Odu’a Investment Company Limited has approved to pay its shareholders N418.4 million as final dividends for the 2021 financial year. Representing a 15% increase compared to the N364 million paid in the previous year.
This was approved at the company’s 40th Annual General Meeting held at the Lagos Airport Hotel on 22nd June 2022.
The company posted a profit before tax of N9.37 billion in 2021 compared to the previous year. However, the Group Managing Director/CEO of Odu’a Investment Company, Mr. Adewale Raji explained that the PBT for the review year included revaluation gains of N7.11 billion.
Highlights of the meeting
The shareholders approved the audited financial results for 2021.
Approved the payment of N418.4 million dividends.
Set up “The Odu’a Investment Foundation”, which is to improve the company’s corporate social responsibility to the investing states.
Approval of Otunba Bimbo Ashiru as the new board Chairman.
-NAIRAMETRICS.
