WEMABOD to commence analysis of current assets in Q1 2025

The newly-inaugurated  Board Chairman of WEMABOD Limited, Engineer Nureni Adisa,  has unveiled the board’s plan to commence a comprehensive analysis of the present assets of the company and initiate repositioning strategies in the first and second quarters of 2025, as part of the board’s two-year plan.

Engr. Nureni disclosed this shortly after his inauguration as the company’s Board Chairman in Lagos, on Monday.

He added that the board would also be establishing a robust framework that would enable it to secure diverse financing options, and also launch an operational excellence program between the last quarter of 2025 and 2026.

The new WEMABOD boss explained that the operational efficiency initiatives are designed to enhance productivity across all departments and encourage performance through incentives and other motivational efforts.

As part of the board’s efforts at developing talents within the company’s workforce, the board, he stated, would also, in 2026, be implementing a comprehensive training and mentorship program to develop the company’s workforce and promote a culture of innovation.

He commended the out-gone Chairman, Mr. Emmanuel Efuntayo,  for his outstanding contributions to the growth of the company, and whose leadership, he added, had laid a solid foundation for the company’s future progress.

In his farewell speech, the immediate past Chairman of the company expressed delight at the accomplishments of the numerous milestones under his watch.

Besides strengthening the company’s corporate governance by introducing independent directors to its board, his leadership, he added, also invested significantly in training and development for its directors. This, he explained,  was to ensure they were well-equipped to navigate the complexities of corporate governance and risk management.

While welcoming the new chairman, the company’s Managing Director, Oluyemi Ejidiran, who also, will be retiring on December 19, this year, commended the immediate past Chairman for putting the company on growth path.

The company’s Executive Director, Business Development, Mr. Bashir Oladunni described the outgone Chairman as an achiever, who was able to achieve 75 percent of his set goals within the first year of his tenure.

“His achievements, while here is a challenge for us. What it means is that he has set a mark, which we can not afford to go below,” said Oladunni, who is expected to take over from Ejidiran as the company’s chief executive in December.

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