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Odu'a Group Declares N5.203bn Profit, N364m Dividends


Kemi Olaitan in Ibadan
The Odu’a Investment Company Limited has recorded its profit-after-tax of N5.203 billion for the 2020 fiscal year despite the emergence of COVID-19 pandemic.
This is an increase of 11.5 per cent of the N4.665 billion profit recorded in 2019.
Odua group is owned by Oyo, Osun, Ogun, Ondo, Ekiti and Lagos States
The Chairman, Board of Directors of the company, Dr. Segun Aina, while addressing shareholders at its virtual Annual General Meeting (AGM) zoomed from its head office, Cocoa House, Ibadan, Oyo State, yesterday, said the board approved a dividend of N364 million to its shareholders, which is an increase of 14 per cent over previous year. ....

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