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Announcement Governance 1 min read

New Board of Directors inaugurated

A new Board of Directors of Obafemi Awolowo University Investment Company Limited was inaugurated on 7 October 2026 and has begun a review of every subsidiary.

Office of the Company Secretary

A new Board of Directors of Obafemi Awolowo University Investment Company Limited (OAUICL) was inaugurated on Wednesday, 7 October 2026. The Board is chaired by Sir Demola Aladekomo.

Over the three days following its inauguration, the Board visited every operating subsidiary — OAU Press, OAU Table Water, the OAU Bookshop, UNIFECS and the Conference Centre and Guest Houses — and met the management of each.

To establish an independent and verified baseline, the Board has commissioned a business audit and transformation plan. Proposals are invited from qualified firms.

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Official notices from OAUICL that are open now.

Request for proposals Open Ref. OAUICL/BOD/2026/024

Business Audit and Transformation Plan

By order of the Board of Directors

The Board invites proposals from firms able to carry out an independent business audit of OAUICL and its subsidiaries, and to prepare a costed, sequenced transformation plan.

Closes 12:00 PM, Friday 4 December 2026