ODU’A Investment Company Limited (OICL) has assured investors of security of their funds as it woos investors at the Nigerian Exchange Limited to partner with the Investment Group to build a world-class conglomerate.
Speaking at the Closing Gong Ceremony to commemorate its partnership with the Nigerian Exchange Limited (NGX) on Friday, the Group Chairman of OICL, Chief Bimbo Ashiru noted that the company is poised for growth with its subsidiaries cutting across diverse value chain.
“Every investor wants the security of his funds at every point in tim. They want to be sure that their investment is secured. One of the companies that we believe that investment can be secured is Odu’a Investment Company. We are into real estate, energy and financial activities, among others. Like so many people said that we are one-stop shop.”
While noting that Odu’a Investment Company Limited was incorporated in 1976 as the engine of growth for the six south-west states in Nigeria, he explained that the company has grown to become a conglomerate with substantial investment in real estate, hospitality, financial services, energy, agriculture, logistics, healthcare and ICT digital in south-west Nigeria.
He therefore urged stockbrokers to share the gospel to their investors about the opportunities that await invesents in the company.
“Our focus is to be a world-class conglomerate. To be a world class conglomerate, you have to ensure you bring everybody on board, and that is what we are doing -seeking partnership with investors,” Ashiru said.
“We are at the Exchange to let the market stakeholders know that we are willing to be part of them and be a partner in progress,” he said.
Expressing delight at having members of OICL on the floor of the Exchange, Mr Jude Chiemeka, Acting Chief Executive Officer of NGX, commended the company, while expressing optimism that the capital market will further improve if the Investment Group lists on the Exchange.
In response, the Doyen of the market, Alhaji Rasheed Yusuf, expressed confidence in OICL, while noting that with the company had kept a ‘A credit rating’ for three consecutive years from one of the best rating agency, reflected that the company is healthy for investments.
He assured the board of the company that stockbrokers are willing to partner with them as they have invested in identified growth areas of the country, while commending the board for OICL diversified income strength and portfolio of subsidiaries.
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