The Western Nigeria Development corporation that preceded the Oodua group was formed to invest in the economy of the western region in particular and maybe that of other places in general but successful companies like MTN Nigeria and Dangote group were listed in Nigeria without the Oodua investment company being reported as having acquired stakes. The stakes they had in Guinness Nig and IBPlc have been disposed of while money is being spent on projects and ventures whose profitability or success is not certain. It is unfortunate but the situation can be easily redeemed because the company can afford to invest ten billion naira every other day if there is need for that because the money can be easily raised from the economy of the owner states.

Thesame is true for other parts of Nigeria and indeed the whole globe.

I wonder what can be the reason for selling a stake in a comoany like Guinness Nigera. What can be the reason for not acquiring stakes in the best and most valuable companies listed publicly in Nigeria which is MTN and Dangote. Given that you do not need the permission of the board of a public company before bringing your money to invest and these are companies serving over one hundred million customers that all our people are buying from!

The details, particularly of value of assets and liabilities of a company owned indirectly by millions of people should be accessible online by anyone. Oodua group is an institutional investor which is probably the first of it's kind on Earth. All institutional investors like Vanguard group and etc have all details about them available online. How come there is no such information on Oodua group available anywhere online? Even as the Oodua group is one of the oldest among these companies? It is a question begging for an answer.

List of biggest institutional investors

https://www.wallstreetprep.com/knowledge/largest-institutional-investors/

Covenant university paper on Oodua investment company
https://www.academia.edu/40149432/Bleeding_the_Commonwealth_An_Assessment_of_Odua_Investment_Company_Limited_1985_2008

Hmmm

There is a need to know the value of stock owned by Oodua group that has been sold by the SW leadership since the beginning of the current democracy. The conglomerate was the biggest in Africa and how much is left should be public knowledge. For all we know, twenty billion dollars may be missing.