South-West govs inaugurate O’dua investment board

The South-West Governors’ Forum on Friday said it had inaugurated the board of O’dua Investment Limited.

This was contained in a statement issued in Akure by the Commissioner for Information and Orientation in Ondo State, Mr Donald Ojogo, on behalf of the Chairman of the Forum, Governor Oluwarotimi Akeredolu.

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

The previous board was dissolved on April 16 by the six governors.


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 the choices were made after 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 regional heritage.

Odu’a 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, 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.