Governors of the six South-West states of Ekiti, Lagos, Ogun, Ondo, Osun and Oyo have dissolved the board of Odu’a Investment Limited.
Chairman of the South West Governors’ Forum, Rotimi Akeredolu announced the dissolution. He said the dissolution took immediate effect.
The governors mandated the Group Managing Director of the company to take charge of the business venture.
Odu’a Investment is a legacy bequeathed to the states by the old Western Region.
The governors took further steps to jointly tackle the COVID-19 pandemic.
They agreed on closure of all entry points as well as compulsory wearing of face masks.
“The South West Governors at its virtual meeting held on Thursday, April 16, resolved as follows:
“That as Owner State Governors, we dissolve the Board of Directors of ODU’A Investment Limited with immediate effect.
” The Group Managing Director should take charge of the conglomerate affairs pending the constitution of a new board.
“That the entry points of our six states be closed forthwith to contain the spread of COVID-19 pandemic.
“That the state governors agreed that people involved in essential services or dealing in medicine, water and consumable items, in particular traders and market men/women, should endeavour to wear nose masks while outside plying their trade to minimise the spread of the deadly virus.
“The governors further agreed that wearing of nose masks will be made compulsory for everybody coming out of their homes effective from Friday April 24 in their respective states,” the statement said.
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