NIGERIA / PART 02 Odua Investment Company Limited was incorporated in July, 1976 to take over the business interest of the former Western State of Nigeria, now Oyo, Ogun, Ondo, Osun and Ekiti States of the Federal Republic of Nigeria. The company commenced business on the 1st of October, 1976. ODUA INVESTMENT COMPANY LIMITED since inception, has been operating as a conglomerate with over 70% of her business as investment/joint ventures with reputable multinationals. As early as February 26, 1976, just about three weeks after the creation of the three states out of the old Western State, the State Implementation Committee had given a thought to the establishment of a holding company which was to take over the supervision and monitoring of sundry investments of the former Western State which were hitherto under the control of the Western State Industrial Investment and Credit Corporation. Such investments were over sixty (60) in number. The Economic Project Performance Unit, in collaboration with the Western State Industrial Investment and Credit Corporation, was given the duty of making necessary recommendation for the establishemnt of a holding company. Investments within the Group at its inception covered a wide spectrum of economic activities, viz; integrated textile mills, breweries, commercial banking, insurance business, real estates, livestock rearing, fisheries services, carbonated drinks, food and beverages industries, manufacturing in chemical and mechanical industries, hotel and catering, vehicle distribution, bottling and marketing of liquefied petroleum gases, printing and publication. Apart from investments in limited liability companies, Odua Investment Company Limited also owns substantial properties in choice locations in the Ikeja residential/Industrial Estates and Apapa in Lagos State as well as a number of residential and commercial properties in Ibadan including the Aje House. It also has investments in properties in various parts of the Country. ================================================
Posted on: Thu, 24 Apr 2014 02:02:28 +0000
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