An expected change has occurred at the Odu’a Investments Ltd, with the appointment of private sector players as members of the conglomerate’s Board of Directors.
The board was dissolved last month by owner-governors after a protracted crisis between some members of the board and the Group Managing Director (GMD), Mr. Adewale Raji.
While the governors reappointed Raji for another term of five years after he was adjudged as having performed creditably by KPMG, some members of the board opposed the governors’ decision.
In a statement by the Head, Corporate Affairs, Mr. Victor Ayetoro, the company said that Dr. Lawrence Aina, the representative of Osun State, will chair the new board.
Aina is a former executive director (Operations and Technology), EcoBank PLC and chairman, Fintech Associates. He will lead the other directors who are Chief Segun Ojo, a former commissioner for Finance, Budget and Economic Planning in Ondo State; Dr. Tola Kasali, who served as commissioner for Rural Development in Lagos State between 2003-2007.
