Wemabod Estates has grown considerably since its inception in 1962, as Nabani Estates (the original company) then owned only eight properties all of which were in Lagos and Apapa. However, the properties portfolio was soon expanded when other developments, including the impressive Cocoa House, Ibadan, were bought from the National Investment Company (NIPC) by the Western Nigeria Marketing Board and later transferred to Wemabod. A further bonus acquired from the same source was the 8 ‘A’ Shares of 1 pound each and 4,992 Ordinary Shares of 1 pound each; in the Lapal Property Company Limited which gave Wemabod effective ownership.