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Davido, Nigerian Afro-pop star, has elected to donate the N200 million he received from his recent fundraiser to orphanages across the country.
Davido disclosed the development in a statement via his Instagram page on Saturday, stating also that he would be adding N50 million personally to the donated funds, making it a total of N250 million to be given to the orphanages.
The artiste said the sum would be disbursed to cater for orphans and to support Paroche Foundation, an orgnisation established to fight drug abuse.
In the statement, the ‘OBO’ crooner appreciated those who supported the initiative, saying he planned to hold the fundraiser annually to mark his birthday, explaining that the gesture was informed by his desire to give back to the society.
Said he: “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”.
The singer also announced a five-member committee to oversee the distribution of the donated funds to beneficiaries.
They include Titi Adebayo, who is the chairman of the committee, and Jonathan Nwosu, the secretary.
Added he as members and their function: “Yahana Joel Asabe of the Northern Nigeria Seventh Day Adventist Union Conference, Pastor (Dr) Oyalabu of Spring Time Development Foundation (SDF) and 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 public will continue to support me as I drive this cause”.
Davido had earlier hinted that he might give all the earnings from the fundraiser away.
The musician had also initially told his friends that the funds were meant for the clearance of his Rolls Royce vehicle at the ports.