Odu’a Investment Unveils Foundation, Advisory Council to Boost Dev’t in South West
By THECONSCIENCEng
Odu’a Investment Company Limited OICL has launched a new non-profit arm called Odu’a Investment Foundation under the leadership of a pioneer Advisory Council of seven eminent Nigerians from the South West states led by Ambassador Dr. Ọlatokunbọ Awolọwọ Dosumu.
Other members of the Council include Dr. Olusegun Olugboyegun, Chief Dr, Mrs Onikepo Akande, Dr. Biadun Shobanjo, Dr. Mrs Victoria Adunola Samson, Chieg Wole Olanipekun and Mr. Aderemi Makanjuola.
The launching ceremony which featured the inauguration of the Advisory Council and the unveil of the foundation’s logo was graced by many dignitaries from the South West states.
The foundation amongst other targets seeks to promote social development and welfare of the people in the six South West states with an objective of making sustainable impact on health, youth empowerment, and education.
READ MORE: OICL Posts N3.67bn Revenue in 2022, Grows Assets to N114.5bn
Speaking at the event, Awolọwọ Dosumu expressed delight on the new foundation and the impact it holds for the South West region.
L-R Odua Investment Group Chairman, Otunba Bimbo Ashiru, Dr Mrs Victoria Adunola Samson, Amb Dr Olatokunbo Awolowo Dosunmu, Chief Dr Mrs Onipede Akande Oon, Dr Biodun Shobanjo, Barrister Bimbola Salu- Hundeyin SSG Lagos and Dr Mrs Habibat Adubiaro, SSG Ekiti at the launch of Odu’a investment foundation in Lagos.
She applauded “The role of the (OICL) conglomerate in the business of adding value to the economy, as well as the statutory obligation of enhancing the revenue of various shareholder governments.”
She said, “They have now decided to deploy a further percentage of their income to an initiative that offers a wider latitude to impact lives through creative, inventive and effective philanthropy that cannot be accomplished by other means.
“Furthermore, because their unique governance structure allows for a significantly shortened time lag between decision and implementation, Foundations are able to respond faster to societal needs.
“By setting up this Foundation, therefore, this Board has intentionally introduced an additional avenue through which the company can further impact the lives of the people positively. In other words, rather than neglect or erase the legacy of our founding fathers, they have elected to maintain and, even, propagate it. I commend them once again for taking this bold step.”
She noted that the founding fathers of the region diligently worked towards a wealthy and peaceful society and their dreams must be actualised by the new Leaders.
“They were conceptualizing a region that would be wealthy enough to win his people off the ravages of diseases, ignorance, and poverty. They were very honest, diligent, and methodical in executing the plans they had carefully laid out, she said.
On behalf of the members, she further pledged total commitments towards actualisation of the agenda of the foundation.
“I, therefore, assure you, on behalf of all the members of this pioneer Advisory Council of the Odu’a Investment Foundation, that we will give this important and historic task our all, in order to lay a solid foundation for sustainability and future growth, ” she pledged.
