His Imperial Majesty, Oba Adeyeye Enitan Ogunwusi, Ojaja II, the 51st Ooni of Ife, has been appointed Chairman of the Board of Directors of Amaranta Oil & Gas Development Company Limited.
The appointment adds a new corporate responsibility to the traditional role of the monarch, who has continued to participate in initiatives focused on investment, economic development and the promotion of opportunities in Nigeria.
As Chairman of the board, the Ooni is expected to provide strategic leadership and oversight as the company pursues its objectives in the oil and gas sector.
The appointment also highlights the growing involvement of traditional institutions and their leaders in Nigeria’s business and economic development landscape.
Oba Ogunwusi, who ascended the throne as the 51st Ooni of Ife, has been involved in various business, social and developmental initiatives since becoming monarch.
His latest appointment is expected to further strengthen his involvement in the private sector and the country’s broader economic activities.