At 91, Adebutu Deepens His Legacy of Philanthropy

Sir Kessington Adebutu, the founder of Premier Lotto and called Baba Ijebu in Nigeria, has made a generous donation to the Lagos State Security Trust Fund (LSSTF) in Ikeja. The donation includes a purpose-built headquarters valued at more than N800 million, along with five patrol vehicles. At the age of 91, Governor Babajide Sanwo-Olu inaugurated the new building, solidifying Adebutu's ongoing philanthropic efforts.

The Lagos State Security Trust Fund is a private money-raising initiative supporting Lagos State's security agencies, which previously operated from rented premises. Adebutu's decision to build a permanent base for the fund highlights the importance of security in Lagos, as the city thrives on commerce. The billionaire's fortune stems from his successful foray into the gaming industry, which began in the 1960s when he established the country's lottery and pools industry.

Since then, Adebutu has diversified his wealth across various sectors, including banking, engineering, real estate, oil and gas, and agriculture. His charitable activities, managed by the Kessington Adebukunola Adebutu Foundation, focus on healthcare, education, and poverty alleviation. His recent gifts include a medical research center at the Lagos University Teaching Hospital and a N4 billion commitment for infrastructure development in Remoland, Ogun State.

Adebutu's influence extends beyond business, as he has been honored by the Ooni of Ife with the title Odole-Oodua of Ife, a title previously held by Chief Obafemi Awolowo.