The South-West Governors have dissolved the Board of Directors of O’dua Investment Limited with immediate effect.
This was resolved at the virtual meeting of the governors held on Thursday, April 16, 2020.
In a statement signed by the chairman of the South-West Governors Forum and Ondo State Governor, Mr Rotimi Akeredolu, in Akure, on Friday, the forum directed that the Group Managing Director of the company take charge of the conglomerate affairs pending the constitution of a new board.
At the meeting, the governors also resolved that the entry points of the six states be closed forthwith to contain the spread of COVID-19 pandemic.
The statement read, “The South West Governors at its virtual meeting held on Thursday 16th April, 2020 resolved that as Owner State Governors we dissolve the Board of Directors of ODUA Investment Limited with immediate effect. The Group Managing Director should take charge of the conglomerate affairs pending the constitution of a new Board.
“The Entry Points of our six States be closed forthwith to contain the spread of COVID-19 pandemic.
“The state governors agreed that people involved in essential services or dealing in medicine, water, and consumable items in particular traders and market men/women should endeavour to wear nose masks while outside plying their trade to minimise the spread of the deadly virus.
“The governors further agreed that wearing of nose masks will be made compulsory for everybody coming out of their homes effective from Friday 24th April, 2020 in their respective States.”
