Board Of Directors


ERELU ANGELA ADEBAYOErelu Angela Adebayo was born on the 23rd of September, 1958 in far away United Kingdom.Erelu Angela Adebayo has been appointed the chairman of Wemabod Estates Limited (A subsidiary of Odu’a Investment Company Limited)She holds a Bachelor of Science honours in Social Science and a Master in Business Administration. In addition to this, Erelu Adebayo holds an MPHL (Cantab) in Land Economy from the University of Cambridge. She has caught her niche in the banking, and oil sectors of the economy. She sits on the board of so many companies amongst which include DN Meyer Plc and Dangote Foundation.

Erelu Adebayo was the first lady of Ekiti State between 1999-2003.A traditional chieftaincy titles holder in Ekiti State, (Aare Erelu of Ado Ekiti and Erelu of Iyin Ekiti).She is married with children.The Chairman has since assumed duties and has paid working visit to some of the Wemabod ongoing projects in many parts of Lagos.




He is a graduate of Estate Management from the University of Lagos, Akoka, Yaba, Lagos. He obtained his Master in Estate Management also from the University of Lagos in 2007 and added yet another cap in 2009 with a Master in Facilities Management from the same Univeristy.
Ologun who also made a Upper credit in Town & Regional Planning from the Lagos State Polytechnic, Isolo in 1987, comes with a very powerful private sector experience from UACN Property Development Company Plc, where he was the Estate Manager, Business Properties and was later transferred to MDS Logistics (a division of UACN Plc) as Assets and Services Manager before this appointment.
The Managing Director,has vast experience in Property Management, Facilities Management, Project Management etc. and he is an Associate member of the Nigeria Institution of Estate Surveyors & Valuers and also a member of the International Facilities Management Association.
Ologun has also attended International Real Estate Management professional courses in Ghana and South Africa.
He is married with Children.


High Chief (Surveyor) J. A. A. Fagbamiye is a non-executive director, representing Ondo State. He hails from Ile-Oluji in Ondo State. A 1967 graduate of Geography from the University of Ibadan, Fagbamiye, the Lisa of Ile-Oluji Kingdom, retired from the Ondo State Public Service in 1993.

Fagbamiye, a retired Surveyor-General of Ondo State, attended School of Survey, Oyo, in Oyo State, School of Military Surveys, Berkshire, United Kingdom, the Institute of Aerial Surveys & Earth Sciences, The Netherlands.

High Chief Fagbamiye, a holder of not less than eleven chieftaincy titles, also belongs to so many professionals bodies, notably, member, Nigerian Institution of Surveyors (MNIS), member, Nigeria Institution of Management (MNIM), member, Third World Association of Remote Sensing (MTWARS) and life member, Planned Parenthood Federation of Nigeria.

His hobbies include reading, listening to music and fish farming.

He is married with children.


DR. ISMAIL ADEBAYO ADEWUSIAn Economist, Corporate Strategic Planning and Business Development Expert,Dr. 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 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. Dr. Adewusi 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 the immediate past chairman 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 from 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(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.


ADEBAWO OLUTOKUNBO OWOLABI: is the Executive Director of Finance & Administration. He obtained a B.Sc (Education) Geography from the Ogun State University now Olabisi Onabanjo University Ago-Iwoye in 1986. A Post-Graduate Diploma in Financial Management (PGDFM) from the Obafemi Awolowo University, Ile-Ife in 1988 and Masters in Business Admin from University of Ibadan in 2009.

Adebawo is a fellow of the Institute of Chartered Accountants of Nigeria.

He is also a fellow of the Chartered Institute of Taxation of Nigeria.

In the Odua Group, he worked at The Nigeria General Insurance Company between 1989 and 1998 in various capacities before being transferred to the Group Head Quarters – Odua Investment Company Limited where he served as the company accountant and the Financial Account Manager between 1998 and 2007.