Aregbesola Commiserates With Ajimobi, Ibadan People Over Olubadan

Governor Rauf Aregbesola of Osun State has commiserated with the Governor of Oyo State, Senator Abiola Ajimobi, over the demise of the Olubadan of Ibadan, Oba Samuel Odulana Odugade.

The Governor described the late monarch as fatherly, quiet, peace-loving, progressive and a bridge-builder during his time.

In a statement by the Director of Bureau of Communication and Strategy, Semiu Okanlawon, Governor Aregbesola said the death of the first class monarch has left a huge vacuum in the traditional rulers’ council in Oyo State and by extension in Nigeria.

He lauded the late monarch for always championing peaceful co-existence as well as fostering cordial relationship among diverse ethnic nationalities residing in the ancient city.

According to him, the monarch’s reign was peaceful, remarkable and progressive even though his reign was brief.
The statement added: “Indeed, the exit of Olubadan is a sudden one, yet it was also a glorious one at the time it came.

“Olubadan’s reign was remarkable and peaceful. The people of Ibadan and Oyo State as well as its government have certainly lost one of Yoruba’s foremost traditional rulers.

“I, on behalf of government and people of Osun, commiserate with the Governor of Oyo State, Senator Abiola Ajimobi, the Ibadan Elders’ Council, the entire people of Ibadan and Oyo State in general.

“We pray that the Lord repose the soul of our dearest monarch in paradise.”

Olubadan Was A Man Of Peace – Tinubu

The national leader of the All Progressives Congress, APC, Asiwaju Bola Ahmed Tinubu has described the death of the Olubadan Of Ibadan Land, Oba Samuel Odulana Odugade as the passing on of one of the greats of the Yoruba nation.

“A custodian of the Yoruba tradition and culture, filled with wisdom and also genteel,” Tinubu said in a statement issued by his media team.

“His death will be felt amongst not just his people but the Yoruba nation”. Tinubu noted that during the reign of the Olubadan Of Ibadan Land, Oba Oba Samuel Odulana Odugade, Ibadan witnessed peace and development.

“He was supportive of the advancement of the people and he kept faith with the values, tradition, culture and integrity of the Yoruba nation.

“I mourn with the governor and people of Oyo State over his passing. He has left a legacy which we must sustain. May the soul of the departed rest in peace,” the statement read.

Olubadan Is Dead

The Olubadan of Ibadan land, Oba Samuel Odulana Odugade 1, is dead.

The monarch, who attained the age of 100 years in 2014, passed away Tuesday evening after he reportedly lost consciousness.

The Nation reliably gathered last night that the monarch’s corpse has been taken to a morgue as at press time.

Other details about Oba Odulana’s death were sketchy as at press time.

When contacted, one of his sons, Prof. Femi Lana, declined comments on the incident.

The Personal Assistant to the late monarch, Chief Isiaka Akinpelu, however denied the death, saying it was a rumour. He said Oba Odulana still ate yesterday, adding that he was hale and hearty.

His death will throw the city into mourning after brouhaha over promotion of nine high chiefs on January 1 which pitted the Olubadan-In-Council against the state government.

Oba Odulana mounted the throne in 2007 as the 39th Olubadan of Ibadan land. He was the 17th Olubadan since the title was elevated from Baale Ibadan to the Olubadan in 1930. The first traditional ruler to bear the new title was Oba Okunola Abass who reigned from 1930-1946.

Next in line to the throne is the Balogun of Ibadan land, High Chief Saliu A.O. Adetunji.

The Nation

Lagos now Member of Odu’a Investment Company Limited Owner States

…As Company Proposes N20b Revenue

By Waheed Adekunle, Osogbo

The Oodua Owner States Governors on Tuesday announced the admittance of Lagos state into the Oodua Investement Company Limited just as a new revenue base was proposed for the company from N4billion to N20billion.

Addressing journalists on behalf of other Governors shortly after a closed door meeting of the Owner States Governors at the Cocoa House Ibadan, Governor Olusegun Mimiko of Ondo state stated that the meeting was aimed at restrategising the activities of the company and take some relevant far-reaching decisions to reposition the Investment and as well boost its economic base in line with the global economic trends.

He disclosed that the five Owner States Governors have approved a five year strategic economic plan to grow the revenue base of the company from N4billion to N20billion.

According to him, “we owner States Governors of Osun, Oyo, Ondo, Ogun and Ekiti state have met with the board and management of Odu’a Investment Company on the need to improve our activities as regards revenue base.

“We have deliberated comprehensively on the need to improve our revenue base, economic activities and the implementation of new economic strategies in line with the best global economic trends.

“We have also taken far-reaching economic decisions to reposition the investment as the engine room of economic growth in the Southwest.

“To achieve all these, we owner States Governors have therefore approved a five year strategic plan to grow and increase tremendously the revenue base of the company from N4billion to N20billion.

Governor Mimiko further revealed that the Owner States Governors have also agreed on the principle to include Lagos State as part of the Odu’a Investment Company Limited, saying the economic strategy is a five-year plan aimed at increasing the revenue base of the company from its present N4billion to 20billiion and as well improve the economic activities of the investment for the general benefits of the owner states.

He therefore submitted that the owner States Governors have decided to meet with board and management of the Company quarterly.

“As we have agreed to reposition the company economically, we also implemented principles to admit Lagos State as part of the Odu’a Investment Company Limited with a view to reshape the revenue base of the company.

“In a bid to achieve greater improvement and effective management, we have agreed to be meeting with board and management of the company on quarterly basis”, Governor Mimiko disclosed.

Meanwhile, the meeting was attended by the Governor of Osun, Ogbeni Rauf Aregbesola, his counterparts in Ogun and Ondo States, Senator Ibikunle Amosun and Dr. Olusegun Mimiko, Oyo State Deputy Governor, Otunba Moses Alade Adeyemo, Ekiti State Deputy Governor, Dr. Kolapo Olusola, Secretary to Ekiti State Government, Dr. (Mrs) Modupe Alade, Secretary to Oyo State Government, Mr. Olalekan Ali, Group Managing Director, Odu’a Investment Company Limited, Mr. Adewale Raji, Directors of the five owner States of Odu’a Investment Company Limited, among other dignitaries and political functionaries.