive.

“A list of all beneficiaries and their verified account details will be submitted to Wema Bank, who will then be instructed to credit each beneficiary’s account.

“My goal is to do this fundraising every year to celebrate my birthday and give back to people in need. It is my hope that my friends, fans, colleagues in the industry, and the public will continue to support me as I drive this cause.
Once again, I express my sincere gratitude to my friends, colleagues, fans, and everyone that made this possible. God bless you all.

“— We rise by lifting others, Davido”

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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