About Us
Wemabod
Wemabod Limited was Incorporated in September 1962 as a wholly owned subsidiary of National Bank of Nigeria Limited. Nabani Estates Limited was later sold to Western Nigeria Marketing Board where the name Wemabod was derived. At the incorporation of Odua Investment Company Limited, in 1976, Wemabod effectively became a subsidiary of Odua, and took over management of Odua’s Real Estate assets valued at over 60 Billion Naira. Wemabod Limited is a leading real estate and property development company. In business operations for over six-decades now, the firm holds a cumulative Real Estate portfolio of properties valued to be more than 100 Billion Naira; consisting a mix of commercial, industrial, and residential properties across several cities in Nigeria.
Share Capital
The authorized share capital is 35,000,000 ordinary shares of N1.00 each out of which 26,015,434 ordinary shares of N1.00 each is fully paid. Odua is the major shareholder of the company..
Vision
To be the flagship real estate solution provider with exceptional customer service and profitability in our chosen sectors
Mission
To be a first-class customer-focused real estate company geared towards consistent growth and maximum returns to our shareholders
Our journey
From Property Management to Property Development
Our story is one of evolution and growth, transitioning from property management to property development and the establishment of Westlink Facility Management Limited as a subsidiary. Wemabod has spearheaded several notable projects, including:
Luxury Residential Estate at Ikoyi Crescent, Lagos:
A premier residential development offering luxurious living spaces.
Remodeling of Unity House, Marina:
Transformed into luxury mixed-use apartments, enhancing the urban living experience.
Serenity Estate along Lekki/Epe Expressway:
A modern residential development providing a serene and comfortable living.
Development in Ado Ekiti:
Contributing to regional growth with quality residential and commercial properties.
Our asset
Our asset and property portfolio has seen substantial growth, achieving an A- rating from Agusto & Co. This rating reflects our robust operating cash flows, stable earnings, and a strong occupancy rate of nearly 90% across our diverse property portfolio. Our diversified income stream and innovative project financing strategies have been pivotal in our sustained revenue growth and low leverage.
Our Core Values
Customer Focus
Passion For What We Do
Commitment To Excellence
Integrity
Team Work
Respect For Time
Our Services
Property management
Let’s help you maximize the value of your residential, commercial, and industrial property through expert management.
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Property Development
Innovative development projects that enhance urban and regional landscapes.
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Feasibility and Viability Studies
In-depth analysis and studies to assess the feasibility and viability of real estate projects and properties.
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Third-Party Property and Development Management
Professional management of properties and development projects on behalf of third parties.
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Testimonial
Clients Feedback
About Us
Our Story
The Company, Wemabod Estates Limited (WEL), now known as Wemabod Limited was formerly known as Nabani Estates Limited. Incorporated in September 1962 as a wholly owned subsidiary of National Bank of Nigeria Limited. Nabani Estates Limited was later sold to Western Nigeria Marketing Board where the name Wemabod was derived. At the incorporation of Odu’a Investment Company Limited, in 1976, Wemabod effectively became a subsidiary of Odu’a.
Wemabod Limited is one of the largest property companies in Nigeria with a wide range of commercial, industrial and residential properties in its portfolio.
The authorized share capital is 35,000,000 ordinary shares of N1.00 each out of which 26,015,434 ordinary shares of N1.00 each is fully paid. Odu’a Investment Company Ltd is the owner of the company.