Custodian Investment Plc. is an investment company with significant holding in companies and brands including Custodian and Allied Insurance Limited, Custodian Life Assurance Limited, Custodian Trustees, Crusader Sterling Pensions Limited and UACN Property Development Company Plc. all rendering best in class services in their respective spheres.
The Company is managed by a Board comprising thoroughbred professionals with proven track records in their various fields of endeavour, who brings broad and deep insights derived from several years of fruitful and eventful years of experience to bear on the direction of the Company.
Currently, with group-wide assets under management (AUM) in excess of NGN 300 billion (approx. $1b), the Company ranks high among eminent players in Nigeria’s Other Financial Services Sector of the economy.
To be the preferred partner in creating and preserving wealth.
Dr. Omobola Johnson holds a B.Sc. in Electrical and Electronics Engineering from University of Manchester, an M.Sc. in Digital Electronics from Kings College, University of London as well as a Doctor of Business Administration from Cranfield University. She is the erstwhile Minister of Communications Technology, past Chairman Accenture Nigeria, Founding Chairperson of Women in Management and Business (WIMBIZ) and a fellow of the Aspen Global Leadership Network (AGLN).
She brings over thirty years of corporate experience involving the private and public sectors both locally and internationally to the Board of the Company and presently serves as non-executive director on the Boards of several Companies.
Wole is the founder and Managing Director of Custodian Investment Plc., a financial services group with interests in Life Insurance, General Insurance, Pensions and Trusteeship. He is an industry leader with over thirty (30) years’ experience and has at various times been a member of the Presidential Committee on Pension Reforms, Chairman of the Nigerian Insurers Association, Council Member of the West African Insurance Companies Association (Ghana) and External Lecturer – West African Insurance Institute, Banjul, The Gambia. He sits on several Boards including the International Insurance Society, New York as well as Council member of the African Insurance Organization (Cameroun), Nigerian Insurers Association and Advisory Board Member of the Commonwealth Enterprise and Investment Council (United Kingdom). He has received numerous awards including a nomination as “African CEO of the Year” by African Reinsurance Corporation.
A graduate of Actuarial Science and a Chartered Insurer by Profession, he holds the Doctor of Finance (Honoris Causa) and is a Fellow of the Chartered Insurance Institute of Nigeria, The Risk Managers Society of Nigeria and the Association of Investment Advisers and Portfolio Managers. He is a past President of the Lagos Business School Alumni Association (LBSAA), as well as an alumnus of the Harvard Business School.
He spends his free time doing philanthropic work through the WATO Foundation which runs the WATO Group of Schools. Wole is a firm believer in the building and transformation of the economy through the development of Risk management and Insurance.
Mr. Richard Gboyega Asabia is the Chairman, Custodian Life Assurance Limited (CLA). A 1983 graduate of the London School of Economics (University of London) and 1989 graduate of the University of Wales, Cardiff, UK, he holds a Bachelors Degree in Law and a Masters Degree in Business Administration.
He is a qualified Barrister and a Fellow of the Chartered Institute of Stockbrokers. He served at various times as a Director on the Boards of First Interstate Bank Plc, Banque International Du Benin, Future Unity Glanvills Ltd and as Chairman, Crusader Nigeria Plc. He is Managing Director/CEO of Interstate Securities Limited and currently sits as a Director on the Board of CrusaderSterling Pensions Limited and as Independent Director of Unity Bank Plc.
Mrs. Mimi Ade-Odiachi is a seasoned professional and entrepreneur with over three decades experience in Non-Bank Financial Services (Insurance), Hospitality Management and Landscape Architecture. She holds a Bachelor’s Degree in Insurance from the University of Lagos. She is also a chartered Insurer. She is an Executive Director at Whispering Palms Hotels & Resort. She is also the Founder and Chief Executive Officer of Omar Gardens Floral Company. She is currently serving as the Chairman of Custodian Social Responsibility Foundation.
Mr. Dikko obtained his LL.M [Corporate & Commercial Law] degree from the Queen Mary & Westfield College, University of London, England after obtaining his LL.B from the University of Buckingham, England. He was called to the Nigerian Bar in 1990. He has worked in a variety of roles and industries that span corporate finance, banking and information technology and telecommunications. He worked at Kenneth Michael & Co between 1991 and 1992 and was on the team responsible for setting up the first discount house in Nigeria and was chairman of the discount house from 2002 - 2012. He also worked as Executive Director in Resourcery Plc. from 2000 to 2007 and is currently Vice President (Regulatory & Corporate Affairs) with EMTS Ltd (trading as Etisalat Nigeria).
Ravi is a Partner with Aureos Nigeria Advisers Limited with over 10 years’ experience obtained in the fields of private banking, investment banking and private equity. He joined Aureos in 2001 as a consultant and was a key member of the local team that participated in the establishment of the Aureos West Africa Fund LLC (AWAF) in 2003; which included opening a new office for Aureos in Nigeria and subsequently the Aureos Africa Fund LLC (AAF) in 2008. Prior to joining Aureos Nigeria Advisers, Ravi worked for Aureos Ghana Advisers, where he was involved in 11 exits from Ghana Venture Capital Funds (GVCF) portfolio companies.
Since relocating to Nigeria, Ravi has been responsible for sourcing, structuring, monitoring and exiting investments across various sectors. He has been instrumental in the investment of over US$65 million of Aureos Funds in Nigeria. He was also responsible for the partial divestment from two of the AWAF portfolio companies in Nigeria. Ravi sits on the board of nine (9) Aureos portfolio companies. His previous experience was gained in private and investment banking with Barclays Private Bank (London) and TAIB Bank (London). Ravi holds an MBA from the University of Wales and has a B.Sc. in Economics & Accounting from the City University, London.
Mr. Kunle Ade-Ojo is the Managing Director of Toyota Nigeria Ltd. A graduate of Mechanical Engineering from University of Reading, he also holds an M.Sc in Automotive Product Engineering from Cranfield University, both in the United Kingdom. As a Global Management Associate, he worked extensively in different operational departments while at Toyota Motor Sales, USA. He returned to Nigeria as the Business and Strategic Development Manager of Toyota (Nigeria) Limited and rose through the ranks. He was the Executive Director with Toyota Nigeria Limited until his appointment as the Managing Director of the Company.
As the Managing Director, within his second year of leading the Company he saw to the establishment of Toyota Assembly Plant in Nigeria. He also supervised the assembly and test of the first Hiace bus assembled in the plant. He has attended various Executive Management Programmes both at the Lagos Business School and the Wits Business School, South Africa. He is a member of Council, Lagos Chamber of Commerce and Industry and also a member of the Institute of Directors of Nigeria.
He is an astute business man who is quick to recognise business opportunities.
Central to Custodian’s operation is our vision to be the preferred partner in creating and preserving wealth, fuelled daily by a relentless resolve to provide innovative insurance products that meet our customer needs, whilst ensuring we remain efficient and productive.
We will continue to leverage our strength as a group to support each and every subsidiary in their quest to achieve market leadership in their respective categories.
With increased financial capacity combined with the energy produced by a crop of dedicated, young and vibrant members of the organization, with many who are professionals in their various fields, Custodian is poised to be the leader not only in Nigeria but in the Continent in the foreseeable future.
Custodian recognises that its operations and activities impact the environment, economy and society. It has therefore organised its affairs in a manner that ensure they are carried out positively and in a forward looking manner, by facing up to its role in the realm of Corporate Social Responsibility and an Agent of Sustainable Business Practices especially at a time the world is facing increasing environmental, social and governance challenges which present diverse, interconnected and complex risks as well as opportunities that must be prudently managed.
Custodian is committed to sustainable development of its environment through proper governance and risk-management methods. We have consistently been environmentally conscious by promoting energy efficiency, reducing emission and CFCs, favouring electronic and digital storage over hard files among others to the delight of our internal and external stakeholders.
We also encourage companies that utilize organic recycled materials in manufacturing by sourcing from them. It is our ultimate aim to operate in a paper-less environment and so, our members are constantly encouraged to communicate via electronic systems to paper use to the barest minimum; earning us a number of notable mentions in various national and international award circles to the pleasure of customers and shareholders.
Our suppliers are selected in a manner that ensures they are not firms involved or engaging in practices promoting child labour, environmental damage. Perhaps the boldest testament to this is Custodian and Allied Plc’s emergence as the first Nigerian direct underwriter to become a member of the United Nations Environment Programme Finance Initiative (UNEPFI) and a signatory to its Principles for Sustainable Insurance Initiative launched at the Rio+20 UN Summit on Sustainable Development in June 2012. (see http://www.unepfi.org/psi/ ).
We are a best practice company that has consistently delivered superior performance and do not engage in unhealthy practices capable of negatively impacting the general financial sector. We provide professional service whilst embracing our ethical value system, delivering service to our numerous clients and at the same time reaching out to the general public with products designed with all classes of clients in various business groups in mind.