Odu’a Investment Inaugurates Kasali as Group Chairman, Unveils Growth Agenda
Odu’a Investment Company Limited has formally inaugurated Dr. Tajudeen Tola Kasali as its new Group Chairman, marking the completion of a leadership transition aimed at strengthening corporate governance and ensuring institutional continuity.
THE CONSCIENCE NG reports that Kasali was inaugurated during the company’s Board of Directors meeting held on Thursday, July 30, 2026, following the announcement of his appointment at the firm’s 44th Annual General Meeting on June 26, 2026, at the newly redeveloped Premier Hotel in Ibadan.
He succeeds Otunba Bimbo Ashiru, whose four-year tenure as chairman ended in line with the company’s rotational chairmanship policy among its six South-West shareholder states. Ashiru, however, will remain on the board until 2028 to complete his second and final term as a director.
Kasali has served on the board of Odu’a Investment Company Limited since 2020. A medical practitioner and public administrator, he earned his medical degree from the State Medical Institute, Zaporozhye, Ukraine.
He previously served as Executive Chairman of Ibeju-Lekki Local Government and Lagos State Commissioner for Rural Development, Health and Special Duties. He also played a key role in establishing the Lagos State Emergency Management Agency (LASEMA) and the Lagos State Safety Commission.
The company said Ashiru’s tenure witnessed a significant transformation of Odu’a Investment from what it described as an asset-rich but underperforming enterprise into a strategy-driven regional investment conglomerate.
It noted that although the SRC 1.0 “Sweat, Revive and Create” strategic framework was introduced in 2021, its implementation gained momentum under Ashiru’s leadership, leading to stronger corporate governance, portfolio rebalancing, the revitalisation of legacy assets, including the redevelopment of Premier Hotel, Ibadan, and a record Profit Before Tax of ₦23.58 billion for the 2025 financial year.
The company also recorded an upgrade in its credit rating by Agusto & Co. from A+ to Aa-, while implementation of the SRC 2.0 strategic framework commenced in January 2026 to drive the next phase of growth.
Speaking after his inauguration, Kasali thanked the board and shareholders for the confidence reposed in him and pledged to build on the achievements of previous administrations.
He identified the implementation of the SRC 2.0 Strategic Framework (2026–2030) as his immediate priority. The initiative is anchored on the philosophy of “Sweat, Repurpose and Consolidate” and seeks to deliver ₦30 billion in cash-backed Profit Before Tax, ₦1 trillion in total assets and ₦50 billion in group revenue by 2030.
According to him, the strategy is designed to position Odu’a Investment Company Limited among Africa’s leading regional investment conglomerates.
The Board of Directors expressed confidence in Kasali’s ability to lead the organisation, citing his experience in healthcare, public administration and strategic leadership.
The board also commended Ashiru for his contributions to the company’s growth, noting that the succession process reflects Odu’a Investment’s commitment to transparency, accountability, good corporate governance and long-term sustainability.
It added that the company would continue to pursue regional economic development and sustainable wealth creation across its six shareholder states of Oyo, Ondo, Ogun, Osun, Ekiti and Lagos.
