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Independentng.com homepage - Home of Independent Newspapers Nigeria Limited on the Internet

Apampa replaces Bajomo as chairman of Odua group

By Sola Shittu,

Reporter, Ibadan

 Chief Matilda Iyabode Apampa has been appointed as the new chairman of Odua Investment Company Limited. She replaces Chief Kola Bajomo, who has since resigned from the organisation.

A statement by the Senior Manager, Corporate Affairs, Oloye Lekan Alabi, said Mrs. Apampa, who was a former commissioner in Ogun State and chairman, Ogun Osun River Basin Development Authority assumed duty last Friday.

By the appointment, Apampa became the first female chairman of the Odua conglomerate after more than two decades of existence.

However, Daily Independent gathered that the appointment was part of the management shake up embarked upon by the owner states of the conglomerate.

The governors had allegedly at the last owner states meeting held in Osun State berated the shoddy handling of the Oduatel, the newly established communication company of the Odua group.

They were said to have ordered the immediate removal of the former Chairman, Chief Kola Bajomo and the Group Managing Director, Sir Remi Omotoso.

While Bajomo was confirmed to have resigned as chairman of the board, an official statement from the organisation, however, denied the removal of Omotoso, who was said to be on annual leave.

At present, the General Manager Operations of the Odua Group, Mr. Jide Ikimoluyi, has been acting as the group managing director of the conglomerate since last month.

Meanwhile, the inability of Odua Telecoms Limited to meet the desired expectations of the people has continued to elecit criticisms from the public.

Oduatel, currently a 100 per cent company owned by Odua Investment won the bids for fixed wireless licences from the Nigerian Communications Commission (NCC) for Oyo, Ogun, Osun, Ondo and Ekiti states.

The fixed wireless line was expected to take off in July last year as stated by Omotoso at a press conference, but the launching was dragged to February this year in Ibadan.

In June this year, the Export-Import Bank of the United States of America, Ex-Im Bank approved N1.4 billion equipment loan for Oduatel.

 

 

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