The Board of Directors of Odu’a Investment Company Limited has been dissolved, Chairman, South West Governor’s Forum, Mr. Rotimi Akeredolu, said.
Governor Akeredolu stated this in a statement issued on Friday after the meeting of the South-West governors on Thursday.
Akeredolu in the statement directed the Board of Directors of the conglomerate to hand over to the Group Managing Director pending the constitution of the new board.
The statement read: “The South-West Governors at its virtual meeting held on Thursday 16th April, 2020 resolved that as owner state governors we dissolve the Board of Directors of Odu’a Investment Limited with immediate effect.
“The Group Managing Director should take charge of the conglomerate affairs pending the constitution of a new board.”
The governor also announced that the entry points of our six states be closed forthwith to contain the spread of COVID-19 pandemic.
“That the state governors agreed that people involved in essential services or dealing in medicine, water and consumable items and in particular traders and market men or women should endeavour to wear nose masks while outside plying their trade to minimise the spread of the deadly virus.
“The governors further agreed that wearing of nose masks will be made compulsory for everybody coming out of their homes effective from Friday 24th April, 2020 in their respective states”
