Deji Adeleke, a billionaire entrepreneur and father of music star Davido, has made a N500 million donation to the Osun State Security Trust Fund, reinforcing efforts to enhance security across the state.
The donation was announced on Thursday during the official launch of the fund in Osogbo by Ademola Adeleke.
According to a statement issued by the governor’s spokesperson, Olawale Rasheed, the state government also pledged N300 million as take-off funding to support 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 launch, Governor Adeleke described the trust fund as a strategic intervention designed to strengthen the state’s security architecture and ensure sustained investment in safety measures.
“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 followed the activation of the enabling law establishing the fund, which was originally passed in 2012.
Also speaking, the Secretary of the Security Trust Fund, Femi Oyedipe, said the initiative is expected to address security challenges in the state by providing critical equipment and support for security agencies. He called on stakeholders, including private sector players, to contribute to the fund in order to sustain its objectives.
