Billionaire businessman Deji Adeleke, father of music star Davido, has donated N500 million to the Osun State Security Trust Fund.
The donation was unveiled on Thursday during the official launch of the fund by Governor Ademola Adeleke in Osogbo.
According to a statement released by the governor’s spokesperson, Olawale Rasheed, the state government also committed N300 million as initial funding 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.
Speaking at the event, the governor emphasised that the fund is aimed at boosting security infrastructure across the state, noting that it is a people-focused initiative rather than a political one.
“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,” he said.
He further explained that the fund would ensure consistent financing for modern security systems and tools.
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“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, noted that the launch followed the activation of the fund’s enabling law passed in 2012.
Also speaking, the Secretary of the Security Trust Fund, Femi Oyedipe, said the initiative is designed to tackle security challenges by providing necessary equipment for security agencies, while urging stakeholders to support the effort.