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Lagos becomes co-owner of Odu’a Investment Company

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The Lagos State Government has officially become a co-owner of the Western Nigeria Investment Group, the Odu’a Holdings, the Group Chairman of the company, Otunba Bimbo Ashiru, stated this when he presented to the Lagos State Governor, Mr. Babajide Sanwo-Olu, the Lagos State Government Odu’a Investment share certificate.


The presentation took place during a courtesy visit to the governor by the company’s board and management at Lagos House, Ikeja.

What you should know about the company: Odu’a Investment Company Limited is a conglomerate with substantial investment in Real Estate, Printing and Publishing, Equipment Leasing, Food and Beverages, and more.

OICL is a strategic investment and asset management firm founded in 1976 to hold and manage the industrial and commercial assets of companies owned by the government of the Western State of Nigeria.

Who are other owners of the company?: The Odu’a Group, which was set up by the government of Chief Obafemi Awolowo in the days of the Western Region, is owned by the Ogun, Oyo, Osun, Ondo and Ekiti States governments.

Why the company sold shares to Lagos: Ashiru, during the presentation, said the company decided to hand over the Share Certificate to Governor Sanwo-Olu to silence doubting Thomas’s who don’t believe that Lagos State is part of the Odua Group.

He said Lagos State is a bonafide member of the Odu’a Investment Company Limited, and the board members and management have been enjoying the support of the Lagos State Government.

The Company’s vision: The chairman said the focus of the board and management team to engineer a turnaround for the group, even as he added that with the caliber of people managing the affairs of the company right now, is to become a world-class company.

Lagos can do more: He, however, requested for more support from the Lagos State Government, noting that Odu’a is ready to partner and work with the state government for more business opportunities in hospitality, real estate, tourism and agriculture, especially the Imota Rice Mill.

Sanwo-Olu’s response: the Lagos State Government is willing to partner Odu’a Investment Company to deepen the relationship among the South-west states in agriculture, hospitality, oil and gas, tourism and other business opportunities.

He said: “We thank you very much for putting paid to doubting Thomases, who are not sure whether Lagos State has been brought in as part of Odu’a Investment. Lagos State before now has been accepted as equal partner, equal shareholder with governors of the five other states, and we are all equal stakeholders in the group.

“We thank you very much for presenting our Share Certificate to us. We have enjoyed dividends a couple of times already and it goes to show that our investment is yielding the right results. Lagos State is happy that we have made that investment and we are part of a great and bigger agenda called the Odu’a Investment.

“We are willing to partner Odu’a Investment Company on our Imota Rice Mill. The Rice Mill will be unveiled in October or November 2022, depending on the timing of our guest. It is something that we all need to celebrate. That would be the biggest single rice mill in the country, and it is a pride for all of us.

“And coming out of the mill itself, there are many other businesses that also can springboard like rice plantation, rice paddy, and all of it can be one of the areas in which we can look out for great business opportunities in Odu’a Investment Company. There are also other areas we can collaborate on like real estate opportunities, blue economy, hospitality destinations and tourism.”

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Man dies while watching football in Lagos bar

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A yet-to-be-identified middle-aged man has died while watching football at a local bar along the Lagos-Abeokuta Expressway.

It was gathered that the incident happened on Thursday, May 16.

The deceased, who was a regular customer in the open bar, was said to have walked in, sat down, and started to watch a football match until he fell asleep.

Efforts to wake him when the match ended, however, proved abortive as he was found motionless.

The state Police Public Relations Officer, Benjamin Hundeyin, who confirmed the incident, said it was reported at the Elere Police Division.

He said, “The owner of a bar located along Lagos-Abeokuta Expressway reported at Elere Division that at about 6:15 pm on Thursday, one of his male customers in his 50s, whose name and address are yet unknown, came into the open bar to sit and watch television.

“He was later observed to be sleeping on the chair and in an attempt to wake him up, it was discovered that he was lifeless. The scene was visited by detectives of the division, and the deceased was seen lifeless on the chair without any mark of violence.

“The body has been removed to the Mainland General Hospital mortuary, Yaba, Lagos State for autopsy. Efforts to trace his family are in progress.”

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LASEMA rescues young man who mistakenly fell into Lagos lagoon

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The Lagos State Emergency Management Agency (LASEMA) says it has rescued a man who “mistakenly fell” into the lagoon.

Olufemi Oke-Osanyintolu, LASEMA permanent secretary, told NAN that the agency received a distress call around 7am on Friday.

Oke-Osanyintolu said the man reportedly fell into the lagoon at Falomo bridge.

“Following the distress call, LASEMA activated the state’s emergency response plans with the swift arrival of LASEMA response team from Lekki zone at the incident scene at 8:02am,” NAN quoted him as saying.

“On arrival of the team at the incident scene, investigations revealed that the man had been resuscitated, and had identified himself as Segun Amoo.

“He narrated how he mistakenly fell into the Lagos lagoon at the aforementioned location.”

Oke-Osanyintolu said information obtained from Lagos State Water Authority (LASWA) revealed that Amoo was seen struggling for survival inside the lagoon.

The LASEMA permanent secretary quoted LASWA officials as saying: “Our staff had, around 11.00 p.m. yesterday night, observed Amoo struggling for survival in the lagoon waters after he fell off the bridge, thereby leading to the LASWA rescue team’s response.

“Amoo was rescued by the LASWA officials and subsequently stabilised by the agency’s pre-hospital care paramedics.

“He provided vital information about himself after resuscitation, stating that his home address is at Ilaje-Bariga, Lagos.

“He also clarified that he was not suicidal while narrating how the incident of his fall off the bridge occurred.”

Oke-Osanyintolu said the LASEMA response team proceeded to the victim’s home address for further investigations, where the rescue team handed over the victim to his relatives.

He said the victim’s brother claimed that the family had been searching for him for some time.

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Truck rams into BRT on Lagos-Ibadan Expressway

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A truck has rammed into a Lagos State BRT bus at Ibafo bus-stop along the Lagos Ibadan Expressway.

Our correspondent who went to the scene gathered that the accident occurred around some minutes to 6am on Saturday.

Officials of the Federal Road Safety Corps and Police on response call at the accident scene insisted that only their Public Relations Officers were authorised to speak.

However, unconfirmed reports from onlookers noted that several people on the BRT bus were injured.

Onlookers accounts noted that the BRT was parked loading its passengers at the bus stop before the truck loaded with cows heading to Lagos rammed into it, taking it off the road to destroy shops and kiosks by the roadside.

The cow truck had been towed a little away from the scene so as not to hinder traffic.

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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

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