Odu’a Investment Company strengthens governance framework, growth strategies
L-R : Mr Abdulrahman Yinusa, Group Managing Director/CEO, Odu’a Investment Company Limited, Mr Kola Bajomo, past Chairman, Odu’a, Otunba Bimbo Ashiru, Group Chairman, Odu’a, Chief (Mrs) Maltida Iyabo Apampa, first female past Chairman, Odu’a and Prince Julius Adelusi- Adeluyi, past Chairman, at the Annual Meeting of all Directors in Odu’a group.
Odu’a Investment Company Limited (OICL) has reinforced its governance framework and expressed commitment to its expansion plans.
The Group Chairman, OICL, Otunba Bimbo Ashiru, said this while delivering his address at the Annual Meeting of all the directors in the Odu’a Group, which held on Thursday, at Lagos Airport Hotel Limited, Ikeja, Lagos State.
The event brought together top executives from Odu’a subsidiaries, past board chairmen, and key stakeholders to discuss the company’s achievements and strategic direction for the future.
“Looking ahead, our focus must be on strengthening governance frameworks to drive operational efficiency, reinforcing financial discipline to secure sustainable growth, and positioning Odua Group for greater regional and national impact,” he said
In his address, Otunba Ashiru underscored the importance of robust corporate governance and strategic alignment in navigating the challenges of today’s economic landscape. He emphasized that Odu’a’s success hinges on strong governance frameworks and sustainable leadership succession, pointing to ongoing initiatives such as tenure reviews and competency assessments to ensure effective leadership across the group.
Ashiru also celebrated key milestones, including the 60th anniversary of Cocoa House, a flagship asset in the Odu’a portfolio. He highlighted the completion of the Cocoa House Enhancement Project, which ensures the preservation and modernization of the historic landmark, along with the Premier Hotel Redevelopment, which is set for grand reopening in 2026.
In terms of regional and business expansion, the group continues to strengthen partnerships, such as its collaboration with the DAWN Commission to boost regional economic integration and its alliance with Iwosan Hospital Investment Limited to develop medical parks. Furthermore, Odu’a’s growing energy sector involvement, through the BITA Exploration initiative, is poised for significant returns with first oil expected in 2025.
Financially, Odu’a Investment remains strong, with steady revenue growth, improved profitability, and consistent dividend payments to shareholder states. The company’s recent land banking initiatives, including the acquisition of 8,716 acres near Premier Hotel, bolster its long-term growth prospects.
Ashiru expressed confidence that the company is poised for greater achievements in 2025 and beyond.
The event marked a pivotal moment for Odu’a Investment, reinforcing its commitment to sustainable growth, financial stability, and legacy infrastructure development.
