Lagos joins O’dua group, acquires 115m shares

Ogun refuses to sign South West’s Agriculture Land Deal with Lagos

The O’dua investment group formally admitted Lagos as one of the investing states in the South West states, more than four decades of galvanizing the region’s economy,

The six governors of South West region under the auspices of the Western Nigerian Governors Forum on Wednesday formally admitted Lagos State into the group.

Lagos State government acquired a total of 115 million shares thus growing the share equity of the company to 690 million.

In a communiqué issued at the end of a two-day quarterly meeting in Lagos, the governors also signified interest in the concession of the Murtala Muhammed international airport

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 states.

Inception, it has been operating as a conglomerate owning substantial investment in real estate, food and beverages industries, agriculture, manufacturing, financial services, hotel and catering, telecommunication, printing and publishing.

The company commenced operations on the 1st of October, 1976.

Apart from investments in limited liability companies, the company also owns substantial properties at choice locations in Ikeja residential/industrial estates and Apapa in Lagos State as well as a number of residential and commercial properties in Ibadan including Cocoa House, Aje House, Orange Court, Almond Court.

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