Odu’a Investment inaugurates Kasali as group chairman

Odu’a Investment Company Limited has officially welcomed Dr. Tajudeen Kasali as its new Group Chairman, signaling a seamless transfer of leadership. This transition underscores the conglomerate's dedication to robust corporate governance and sustained institutional progress.

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The inauguration took place during the Board of Directors meeting on Thursday, 30 July 2026, following the earlier announcement of his appointment at the company’s 44th Annual General Meeting held on 26 June 2026, at the newly redeveloped Premier Hotel, Ibadan.

Kasali, a medical doctor and experienced public administrator, takes over from Otunba Bimbo Ashiru, whose four-year term concluded according to the company's rotational chairmanship policy among the six shareholder South-West states. Ashiru will remain on the Board until 2028, ensuring continuity. Kasali, who has served as a director since 2020, previously held significant public service roles, including Executive Chairman of Ibeju-Lekki Local Government and Lagos State Commissioner for Rural Development, Health, and Special Duties.

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Kasali succeeds Otunba Bimbo Ashiru, whose four-year tenure as chairman ended in line with the company’s governance policy of rotational chairmanship among the six shareholder South-West states.

Under Otunba Ashiru's leadership, Odu’a Investment Company Limited evolved from an asset-heavy, cash-poor entity into a focused regional investment conglomerate. The implementation of the SRC 1.0 (“Sweat, Revive and Create”) Strategic Framework, initiated in 2021, was significantly advanced during his tenure. This period saw strengthened corporate governance, a rebalanced investment portfolio, revitalization of key assets like the Premier Hotel in Ibadan, and a record Profit Before Tax of N23.58 billion for the 2025 financial year. The company's credit rating also improved from A+ to Aa-.

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Building on these achievements, the implementation of the SRC 2.0 Strategic Framework commenced in January 2026 under Otunba Ashiru’s leadership to provide a clear roadmap for the company’s next phase of growth.

With the SRC 2.0 Strategic Framework now underway since January 2026, Kasali expressed his commitment to building upon the strong foundation established by his predecessors. He identified the immediate priority as the effective implementation of this new strategic roadmap for the company's future growth.

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Speaking after his inauguration, Kasali expressed gratitude to the board and shareholders for the confidence reposed in him and pledged to build on the solid foundation laid by previous leadership.