Board Of Directors

Prince Emmanuel Oluwole Adegboro is the Director representing Ondo State on the Board of Wemabod Estates Limited. Prince Adegboro holds a Bachelor of Arts degree, and Masters in Public Administration. He attended prestigious institutions like The Federal Polytechnic, Akure ( now in Ado-Ekiti, Ekiti State) and University of Ife(Now Obafemi Awolowo University).He served the nation in his capacity as a commissioned officer of the Nigerian Army and retired from the military as a captain in 1978, from where he went into active Politics.

A politician of high repute, he has held several political appointments at various levels ranging from chairman, adviser and as commissioner in several ministries in the  Ondo State cabinet. His desire for excellence earned him the most outstanding state commissioner in Ondo state for 2002/2003

He is also a publisher and author.

An active student member who held various students leadership positions while as a student  in the then University of Ife.

Prince Adegboro cut his niche in academic cycles first as  an Assistant Registrar and then member, Governing Councils of the Federal University of Technology, Akure and the Adekunle Ajasin University, Akungba, Akoko respectively.

His hobbies are reading, writing,  and singing.

He is presently the Chairman of Wemabod Estates Limited .

He is married with children.


DR. ISMAIL ADEBAYO ADEWUSIAn Economist, Corporate Strategic Planning and Business Development Expert, Dr. Adebayo Adewusi who attended the University of Ife (now Obafemi Awolowo University) graduated with a First Class Honours in Economics and carted home three distinguished awards and prizes on graduation, He later obtained his degree with distinction from the same University before proceeding to Japan where he obtained his PhD in International Monetary Economics from the Keio University Tokyo in 1993, as a Monbusho Scholar.

Dr Adewusi on return to Nigeria also obtained his Bachelor of Law(LLB) Degree from University of Lagos in year 2000. He worked as Assistant Lecturer in the Department of Economics at Obafemi Awolowo University Ile-Ife as a Research fellow/Economist at the Japan Centre for International Finance, Tokyo, where he did extensive research on Japanese Financial Systems and Markets, Corporate Finance and Financial Liberalization. He also conducted macro economic analysis and country-based studies of Ghana, Malawi, Tanzania and Zimbabwe before and after the Structural Adjustment Programme (SAP).

He worked at Lead Merchant Bank Limited between 1994 and 2000.He also served as Managing Director /CEO of IBILE Holdings Limited Space (The Investment Company of Lagos State Government between 2000 to 2004.Coming from a rich private sector background, Dr. Adewusi also had a stint in the public sector where he served as the Honourable Commissioner for Finance and Economic Planning and Budget in Lagos State between 2004  and 2006. Dr. Adewusi has served in several high profile Organizations as Directors.

Among others, he served in Skye Bank PLC, Lasaco Assurance plc, United Textile
plc, V-mobile Telecommunications etc.He is also a past Chairman of the Board of Wemabod Estates Limited

Dr. Adewusi is a member of a number of professional, Transnational and Social
bodies, Notably, Institute of Directors, Nigerian  Economic  Society, Nigeria Economic Summit Group, Nigeria Japan Association and Ikoyi club 38. He is also an Alumnus of the Lagos Business School.


Deacon Poju Adeyemi is a Director representing Ogun-State on the Board of the Company.

He is a product of the University of Nigeria, Nsukka, from where he obtained a B.SC degree in Business Administration. He is also a product of the Yaba College of Technology, Yaba,Lagos as well the University of Connecticut Harliford, U.S.A where he studied Public Service Management.

A seasoned Administrator of note,he was Permanent Secretary, Ministry of Commerce and Industry(1987) and was also Permanent Sectary, Civil Service Commision (1988), as well as Director-General, Teaching Service Commission(1989) and Director-General, Hospitals Management Board(1991).

In furtherance of his accumulation of wealth of administrative experience, he was appointed Secretary to the Ogun-State Government (1992-1994) and again as Secretary to the Ogun State Government between 1999 and 2003.

He is married with children.


Ayo Afolabi read Management Studies at Yaba College of Technology, Lagos and holds a Diploma of the British Institute of Marketing and a Masters Degree in Communication Arts (MCA) from the University of Ibadan, Nigeria. He is a member of the Nigerian Institute of Public Relations and the British Institute of Marketing.

His experience spanned both the Public and Private sectors. This include: The Nigerian Ports Authority, GBO Division of UAC of Nigeria Plc, Joas Electrical Industries and its subsidiaries – Bodefoam Nigeria Limited and Atlantic Carpets Ltd. He is a Public Relations Practitioner

He served as Special Adviser to Chief Bisi Akande between 1999 and 2003

Ayo Afolabi is widely travelled and is married to Bose Afolabi; they are blessed with four adult (4) children who are professionals in their own right.


Mr. Kayode Alufa is the Director representing Ekiti-State on the Board of the Company.

Mr. Kayode Alufa B.Sc., MBA, attended prestigious institutions like The Polytechnic, Ibadan 1974-1976, University of Ife, now Obafemi Awolowo University 1976-1981, and University of Ado Ekiti 2000-2001.He is an astute businessman who started his business career over 30 years ago as a University graduate. He is a politician of high repute,  close to his home base and well respected at home and abroad.

He has over the years done well in his business concern which include Insurance, Banking, Agriculture and Engineering. This culminated in him being a director of various companies like Glanvill Enthoven &Co (Insurance Brokers), Hans Insurance Brokers, Metropolitan Consortium Nigeria Limited (engineering consultants), and Cordquote Limited (Civil Engineering Contractor) among  others. He is also a past Chairman of the Board of Wemabod Estates Limited

In public life he worked as the First Executive Chairman of Ekiti State Housing Corporation (2001-2003) where he pioneered a lot of projects.
He is married to Funmilayo Alufa and the union is blessed with a son