Odu’a Investment Company Limited, the custodian of the iconic Cocoa House, on Wednesday marked the 60th anniversary of the historic building with a commemorative event in Ibadan, Oyo state.
Built in 1965 and standing at 105 metres (344 feet) with 26 floors, Cocoa House was the first skyscraper in West Africa and remained Nigeria’s tallest building until 1979. It was financed by the defunct Western Region Government using revenue generated from cocoa, timber, and rubber exports—making it a lasting symbol of agricultural wealth and visionary leadership.
Speaking with Journalists, Mr. Yemi Ajao, Executive Director, Business Development, Odu’a Investment Company, described Cocoa House as a monument to innovation, resilience, and purposeful leadership.
“Cocoa House, Africa’s first skyscraper, stands as a testament to innovation and resilience,” Ajao stated.
“Commissioned in 1965 after seven years of construction, this edifice has stood the test of time with no structural defects—an extraordinary feat in engineering and maintenance.”
A symbolic balloon release ceremony was held in the morning to commemorate the milestone. The event, held at the foot of the tower in Ibadan, drew dignitaries, business leaders, and staff of the Odu’a Group.
Ajao revealed that the company had undertaken significant rebranding and renovation projects in recent years to modernize the building while preserving its rich history. These include the upgrade of facilities on every floor to align with modern business standards, renovation of the reception area and parking facilities, and improvements to the surrounding environment.
“We have plans to install a fifth elevator in addition to the existing four to improve accessibility and convenience for tenants and visitors. More infrastructural upgrades are also in the pipeline,” he added.
Mrs. Abiola Ajayi, Company Secretary and Head of Legal Services at Odu’a Investment, while speaking with journalists emphasized the symbolic importance of Cocoa House and reaffirmed the company’s commitment to maintaining and building upon the legacy of the founding fathers.
“This 60th anniversary reminds us how far we’ve come. Cocoa House is one of the most iconic legacies left by our forebears, and we have the responsibility to enhance and sustain it,” she said.
“The recent renovations you see—the new reception, the upgraded car park, the general facelift—are just the beginning. Leadership is a continuum. The past leaders tried, the present ones are doing their best, and with collective effort, we can build even greater landmarks.”
Ajayi hinted that another landmark project, similar in magnitude to Cocoa House, would soon be commissioned by the company as part of its ongoing expansion and legacy-preserving agenda.
