A new board has been appointed by the six owner South West states for Oodua Investment Limited.
The Chairman of the Forum and Ondo State Governor, Oluwarotimi Akeredolu, SAN, disclosed this in a statement issued in Akure by the state’s Commissioner for Information and Orientation, Mr Donald Ojogo.
He said the newly inaugurated board was an agreement of the six governors of Lagos, Ogun, Oyo, Osun, Ondo and Ekiti States during 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 from Osun State 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.
Oodua 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 October 1, 1976.
