The Company, Wemabod Estates Limited (WEL) 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 Estates 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.