‘Okitipupa Oil Palm Plc repositioned for better performance’
By Adekola Afolabi
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The new management committee of the Okitioupa Oil Palm Plc in Ondo state has revealed that the company has been restructured and repositioned for a better service delivery for its customers.
The palm oil company established over 50 years ago had been in comatose over the years with little or no production following what the new management referred to as bad management and ineffective handling of the company by the past management team.
Addressing journalists in Akure, the Ondo state capital, Adewale Osomo, a Director and Chairman of the management committee, said the 12,474 hectares palm oil plantation had suffered deliberate long abandonment due to bad management, adding that the new management team was carrying out what he called “corporate restructuring” to make the company viable and effective again.
According to him, technology would be deployed to further enhance the production level of the palm oil company.
Flanked by Taiwo Adewole, the Chief Executive Officer of the company, and Kayode Aroloye , a member of the management committee, Osomo explained that four areas which include finance, operation, personnel and share holders have been identified for the company to return to profitability.
He stressed that the new management committee would take the company back from cabals, cartels and armed gangs who have had taken over the and also operated their own oil mills in various parts of the plantation.
Osomo noted that with the restructuring being carried out, the company will be recovering 8.4 million bunches annually which would be a huge revenue for the company, just as he added that all ghost workers would flushed out of company.
He further said old trees would be gotten rid of and new ones would be planted with new breed and that within the next seven years there would be new OOP Plc that everybody would be proud of.
He added that the company was poised to provide employment opportunities and be a catalyst for socioeconomic development of the host communities and the state at large.