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    Home»Nigeria Economy»Cocoa House clocks 60 as Odua Group pledges preservation
    Nigeria Economy

    Cocoa House clocks 60 as Odua Group pledges preservation

    NigeriaNewzBy NigeriaNewzAugust 19, 2025No Comments4 Mins Read
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    Bimbo Ashiru, Group Chairman of Odua Funding Firm Restricted, has mentioned that the conglomerate is dedicated to creating the Cocoa Home not only a monument to the previous, however a hub for the longer term, integrating fashionable infrastructure, sustainable practices, and cutting-edge amenities, whereas preserving its soul.

    Ashiru, whereas talking on the grand finale of the sixtieth of the Anniversary monument held on the Cocoa Home premises, mentioned Cocoa Home stays a residing chapter of the Yoruba story, representing resilience, modernity, and financial power.

    “We’ve been reminded that Cocoa Home was not born of likelihood. It was born of imaginative and prescient. Within the early Nineteen Sixties, on the very top of Nigeria’s cocoa increase, the leaders of the Western Area dared to dream of a business tower that will stand as a logo of prosperity and modernity.

    “That dream turned actuality in 1965, when this 26-storey masterpiece opened its doorways—then the tallest constructing in tropical Africa. Think about the thrill of that point: a post-independence Nigeria, with cocoa farmers within the West watching because the proceeds of their labour have been became this towering proof that Africa may design, finance, and construct to world-class requirements.

    “So at 60, it isn’t slowing down; it’s standing taller than ever, calling us to match its resilience with our personal. So, the Home, at 60 years previous, is not only a constructing we work in; it’s a residing, respiration chapter of our collective story as a folks”, he mentioned.

    Recalling the tragic inferno of January 9, 1985, which claimed lives and devastated the constructing, the Group Chairman said that its rehabilitation was a logo of defiance and resilience.

    “However historical past, as we all know, will not be a straight street. The story of Cocoa Home took a tragic activate January 9, 1985, when fireplace swept via the constructing. Lives have been misplaced. Households have been shattered. And for a lot of, it felt like the guts of Ibadan itself had been wounded.

    “At the moment, as a part of this celebration, we pause to honour those that perished that day. Allow us to keep in mind them not solely with sorrow, however with the information that their sacrifice is endlessly woven into the material of this constructing’s legacy. Might their souls relaxation in good peace.

    “The inferno may have been the top of Cocoa Home. However simply as our forebears constructed it with braveness, so too did the technology after rise with resilience. Step-by-step, brick by brick, the constructing was rehabilitated and restored to life, and as soon as once more open for enterprise. That restoration was greater than building work; it was an act of defiance, an announcement that we are going to not be outlined by our setbacks, however by our comebacks.

    “Since then, Odu’a Funding Firm Restricted has been custodian of this legacy, preserving its historic worth, protecting it useful for tenants and companions, and steadily modernizing it to fulfill new calls for however assured that the present board would proceed to protect Cocoa Home as each a historic landmark and a contemporary hub of enterprise”, he added.

    Ashiru nonetheless expressed appreciation to shareholders, boards, administration groups, enterprise companions, and tenants for his or her collective stewardship, stressing that the diamond jubilee was a testomony to their dedication.

    Abdulrahman Yinusa, the Group Managing Director (GMD) of OICL, described the skyscraper as “an announcement of imaginative and prescient, enterprise, and excellence” that has endured since its inauguration in 1965.

    He recalled that the edifice, constructed from cocoa proceeds below the management of Obafemi Awolowo and inaugurated by Samuel Ladoke Akintola, symbolises the foresight and prosperity of the Yoruba nation.

    “Cocoa Home is our speaking drum, it calls us to recollect who we’re. She is our oríkì in stone and glass, telling the world of a individuals who may plant cocoa and harvest skyscrapers,” Yinusa mentioned.



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