Odu’a Investment Company Limited
Ekiti reduces stake in Wema Bank
Ekiti State, one of the shareholders of Wema Bank Plc, has reduced its stake in the bank by 666.670 million from 1.191 billion shares. Ekiti, Oyo, Ogun, and Osun States are shareholders in Wema Bank. While Oyo, Osun, and Ogun held 666.670 million or 1.73 per cent each, Ekiti held 1.191 billion or 3.09 per cent as at December 31, 2019. But in a notification to the Nigerian Stock Exchange (NSE), signed by the Company Secretary of Wema Bank Plc, Johnson Lebile, the bank said Ekiti State Government sold 666.670 million shares at 65 kobo per share on the floors of the NSE, amounting to N433.336 million. According to the bank, the transaction took place between March 3 and 4, 2021. With the transaction, Ekiti State now holds about 524.1 million shares. Neem Tree Limited remains the majority shar...
One dead, three injured as cocoa house elevator crashes in Ibadan
A middle aged man was Wednesday confirmed dead after an elevator crashed at the Cocoa House building in Ibadan, the Oyo State capital. Newsmen learnt that three other people were also injured when the elevator at the high rise building in the ancient city crashed. The Cocoa House was said to have been built with proceeds from cocoa by the then government of late Chief Obafemi Awolowo, who was the Premier of the Western Region. The building as at now is being managed by the Odua Investment Company Limited, which is owned by the six states of the South-west. It was gathered that the elevator was being repaired Wednesday before it crashed and fell on people working on it. The Head of Corporate Affairs, Odua Investment Company Limited, Mr. Victor Ayetoro, while confirming the death of one pers...
