16 March 2018

Nigeria: Ex-Directors Sue Odu'a Investment Over N50 Million Entitlements

Ibadan — Former top management staff of Odu'a Investment Company Limited have dragged the company before the National Industrial Court, Ibadan division over non-payment of their entitlements running to over N50 million.

The ex-staff include former Executive Director, Finance Odu'a Investment Company Limited, Alhaji Rasaki Adeniyi Badmus; former General Manager, Business Development Odu'a Investment Company Limited Mr. Bola Jaiyeola and former Managing Director Lagos Airport Hotel, Ikeja, Mr. Kayode Adenigba.

The trio while addressing journalists at the premises of the court yesterday, said they had tried all efforts, meeting stakeholders and top personalities from the six states that owned the company (South Western states) to persuade the incumbent Group Managing Director of the company, Mr. Adewale Raji, but that all efforts made to ensure that the matter did not become a media issue proved abortive.

One of the counsels to the trio, Olabisi Ibironke, argued that her clients retired about four years ago.

Justice Opeloye Ogunbowa adjourned the case till April 26th for proper mentioning.

In a swift reaction, the Head of Corporate Affairs of the company, Mr. Victor Ayetoro, declared said he was surprised that the ex-staff would resort to the court despite ongoing engagements with them.


Herdsmen-Farmers Conflicts Becoming Deadlier - UN Envoy

The Special Representative of UN Secretary-General for West Africa and the Sahel, Mohamed Ibn Chambas, says the… Read more »

See What Everyone is Watching

Copyright © 2018 Daily Trust. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 800 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.