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Odu’a Investment Company Limited has formally inaugurated Dr. Tajudeen Tola Kasali as its new Group Chairman, completing a seamless leadership transition that reinforces the conglomerate’s commitment to corporate governance and institutional continuity. The inauguration took place during the Board of Directors meeting on Thursday, July 30, 2026, following the earlier announcement of his appointment at the Company’s 44th Annual General Meeting held on June 26, 2026, at the newly redeveloped Premier Hotel, Ibadan. Dr. Kasali succeeds Otunba Bimbo Ashiru, whose four-year tenure as Chairman ended in line with the Company’s governance policy of rotational chairmanship among the six Shareholders’ South-West states. Otunba Ashiru remains a member of the Board until 2028, when he will have completed his second and final term, thereby ensuring continuity, institutional memory and strategic stability. Dr. Kasali has served as a Director of Odu’a Investment Company Limited since 2020. A distinguished medical practitioner and accomplished public administrator, he holds a medical degree from the State Medical Institute, Zaporozhye, Ukraine. His public service career includes serving as Executive Chairman of Ibeju-Lekki Local Government and as Lagos State Commissioner for Rural Development, Health and Special Duties. He also championed the establishment of the Lagos State Emergency Management Agency (LASEMA) and the Lagos State Safety Commission. Under Otunba Ashiru’s stewardship, Odu’a Investment Company Limited underwent a remarkable transformation from an asset-rich but cash-poor and underperforming enterprise into a strategy-driven regional investment conglomerate. Although the SRC 1.0 (“Sweat, Revive and Create”) Strategic Framework was initiated in 2021, its implementation was significantly accelerated under his chairmanship, culminating in its successful conclusion in 2025. During this period, the Company strengthened corporate governance, rebalanced its investment portfolio, revitalized legacy assets, including the landmark redevelopment of Premier Hotel, Ibadan and delivered a record-breaking Profit Before Tax of ₦23.58 billion for the 2025 financial year. The Company’s credit rating was also upgraded by Agusto & Co. from A+ to Aa-. Building on these achievements, the implementation of the SRC 2.0 Strategic Framework commenced in January 2026 under Otunba Ashiru’s leadership to provide a clear roadmap for the Company’s next phase of growth. Speaking after his inauguration, Dr. Kasali expressed gratitude to the Board and shareholders for the confidence reposed in him and pledged to build on the solid foundation laid by previous leadership. He identified as his immediate priority the implementation of the SRC 2.0 Strategic Framework (2026–2030), developed under the chairmanship of Otunba Bimbo Ashiru and anchored on the philosophy of “Sweat, Repurpose and Consolidate.” The strategy targets ₦30 billion in cash-backed Profit Before Tax, ₦1 trillion in total assets, and ₦50 billion in Group revenue by 2030, positioning Odu’a Investment Company Limited as one of Africa’s leading regional investment conglomerates. The Board expressed confidence that Dr. Kasali’s extensive experience in healthcare, public administration and strategic leadership will guide the Company toward even greater achievements. The Board also commended Otunba Ashiru for his visionary leadership and outstanding contributions, noting that the seamless succession process, with the immediate past Chairman remaining on the Board until 2028, further demonstrates Odu’a Investment Company Limited’s unwavering commitment to transparency, accountability, good corporate governance and long-term sustainability. As Odu’a Investment Company Limited embarks on this new chapter, it remains steadfast in its commitment to advancing regional economic development and creating sustainable wealth for the people of its six shareholder states of Oyo, Ondo, Ogun, Osun, Ekiti and Lagos, while delivering enduring value for generations to come.

The Board of Odu’a Investment Company Limited and some of its subsidiaries, led by Group Chairman Otunba Bimbola Ashiru and the Group Managing Director and Chief Executive Officer, Mr Abdulrahman Yinusa, paid a courtesy visit to the Olubadan of Ibadanland, Oba (Senator) Rashidi Adewolu Ladoja, Arusa I, at the Oke Aremo Palace in Ibadan on Tuesday, April 28, 2026. The visit was both a congratulatory call and an opportunity to discuss areas of collaboration to advance economic development in Ibadanland and the South West region. In his remarks, the Otunba Ashiru described the Olubadan as a leader with a clear interest in economic development, noting that the palace had already initiated contact on areas of partnership. He emphasised the importance of small and medium-scale enterprises as drivers of economic growth globally and affirmed Odu’a’s readiness to support initiatives in that space in collaboration with the palace. Otunba Ashiru spoke on Odu’a’s transformation into a competitive and commercially driven conglomerate. He noted that among regional institutions established in the same era, Odu’a has remained resilient and continues to thrive. He highlighted ongoing projects including the redevelopment of Premier Hotel and the enhancement of Cocoa House, both of which are central to efforts to restore Ibadan’s position as a major economic centre. He extended an invitation to Kabiyesi to the forthcoming relaunch of Premier Hotel and reaffirmed the company’s commitment to sustained engagement with Ibadan’s economic leadership. Responding, Oba Ladoja acknowledged the history and significance of Odu’a Investment and reflected on its foundation in the vision of Chief Obafemi Awolowo and Chief Ladoke Akintola. Drawing from his experience as a former shareholder governor, he shared personal insights into the company’s journey and the broader achievements of the Western Region. He commended the Board and Management for the progress made in repositioning the company and encouraged continued focus on investments that deliver tangible economic impact. He noted that Odu’a has the capacity to compete at the highest levels and stressed the importance of retaining control over regional assets amid growing external interest. In his remarks, the GMD/CEO, Mr Abdulrahman Yinusa, thanked the monarch for the audience and noted that the visit reflects the importance Odu’a places on alignment with key regional stakeholders. He stated that the company’s current phase is focused on execution, with clear priorities around asset optimisation, capital discipline and partnerships that unlock long term value. Following the engagement at the palace, members of the Board proceeded to the Premier Hotel site to inspect the progress of work ahead of its planned relaunch.

Odu’a Investment Company Limited (“Odu’a Investment”) has entered into a strategic partnership with Elektron Energy Development Strategies Limited (“Elektron”), a leading embedded power developer focused on delivering reliable, scalable energy infrastructure, to develop a 50-megawatt (MW) gas-fired Independent Power Plant (IPP) at the former Cocoa Industries Limited (CIL) Complex within the Ogba Industrial Estate in Ikeja, Lagos. The IPP will deliver dedicated, reliable electricity directly to industrial and commercial users within the Ogba cluster, reducing exposure to grid instability and eliminating the need for inefficient self-generation. Beyond immediate users, the project is expected to support job creation across construction and operations, strengthen the competitiveness of businesses within the cluster, and reinforce Lagos’ position as Nigeria’s commercial and industrial hub. The project will be delivered through a jointly established Special Purpose Vehicle (SPV), combining Elektron’s technical, commercial, and regulatory expertise with Odu’a Investment Company’s regional investment platform. Explaining the intent of the project, Otunba Bimbo Ashiru, Group Chairman, Odu’a Investment Company Limited said: “This landmark project represents a significant step in Odu’a Investment’s long-term strategy to invest in critical infrastructure that drives economic growth, industrial productivity and sustainable development across south west Nigeria and the broader national economy. This project represents a strategic catalyst for industrial revitalisation, enhanced energy security, and sustainable economic growth across the Southwest.” Commenting on the significance of the project and its broader impact, Mr. Tola Talabi, Founder and Co-Chief Executive Officer of Elektron Energy Development Strategies Limited, said: “This project reflects exactly how we think about power at Elektron. Not as standalone generation, but as enabling infrastructure for economic activity. The Ogba IPP is a targeted intervention in one of Lagos’ most commercially significant corridors, designed to deliver reliable power where it is needed most, and to do so in a way that is scalable, bankable, and sustainable. Our partnership with Odu’a Investment Company brings together long-term capital and execution capability, and demonstrates how embedded generation can materially improve industrial productivity, reduce energy costs, and strengthen regional energy resilience.” Highlighting the execution approach and partnership strength, Mr. Abdulrahman Yinusa, Group Managing Director, Odu’a Investment Company Limited, said that: “ The initiative marks a defining step in driving industrial renewal, strengthening energy resilience, and advancing sustainable growth in the Southwest. Our partnership with Elektron positions Odu’a Investment at the forefront of Nigeria’s evolving energy sector, while delivering lasting value for stakeholders and future generations.” The project reflects the growing role of decentralised power solutions within Nigeria’s evolving electricity market, and demonstrates how targeted, privately financed infrastructure can address power deficits at a corridor level.

Odu’a Investment Company Limited (“OICL” or “Odu’a”) announces the completion of its acquisition of a 10% minority equity stake in the issued share capital of FCMB Pensions Limited (“FCMB Pensions” or the “Company”) from FCMB Group Plc (“FCMB Group” or the “Group”). The acquisition follows the receipt of the requisite approvals from the regulatory authorities – the National Pension Commission (PenCom) and the Central Bank of Nigeria (CBN). The Securities and Exchange Commission (SEC) has also been duly notified. The transaction represents a strategic investment by Odu’a in Nigeria’s growing pension industry, a resilient and steadily expanding segment of the country’s financial services sector. It also strengthens FCMB Pensions’ shareholder base, bringing together two established institutions with complementary strengths and a shared commitment to long-term growth and value creation. The Group Chairman of Odu’a Investment Company Limited, Otunba Bimbola Ashiru, commenting on the investment, said, “This investment reflects Odu’a’s strategy of partnering with strong institutions operating in sectors that are central to Nigeria’s long-term economic stability and growth. The pension industry plays a critical role in mobilising long-term savings and strengthening the financial system. FCMB Pensions has built a solid platform serving contributors across Nigeria, and we see a significant opportunity to support its continued growth and impact.” In his remark, the Group Managing Director of Odu’a Investment Company Limited, Mr. Abdulrahman Yinusa, said, “Our partnership with FCMB Group Plc reflects confidence in FCMB Pensions’ strategy, leadership, and long-term potential. Together, we will work to expand its reach, support its strategic objectives, and deliver sustained value to contributors and other stakeholders.” About Odu’a Investment Company LimitedOdu’a Investment Company Limited is a leading investment holding company jointly owned by the governments of the six Southwest states of Nigeria. The company manages a diversified portfolio across real estate, financial services, hospitality, agriculture, and industrial investments, with a mandate to generate sustainable economic value and support regional development. About FCMB Pensions LimitedFCMB Pensions Limited is a licensed pension fund administrator regulated by the National Pension Commission (PenCom). The company provides retirement savings administration and pension management services to individuals and institutions across Nigeria. As of December 2025, it has over ₦1.1 trillion in Assets Under Management (AUM). Signed:Victor AyetoroHead, Branding & Communication

In a strategic move reinforcing its commitment to financial excellence and grooming leadership from within the Group, the Board of Odu’a Investment Company Limited (OICL) has announced the appointment of Mr. Abiodun Olamide Bamiduro as an Executive Director and the Group Chief Financial Officer (GCFO), effective January 2, 2026. Mr. Bamiduro, a Fellow of The Institute of Chartered Accountants of Nigeria (ICAN), is promoted from within, having served as the Group’s Financial Controller since 2021. His tenure as Financial Controller was marked by significant contributions, including leading the committee that achieved OICL’s first Credit Rating by Agusto & Co, chairing the implementation of a cost-saving Group-wide ERP system, and establishing a robust internal financial control framework. Commenting on the appointment, the Chairman of OICL, Otunba Bimbola Ashiru, stated: “Mr. Bamiduro is a strategic business leader who has demonstrated an unparalleled understanding of our company’s vision. His exemplary leadership in enhancing our financial governance and driving efficiency gave the Board full confidence that his elevation will provide the strategic stewardship required for our next phase of growth and value delivery to our shareholder states.” Prior to joining OICL, Mr. Bamiduro spent over 2 decades in the energy industry, which includes a notable 15-year career with Transocean, a global leader in offshore drilling. There, he rose to the position of Finance Manager for Nigeria & Africa Remote Operations, making history as the first Nigerian and African to hold full financial responsibility for one of the company’s largest operational regions. His expertise is comprehensive, covering financial control, treasury, tax management, and complex financial integrations. His strategic acumen is further recognized through his current roles as a Non-Executive Director on the boards of some OICL subsidiaries, including LAGOS AIRPORT HOTEL LTD. The Group Managing Director, Mr Abdulrahman Yinusa, in his remarks stated: “This appointment reflects our core practice of rewarding exceptional talent. Mr. Bamiduro’s strategic financial expertise has been pivotal in strengthening our strategic plan. We are confident he will provide the leadership necessary to accelerate our growth and deliver enhanced sustainable value.” In his new role, Mr. Bamiduro will join the Board of OICL and assume full responsibility for OICL’s group-wide financial strategy, encompassing capital management, financial planning, investor relations, and financial integrity across the diversified holding company.