Odu’a Investment eyes listing on NSE

THE management of Odu’a Investment Company Limited has said the company was working on being the toast of the market whenever it is being listed.

Adewale Raji, Group Managing Director and Chief Executive Officer of the company told brokers during a visit to the Nigerian Stock Exchange (NSE) on Friday.

Raji, who ended market trading for the week by sounding the closing bell gong on the floor of the NSE, noted that “We’re already preparing ourselves such that when we finally get listed here, whether as a subsidiary or a holding company, it will really be a toast of the market.”

He explained that the management of the company has clear mandate to be the engine room of economic development in the South-West.

“Within this context, we are all out there to make sure that we register more investment footprints, particularly in the home, South-West states in Nigeria. To this extent we are looking forward to partners in all direction. We are all making sure that our governance rules are all well strengthened,” Raji said.

He further noted that the management of the company are focused on ensuring returns for investments.

“More fundamentally, we are focused on making sure that there are returns to investors. In the last three years, the current management has made it a policy that there must be steady returns in terms of dividend of dividend to shareholders,” he added.

Osacr Onyema, NSE CEO earlier in his speech, noted that the NSE was engaging the Odu’a Company to understand how The Bourse could collaborate and work lots more to enhance the exposure in the capital market and to help them meet the company’s investment objectives.