Davido set to donate N250m funds to orphanages

Davido set to donate N250m funds to orphanages, Naira rains as Davido solicit funds from friends, fans

Nigerian hip-hop star, Davido has announced his intention to donate a sum of N250 million he raised from some friends and fans to orphanages across the country.

Davido disclosed this in a statement which he signed and released on his Instagram handle, @Davido.

While promising to do this in commemoration of his birthday, annually, he mentions a five-man committee that has been set up, to oversee the distribution of the funds across orphanages in the country.

He, however, noted that he only gathered N200 million from his friends and fans, and he will be adding N50million to the said money, to push his charity cause.

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 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 the 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.”

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