Ibadan Mogajis express Concern over poor management of Odu’a Investment, beg Alaafin, Ooni and others to Intervene


Family heads in Ibadanland, culturally refers to as Mogajis have appealed to the Alaafin of Oyo, Oba Lamidi Adeyemi, Ooni of Ife, Oba Adeyemi Enitan Ogunwusi, and other prominent Yoruba traditional Leaders to rescue the Odu’a Investment from collapse.

The Mogajis expressed displeasure over the current situation in the company, alleging that the stakeholders are folding arms while the Yoruba heritage is losing its value because of poor management.

In a statement by their spokesman, Wale Oladoja, the Mogajis regretted the poor management of Odu’a Investment by the governors in the Southwest, saying: “Our fear is the future of this region, if our inheritances die.”

The Mogajis had last week called on the governor from respective States in the Southwest to jettisoned Political affiliations and save the company from the impending doom.

They however advised Yoruba leaders to call stakeholders’ meetings and strategise how to resuscitate the company before it is too late.

“The late Chief Obafemi Awolowo and the late Chief Ladoke Akintola had given us our future, which are companies under Odu’a Investment, but we mismanaged them. We therefore call on our revered traditional rulers to intervene before it is too late.

“Our concern over the state of Odu’a Investment has nothing to do with personal interest, but the future of our children. Leave the Federal Government to decide its fate, and develop Odu’a Investment. Even with the little we met on ground, many of our children are still finding it difficult to get jobs, let alone when these companies are no more.”

The group asked the monarchs to summon the governors to town hall meetings where the development of Odu’a nation, especially Odu’a Investment, will be discussed to ensure Yoruba children are not playing second fiddle in Nigeria projects.


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