The Company, Wemabod Limited was formerly known as Nabani Estates Limited. Incorporated in September 1962 as a wholly owned subsidiary of the defunct National Bank of Nigeria Limited.
Nabani Estates Limited was later sold to Western Nigeria Marketing Board where the name Wemabod was derived. By the incorporation of Odu’a Investment Company Limited, in 1976, Wemabod effectively became a subsidiary of ODUA Group of Companies.
WEMABOD Limited remain one of the institutional investing companies pooling large sums of financial resources and investing same in securities, real estate assets and other investments vehicles. Over the years, Wemabod Limited has created products that are often pocket-friendly as well as being equally environmentally friendly.
The company is driven to be a first-class customer-focused real estate solution provider geared towards consistent growth and maximizing returns to our investors/shareholders. WEMABOD LTD. is one of the largest property companies in Nigeria with a wide range of commercial, industrial and residential properties in its portfolio.
Real estate assets in Wemabod Ltd portfolio are located in strategic areas like Ikoyi, Lagos Island, Surulere, Abuja, Portharcourt, Ikoyi, Apapa, Ibadan, Akure etc.
Real Estate in Nigeria is undeniably a lucrative sector and it is one of the most reliable investment vehicle in the country. The sector is also noted for its contribution to the nation’s GDP on a consistent basis. Real Estate practices involve the purchase, ownership, management, rental and/or sale of real estate asset to generate income and capital appreciation. Nigeria’s rising booming economic activities and population growth is a sure panacea for increase demand for housing and workspaces. The real estate sector is the fifth largest contributor to the Nigerian economy.
The burgeoning interest in the Nigerian market is due to the huge demand buoyed by the increasing urban population. Most organizations in Nigeria (both public and private), mix real estate with other forms of investment in their asset portfolio as a means of diversifying their investment portfolio.
That is why Wemabod Limited is strategically positioned to offer real estate investment solutions, thereby helping individuals to achieve their dreams of property ownership, enhancing value for such assets and optimizing capital appreciation.
Comparable to every other business endeavour, the journey of Wemabod Limited in achieving its property development and management objectives has had its own fair share of challenges.
However, the company has always thrived on a philosophy of rising above the storm and continually reinventing itself even as the company recently reposition after a rigorous strategy review exercise conducted by management in conjunction with KPMG professional services. This is more so and critical as the company strives to attain a high degree of professionalism, efficiencies and consistency in its operations whilst continuing to ensure superior returns to all categories of investors/ shareholders.