Odu’a Investment inaugurates Dr. Tola Kasali as new Group Chairman
Otunba Bimbo Ashiru, Immediate Past Group Chairman (left) and Dr Tajudeen Tola Kasali, the new Group Chairman.
Nike Popoola
Odu’a Investment Company Limited has formally inaugurated Dr. Tajudeen Tola Kasali as its new Group Chairman, completing a seamless leadership transition aimed at reinforcing the conglomerate’s commitment to corporate governance.The inauguration took place during the Board of Directors meeting on Thursday, July 30, 2026.
This follows the initial announcement of his appointment at the company’s 44th Annual General Meeting held on June 26, 2026, at the newly redeveloped Premier Hotel in Ibadan.Dr. Kasali succeeds Otunba Bimbo Ashiru, whose four-year tenure as Chairman ended in line with the company’s governance policy of rotational chairmanship among the six South-West shareholder states.
A statement from the company today said to ensure institutional memory and strategic stability, Otunba Ashiru will remain a member of the Board until 2028 to complete his second and final term.The new Group Chairman, who has served as a Director of the company since 2020, is a distinguished medical practitioner and public administrator.
A graduate of the State Medical Institute in Zaporozhye, Ukraine, Dr. Kasali previously served as the Executive Chairman of Ibeju-Lekki Local Government and as a Lagos State Commissioner for Rural Development, Health, and Special Duties.
He also championed the establishment of the Lagos State Emergency Management Agency (LASEMA) and the Lagos State Safety Commission.Under Otunba Ashiru’s stewardship, Odu’a Investment underwent a massive transformation, accelerating its SRC 1.0 (“Sweat, Revive and Create”) Strategic Framework, which concluded in 2025.
This era delivered a record-breaking Profit Before Tax of ₦23.58 billion for the 2025 financial year and upgraded the company’s Agusto & Co. credit rating from A+ to Aa-.Speaking after his inauguration, Dr. Kasali expressed gratitude to the board and shareholders, pledging to build on this solid foundation.
He identified the immediate implementation of the SRC 2.0 Strategic Framework (2026–2030) as his top priority.Anchored on the philosophy of “Sweat, Repurpose and Consolidate,” the new strategy targets ₦30 billion in cash-backed Profit Before Tax, ₦1 trillion in total assets, and ₦50 billion in Group revenue by 2030, positioning the firm as one of Africa’s leading regional investment conglomerates.
The Board expressed absolute confidence in Dr. Kasali’s extensive leadership experience to guide the company into its next growth phase across its six shareholder states: Oyo, Ondo, Ogun, Osun, Ekiti, and Lagos.
