By NewsDesk, with Agency reports
Southwest governors, under the aegis of Southwest Governors’ Forum (NGF), has inaugurated new board members for O’dua Investment Limited, saying the newly appointed members will aid the repositioning of the organization.
It explained that the region’s drive to restructure its business environment and facilitate productivity had necessitated the formation of the new board after the previous board was dissolved on April 16.
The Chairman of the Forum, Governor Oluwarotimi Akeredolu, said the newly appointed members for the board of the company which commenced operations on October 1, 1976, was to enhance the realization of its vision for enviable productivity deserving of regional heritage.
Akeredolu, who is also the Governor of Ondo State, through a statement by the state’s Commissioner for Information and Orientation, Donald Ojogo, said that the inauguration among others was the hallmark of a virtual meeting held on May 7 by the six governors of Ekiti, Lagos, Ogun, Ondo, Osun, and the Oyo States which he presided over.
He revealed that the new board which consisted of six new members has Dr. Lawrence Olusegun Aina (Osun) as Chairman, also has Segun Olujobi (Ekiti), Dr. Tola Kasali (Lagos), Otunba Bimbo Ashiru (Ogun), Chief Segun Ojo (Ondo) and Seeni Adio (Oyo) as members.
Akeredolu, who expressed confidence in the individual capabilities of the board members, said that the choices were made after careful consideration of their wealth of experience, integrity, and deep knowledge of the business environment by the six governors.
“The governors 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,” the statement said.
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 and Ekiti, and the 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.