South West Governors Inaugurate Six-Man Board To Manage Odua Investment

The South West Governors’ Forum on Friday announced that they had appointed six persons to pilot the affairs of O’dua Investment Limited.

The governors announced the inauguration of the board in a statement issued in Akure by Mr Donald Ojogo, the Commissioner for Information and Orientation in Ondo State, on behalf of the state governor, Oluwarotimi Akeredolu, who doubles as chairman of the Forum.

South West Governors’ Forum has governors of Ekiti, Lagos, Ogun, Ondo, Osun and Oyo States as members.

The governors had dissolved the previous board on April 16.

The governors said that the inauguration among others was the thrust of a virtual meeting held on May 7 by the six governors and presided over by Akeredolu.

The new board, which has Dr Lawrence Olusegun Aina (Osun) as Chairman, also has Mr Segun Olujobi (Ekiti), Dr Tola Kasali (Lagos), Otunba Bimbo Ashiru (Ogun), Chief Segun Ojo (Ondo) and Seeni Adio (Oyo) as members.

The governors, who expressed confidence in the individual capabilities of the board members, said that the choices were made after a careful consideration of their wealth of experience, integrity and deep knowledge of the business environment.

They charged the board to reposition and restructure the organisation to foster a robust, transparent, accountable and forward-looking tradition that would engender enviable productivity deserving of a regional heritage.

Odua Investment Company Limited was incorporated in Nigeria as a Limited Liability Company in July 1976 to take over the business interests of the former Western State of Nigeria now comprising Oyo, Ogun, Ondo, Osun and Ekiti and Lagos States.

Since inception, it had been operating as a conglomerate owning substantial investment in real estate, food and beverages industries, agriculture, manufacturing, financial services, hotel and catering, telecommunication as well as printing and publishing.

The company commenced operations on Oct.1, 1976.