Dele Ogunyemi
23 October 2009
Ibadan — ODU'A Investment Company Limited has applauded the contributions of its out-going chairman, Prince Julius Adelusi-Adeluyi which has led to the turning around of the fortunes of the conglomerate in the last two years.
In a statement signed by its Head Marketing and Corporate Affairs, Mr. Sunkanmi Omidiji, Odu'a Investment remarked that the out-going Chairman, through his vast wealth of experience in business and international relations, led the conglomerate's board to revive many of its moribund companies and subsidiaries.
"The Chairman, during his tenure, brought his vast wealth of experience in business and international relations to bear in area of revitalising some of Odu'a major subsidiaries and positioning them for global competitive advantage," the statement said.
It explained that companies currently enjoying the revitalization process include Askar Paints, Lagos Airport Hotel and O'NET, adding that through his led Board of Directors, approval was given to resuscitate the moribund Ire Brick factory which stopped production eight years ago.
"As part of Odu'a corporate social responsibility [CRS] with more emphasis on capacity building and developing growing generations, Prince Adelusi-Adeluyi led board of Directors in two years offered N47million lifeline to over 400 indigent but brilliant students of owner states of Oyo, Ogun, Ondo and Ekiti studying in tertiary institutions across the country," the Head Marketing/Corporate Affairs remarked.
The statement reads further: "In a bid to redevelop old properties of the company in key locations across the South-West stats, Prince Adelusi-Adeluyi led board of Directors approved Property Redevelopment Programme which led to the birth of, among others, our New Orange Court, a four bed room bungalow now turned to a six-block of twelve apartments. Under his leadership, the initiative to construct Heritage Mall was conceived. The Heritage Mall after construction will provide among others Ultra-modern movie theatre, department store, branded restaurant, rental shops and banking facilities. Work has already commenced on the site and the mall will be ready in the next twelve months."
Concluding, the statement said that "Odu'a Investment Company Limited owe Prince Julius Adelusi-Adeluyi a moral duty to salute his courage, perseverance, doggedness and transparency in the way and manner he conducted the affairs of Odu'a board."
It added that "the candour he brought to the leadership, elegance in thoughts and ideas, unflinching loyalty and sense of patriotism that stood him out amongst contemporaries are essential traits that Odu'a will live to treasure."
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