Odu’a Investment Coy Seeks NGX Collaboration to Build World-class Conglomerate

Kayode Tokede

The management of Odu’a Investment Company Limited (OICL) said it seeks collaboration with the Nigerian Exchange Limited (NGX), to achieve its objective of becoming a world-class conglomerate.

Speaking at the Closing Gong Ceremony to commemorate its partnership with the Exchange over the weekend, the Group Chairman of OICL, Bimbo Ashiru stated that the company is poised for growth with its subsidiaries cutting across diverse value chains.

According to him, “Every investor wants the security of his funds at every point in time. They want to be sure that their investment is secured. One of the companies that we believe that investment can be secured is Odu’a Investment Company. We are into real estate, energy and financial activities, among others. Like so many people said that we are one-stop shop.”

While noting that Odu’a Investment Company was incorporated in 1976 as the engine of growth for the six south-west states in Nigeria, he explained that the company has grown to become a conglomerate with substantial investment in real estate, hospitality, financial services, energy, agriculture, logistics, healthcare and ICT digital in south-west Nigeria.

He, therefore, urged stockbrokers to share the gospel to their investors about the opportunities that awaits investments in the company.

“Our focus is to be a world-class conglomerate. To be a world class conglomerate, you have to ensure you bring everybody on board, and that is what we are doing -seeking partnership with investors.

“We are at the Exchange to let the market stakeholders know that we are willing to be part of them and be a partner in progress,” Ashiru said.

Expressing delight at having members of OICL on the floor of the Exchange, Acting Chief Executive Officer of NGX, Mr. Jude Chiemeka commended the company, while expressing optimism that the capital market would further improve if the Investment Group lists on the Exchange.

In response, the Doyen of the market, Rasheed Yusuf expressed confidence in OICL, while noting that with the company had kept a ‘A credit rating’ for three consecutive years from one of the best rating agency, reflecting that the company is healthy for investments.