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BlogsInvesting in Nigerian Real Estate from the Diaspora: Tips and Considerations

September 18, 20231

Many members of the Diaspora African community are drawn to the idea of investing in African real estate. For them, it represents a means of establishing a connection with their ancestral lands, contributing to local development, and potentially achieving financial security. However, managing real estate investments from abroad can present challenges. This blog post offers essential tips and strategies to help Diaspora investors make informed decisions for a prosperous and profitable venture in the Nigerian real estate market.

Top 10 Tips for Navigating the Nigerian Real Estate Market

Investing in African real estate from a distance can be a rewarding journey, both personally and financially. By following the recommendations below and adopting a patient, well-informed approach, you can simplify the process and enhance your chances of success in this promising market.

  1. Conduct Thorough Research – Begin by gaining a deep understanding of the real estate market in your chosen country or region. Explore factors such as market trends, property types, and pricing dynamics. Online resources, local real estate agencies, and industry reports are valuable sources of information.
  2. Establish Reliable Local Partnerships – Building trustworthy local partnerships is essential for successful real estate investments in Nigeria. Local partners can provide invaluable insights, assist with property selection, navigate regulatory hurdles, and ensure that your investments align with local market conditions.
  3. Understand Legal and Regulatory Frameworks – Each Nigerian state has its own legal and regulatory framework governing real estate transactions. These regulations can vary significantly, affecting property ownership, taxation, and investment structures. Consult with legal experts specializing in real estate in your chosen market to ensure compliance.
  4. Diversify Your Portfolio – Diversification is a fundamental strategy in investment. Spread your investments across different property types and locations to mitigate risks and maximize potential returns. Consider residential, commercial, and industrial properties in various regions.
  5. Leverage Technology and Data – In the digital age, technology has made remote real estate investing more accessible. Utilize online platforms, property listing websites, and data analytics tools to track market trends, identify opportunities, and conduct due diligence without being physically present.

Read also: Real Estate Investment in Nigeria: Is it truly Worth it?

  1. Assess Risk and Returns:- Every investment involves risk, and real estate is no exception. Conduct a thorough risk assessment, considering factors like market volatility, economic stability, and potential currency fluctuations. Balance these risks against expected returns to make informed investment decisions.
  2. Plan for Financing – Secure financing for your investments early in the process. Explore local and international financing options, including mortgages, private lenders, and partnerships. Having a clear financial plan is crucial to executing your investment strategy.
  3. Stay Informed and Adapt – The Nigerian real estate market is dynamic and subject to change. Stay informed about market developments, economic shifts, and regulatory updates. Being adaptable and willing to adjust your investment strategy is key to long-term success.
  4. Seek Professional Advice:- Don’t hesitate to seek advice from professionals such as real estate agents, lawyers, financial advisors, and property managers with expertise in African real estate. Their guidance can be invaluable in making informed investment choices.
  5. Start Small and Scale Gradually –  If you’re new to real estate investment in Nigeria, consider beginning with smaller, manageable projects to gain experience and understanding. As you become more comfortable with the market, you can gradually scale your investments.
Factors to Consider Before Investing in Nigerian Real Estate

Here are four critical factors to consider before investing in Nigerian real estate:

  1. Location –  The property’s location is a crucial factor. High-demand areas are likely to see higher appreciation in value compared to low-demand regions.
  2. Market Trends –  Understanding current market trends is vital for making informed investment decisions. Invest in properties aligned with these trends for potential appreciation.
  3. Property Type – Consider whether residential, commercial, or industrial properties align with your investment goals. Each property type comes with unique risks and rewards.
  4. Financing Options – Explore financing options available to you. Real estate investments often require significant capital, and understanding your financing options is essential.
The Pros and Cons of Investing in Nigerian Real Estate

Investing in Nigerian real estate, like any other opportunity, comes with its own set of pros and cons that must be carefully weighed before making a decision. Whether you’re an experienced investor or just starting, it’s essential to understand the benefits and drawbacks of investing in Nigerian real estate, especially from the Diaspora perspective.

Read also: 7 Predictions for the Luxury Real Estate Market in Nigeria

The Pros
  1. Steady Income Stream:** Nigerian real estate can provide a consistent source of rental income due to high demand for quality housing.
  2. Tangible Asset:** Real estate investments provide tangible, physical assets that can be seen, touched, and felt.
  3. Long-Term Appreciation:** Properties in Nigeria have historically appreciated in value over time, offering long-term investment benefits.
  4. Tax Benefits:** Real estate investments in Nigeria offer tax advantages, including deductions on mortgage interest, property taxes, repairs, and depreciation.
The Cons
  1. High Initial Investment –  Real estate in major Nigerian cities can require significant capital, making it less accessible to some investors.
  2. Lack of Liquidity – Selling a property in Nigeria can be time-consuming, and the market may lack liquidity during economic downturns.
  3. Property Management Challenges – Managing properties from afar can present difficulties, including tenant management and maintenance.
  4. Economic and Political Risk – Economic and political uncertainties can impact the real estate market, potentially leading to declines in property values and demand.

Conclusion

In summary, considering real estate investments in Nigeria can be a wise financial choice for those willing to conduct thorough research and carefully evaluate the pros and cons. While the potential for substantial returns is appealing, it’s essential to navigate the unique challenges of the Nigerian real estate market, such as construction costs and legal complexities. With dedication and effort, real estate investment in Nigeria can serve as a means to build lasting wealth and secure a financial future. By seizing the distinctive opportunities within this market, you can create a diversified investment portfolio capable of withstanding economic fluctuations and providing a reliable income stream for years to come.

 

Related:

Top 10 Places to Invest in Real Estate in Nigeria

10 Benefits of Investing in Real Estate in Nigeria

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Adenike Ibrahim

Regional Director, Propertymart Limited

Adenike Ibrahim is a seasoned business professional with impeccable dedication to her work. With a rich experience in corporate finance, marketing and business management, she has earned the respect and trust of corporations, individuals and colleagues through her contributions within and outside her scope of work. She has particularly taken a vested interest in ensuring that the management processes in the company work seamlessly with operations and the workforce in general. She is a forward-thinking individual who drives the people she interacts with to be their best.

Adenike joined Palton Morgan Holdings Limited as a Marketing Executive in June 2011. In February 2018, she was appointed as the Deputy Managing Director for Paltonloitte & Associates (a subsidiary of Palton Morgan Holdings). In October 2021, she became the Group Head, Channel Partnership Department and was promoted to Deputy Commercial Director, Propertymart in February 2023. Today, in her current role as Regional Director, Propertymart, Adenike has established a reputation for building world-class teams and aligning business metrics to support business strategy and high growth.

Before joining Palton Morgan, Adenike held previous roles at Access Bank and Wema Bank where she built a strong understanding of various markets and still uses that to the advantage of the company. Adenike graduated from the Federal Polytechnic, Ilaro after studying Business Studies and Marketing. She holds a Master’s degree in Business Administration from the Business School Netherlands. Among many positions, Adenike is an associate member of the Nigerian Institute of Marketing and holds certificates from Havard Business School, University of Central Missouri and Lagos Business School.

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Peter D Raven

Consultant, Project and Development, Palton Morgan Holdings

Peter D Raven is a Dutch, an architect by profession is all-round development, design & construction professional with important international experience, speaking fluently 3 languages (English, Dutch and Spanish). He has over 30 years experience which cut across Europe, Middle east and North Africa. PMP Certified. He has experience in working side by side with developers to obtain the optimum result for the project by leading and coordinating multi-disciplinary and multi-cultural management & design teams.

From feasibility studies, to consultant selection, and design development in all its stages and all disciplines and specialties, cost control, planning, value engineering, procurement, contract management and up to construction supervision, commissioning handover and relations with authorities. 

Specialized in retail and mixed use projects with important experience in hospitality, commercial, residential, entertainment and even industrial developments in countries such as Spain, Qatar, Syria, Egypt, Lebanon, Libya, Morocco, Portugal, Holland, UK, Georgia, etc. Some developers he worked with in the past are : Mall of Qatar-UCC (Qatar), PEO (Qatar), Emaar-IGO (UAE-Syria), Majid Al Futtaim (UAE), BENA Properties (Syria), Almana Group (Qatar), InterIKEA (Spain), ING Real Estate (Spain), BBVA (Spain – Portugal – Cuba), Metrovacesa (Spain – Portugal), Warner-Lusomundo (Spain – Portugal), Fadesa-Anjoca (Morocco), ESA (Spain-Germany), EADS (Spain).

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Adeyinka Adesope

Group Managing Director/CEO, Palton Morgan Holdings

Adeyinka Adesope is the GMD/CEO of Palton Morgan Holdings – the holding company of Grenadines Homes, Propertymart, The Oceanna, Paltonloitte & Associates, and Mitcherutti Contractors. Before leading Palton Morgan, Adeyinka was the Managing Director of Propertymart Real Estate Investment Limited, a fast-growing real estate development firm. The company witnessed significant growth and success during his tenure as the Managing Director.

Adeyinka’s stint with both local & multinational companies and his valuable experience helped to transform the company into a strategy think-tank and a leader in the nation’s real estate sector. He is a known promoter of innovation and creativity. He does not believe in limitations. He is a young and unassuming entrepreneur with over a decade of experience in the business world.

He is a first-class graduate of Law from the prestigious University of Buckingham, United Kingdom. He has degrees and professional certifications in business management, building & construction management, estate development, sales & marketing, leadership and politics.

Adeyinka is an alumnus of Cambridge Judge Business School of the University of Cambridge, United Kingdom, an international member of the National Association of Home Builders, Washington D.C., United States, an associate member of the Institute of Directors, Nigeria, and a Fellow of the Institute for Government Research & Leadership Technology. He is a fellow of the Nigeria Institute of Marketing and an alumnus of both Lagos Business School and Ogun State University.

Adeyinka is a recipient of numerous prestigious awards, a Peace Ambassador of the United Nations Universal Peace Federation and above all, a child of the Most High GOD.

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Chris Ogbechie

Director , Palton Morgan Holdings

BENG MBA, PhD

Professor Chris Ogbechie is a Director with Palton Morgan Holdings. He has wide experience in marketing and strategy derived from his work as Head of Marketing/Sales at Nestle Nigeria, Xerox and from his consulting work with Nigerian firms over the years. While in Nestle he had wide international exposure in Malaysia, Singapore and Switzerland.

Former Chairman of Diamond Bank Plc, Professor Ogbechie teaches strategy, sustainability and corporate
governance at the Lagos Business School where he is currently the Dean, a visiting Professor Strathmore Business in Nairobi, Kenya and the University of Kigali, Kigali, Rwanda.; he is also the founding Director of the School’s Sustainability Centre. His current research and consulting interests are in strategic planning and corporate governance. He has several publications in financial services marketing, strategic planning, corporate social responsibility and corporate governance.

He has also presented papers in various international conferences. Some of his most notable publications include: Strategic Marketing of Financial Services – A Nigerian Perspective, and Re-engineering the Nigerian Society through Social Marketing.

Professor Ogbechie has been involved with several start-ups and he is on the board of several companies and has
led several consulting engagements involving Corporate and Business Strategy Development, Customer and
Employee Engagement measurement and process development, Marketing Strategy Development and
Restructuring for financial institutions all around Africa.

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Delphine Misan-Arenyeka

Director, Palton Morgan Holdings

Delphine Misan-Arenyeka is a director with Palton Morgan Holdings. Prior to her engagement, she served on the pioneer board of Habitat for Humanity, Nigeria, for four years and the Millard Fuller Foundation for over eight years as Chairperson, head of finance and admin matters board sub-committee.

In addition, she has worked with the International Livestock Centre for Africa (ILCA) now ILRI  (International Livestock Research Institute) in Addis Ababa and at the firm, Deloitte Haskins and Sells, a management consulting firm where she single handed oversaw the consultancy business of the firm for a two and a half year period.

Her work with ILCA earned her a Ford Foundation Award to proceed for postgraduate studies in the UK.

In 2014, Delphine was appointed as Vice Chairperson of the local organising committee for the International Conference on Disabilities in conjunction with the IASSIDD (International Association for Scientific Studies on Intellectual Disabilities Disorders) Academy. The conference which held from June 22nd to 25th, 2015 was the first ever in Africa. Delphine currently sits on the board of the Community Development Foundation, a micro- credit and entrepreneurial capacity development NGO with branches in 23 states of the Federation. She is currently an independent consultant with People Affairs Limited, a human resources consultancy she co – established with her close friend for the past 7 years.

Delphine Misan-Arenyeka has a first degree in Agricultural Economics from the University of Ibadan, as well as a Masters degree in Business Management and Finance from the University of London (The Imperial College at Wye, Kent).

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Ronke Bammeke

Director, Palton Morgan Holdings

Ronke Bammeke sits as a director on the board of Palton Morgan Holdings with over twenty-seven years of banking, information technology, accounting and general management experience. She was formerly the Managing Director of Guaranty Trust Bank UK Ltd where she had overall responsibility for licensing and other establishment aspects of the subsidiary.

She was also General Manager, Operations at First Bank Nig. Plc where she created an independent operations function that effectively discharged its first level operational risk management role by initiating and implementing a radical structural change that separated branch operations from branch sales and marketing. She is currently the Managing Director of Cedar Consult Ltd.

Ronke holds a First Class degree in Computer Science and Economics from Obafemi Awolowo University Ile-Ife and a MSc. in Management from London Business School.

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Oguntoyinbo Semira

Executive Director, Palton Morgan Holdings

Semira Oguntoyinbo is the Executive Director of the group. Until this appointment, she served as the General Manager, Sales, Marketing and Customer Service Division for the company.

Semira has over twelve years’ experience in banking Industry spanning Corporate Communication, Commercial and Retail banking. She started her career with Guaranty Trust Bank and later moved to Access Bank Plc. She worked in various marketing divisions of the banking sector for 13 years before moving to Propertymart Real Estate Investment Limited in 2013.

Semira is self-driven, credible, result-oriented with a positive outlook, and a clear focus on high quality. A natural forward planner who critically assesses own performance. She served both in the public and private sectors of the Nigerian economy.

An empathic communicator, sees things from the other person’s point of view, she is well- presented and business-like, always keen on acquiring new experience. She is responsible and accountable. She gets along well with others and also a good team-player.

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Lorem Isump

Lorem ipsum, or lipsum as it is sometimes known, is dummy text used in laying out print, graphic or web designs. The passage is attributed to an unknown typesetter in the 15th century who is thought to have scrambled parts of Cicero’s De Finibus Bonorum et Malorum for use in a type specimen book.

Lorem ipsum, or lipsum as it is sometimes known, is dummy text used in laying out print, graphic or web designs. The passage is attributed to an unknown typesetter in the 15th century who is thought to have scrambled parts of Cicero’s De Finibus Bonorum et Malorum for use in a type specimen book.

Lorem ipsum, or lipsum as it is sometimes known, is dummy text used in laying out print, graphic or web designs. The passage is attributed to an unknown typesetter in the 15th century who is thought to have scrambled parts of Cicero’s De Finibus Bonorum et Malorum for use in a type specimen book.

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Mumtaz Zaidi

Group Commercial Director, Middle East & Africa, Palton Morgan Holdings

Mumtaz Zaidi, serving as the Group Commercial Director for the Middle East & Africa at Palton Morgan Holdings, enriches our team with a wealth of experience and expertise cultivated through a distinguished career spanning various regions and industries.

Educationally adorned, he holds a Master’s in Business Administration from the reputable Institute of Business Administration (IBA) in Pakistan, complemented by a Diploma in Marketing from the prestigious Chartered Institute of Marketing (CIM) in the United Kingdom. His commitment to continuous learning is further evident through training in media production from Valkieser, Netherlands.

His professional journey paints a portrait of versatility and proficiency, boasting a broad skill set encompassing real estate sales, marketing, investments, joint ventures, franchise development, branding, and process digitalization.

In his current capacity as Group Commercial Director, he orchestrates Sales, Marketing, Strategy, and International Business, serving as the driving force behind our organization’s growth and prosperity. His tenure at Emaar Dubai, a titan in the real estate development arena, stands as a testament to his remarkable career achievements, significantly contributing to the company’s ascendancy in the real estate sector.

Mumtaz’s diverse background and extensive experience make him a valuable asset to our team, and we are steadfast in our belief that his strategic vision and leadership will chart a course towards new pinnacles of success for Palton Morgan Holdings.

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John Fanibuyan

Chief Operating Officer, Palton Morgan Holdings

John Fanibuyan, currently serving as the Chief Operating Officer at Palton Morgan Holdings, brings over 17 years of distinguished expertise across accounting, finance, internal control & audit, and business management. Renowned for his exemplary leadership, he has navigated multiple industries including Manufacturing, Telecommunications, Construction, Secure Prints, FMCG, and Real Estate, consistently delivering transformative results and fostering a culture of excellence.

His unwavering dedication to enhancing operational efficiency and productivity is matched only by his astute insight into financial management systems. Celebrated for pioneering business process enhancements, adeptly managing risks, and spearheading cost-saving initiatives, he propels organizations towards sustained growth and profitability.

Before assuming his current role, he served as the Head of Internal Audit at Superflux International Limited, where his strategic contributions significantly fortified internal controls. At Palton Morgan Holdings, he seamlessly integrates his expertise into driving operational excellence and strategic planning, further elevating the company’s trajectory.

His academic journey, including esteemed accolades from the University of Cambridge and the University of Ado Ekiti, underscores his commitment to continuous learning and professional development, cementing his position as a trusted leader in the corporate landscape.

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Oyelami Oluwasogo

Chief Legal Officer, Palton Morgan Holdings

‘Sogo Oyelami is the Chief Legal Officer at Palton Morgan Holdings Limited (a foremost real estate holding company). Prior to joining Palton Morgan Holdings, for a brief period he headed the In-House legal department of TY Holdings Limited (an investment company with interests in Oil and Gas, Real Estate, Shipping, Hospitality, Agriculture, and Financial services) and provided strategic support to the Managing Director. He was before then Lead Consultant at DIANOIA PLURIS (Corporate commercial law firm) based in Lagos Nigeria. He has a Bachelor’s degree in Law from the Olabisi Onabanjo University and was called to the Nigerian bar in 2007. Sogo is an alumnus of Daystar Leadership Academy, having successfully undergone the Basic and Advanced Leadership Course. He subsequently completed the coursework for a Masters in Managerial Psychology at the University of Ibadan.

He has since then attended numerous trainings, and professional courses at the Harvard Business School, Association of Certified Anti-Money Laundering Specialists (ACAMS), the Lagos Business School, and the CITN Tax Academy He had a short stint with the firm of NATH AGUNBIADE & CO between 2005 and 2006 where he undertook a brief period of legal internship. Upon his call to the Nigerian Bar he undertook the mandatory National Youth Service Corps Scheme with the LEGAL AID COUNCIL OF NIGERIA from 2007 to 2008 and thereafter practiced with the firms of CHIEF MAKANJUOLA ESAN (SAN) & CO. (Ibadan, Oyo), TINU AJANAKU & CO. (Ikeja, Lagos) and L & A LEGAL CONSULTANTS (Ikoyi, Lagos) from 2008 to 2013. Sogo is a highly resourceful Solicitor with a deep knowledge of Commercial Law and has advised on Intellectual property,

regulatory compliance, company secretarial, corporate commercial transactions and real property acquisitions and perfections for local and foreign clients. He has over his legal career promoted, advised and acted as Company Secretaries /General Legal Counsel to the first major online Crowd funding Platform in West Africa. He was part of a team of lawyers who advised a consortium of foreign investors interested in executing the construction of mega shopping malls in Nigeria. 

He has advised and represented several private and public companies on trademark registration applications and Intellectual property protection. He was also part of a team of lawyers who advised a consortium of Nigerian entertainment companies exclusive creative content license and distribution transaction valued at N250,000,000 in 2010 with a multinational telecommunications outfit. ‘Sogo has also among other transactions advised an investment firm on the divestment of its interest in a boutique hotel located at a prime location in Victoria Island and then valued at N 120,000,000 in 2008. He recently advised on the resuscitation of a rice farm with investments valued at N7,000,000,000.

Sogo is a Member, International Bar Association, International Centre for Dispute Resolution (ICDR) Young and International, an Associate member of Chartered Institute of Arbitrators U.K. (Nigeria Branch), Member, Nigerian Bar Association (Lagos Island), Student Member of The Institute of Chartered Secretaries and Administrators of Nigeria and Member, Creative Commons Nigeria. http://wiki/creativecommons.org/Nigeria. Sogo’s current reading list includes David Osborne and Ted Gabler’s Reinventing Government- How The Entrepreneurial Spirit Is Transforming The Public Sector. He spends his pastime improving his French, reading widely and thinking up innovative models/solutions for solving unobvious problems.

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Oladimeji Olatunji-Audu

Director of Business Development & Public Sector Palton Morgan Holdings

Oladimeji Olatunji-Audu serves as the Director of Business Development & Public Sector at Palton Morgan Holdings. With multiple degrees from Lagos State University, including in Social Sciences, Sociology of Education, and Philanthropy, Oladimeji has cultivated an illustrious career spanning roles at esteemed organizations such as Grenadines Homes and FBN Mortgages Limited.

His expertise in real estate development, construction, project management, marketing, and sales has led to impressive returns on investment, notably achieving a 60% ROI in Lagos projects.

He is known for his commitment to excellence, evidenced by his adept understanding of real estate investing principles and dedication to client satisfaction. Transitioning from roles like Commercial Director, he now oversees business development and public sector portfolios at Palton Morgan.

With a strong foundation in project management, finance, and marketing, he is also skilled in team building and performance management, drawing from his experience in human resources. Continuously striving for improvement, he actively participates in leadership, project management, and risk management training to enhance his expertise.

 

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Nidal Turjman

Executive Director / Group COO, Palton Morgan Holdings

Nidal Turjman holds BS in Economics, Diploma of International Commercial Arbitration from Equity College, UK, and multiple executive development certificates in Project Management, FIDIC and Contract Management.

Before Joining Palton Morgan Holdings as Group Chief Operating Officer, Nidal was advisor to the board of ASAK Group in UAE, CEO Emaar for International projects in Levant region and Pakistan for about 12 years.

He is known for his proven achievements in Real Estate Development, Property Management, Assets Management in diversified Industries. His extensive experience in GCC and international markets at C-level in globally recognized multinationals as an inspiring Leader who implemented positive changes in Operational Management, Corporate Governance, Change Programs.

Nidal has great experience in transforming companies to achieve the best business objectives in terms of turnover growth through business re-structuring, high-profile sales, project management, financial re-structuring, JVs, business acquisitions and debt funding.

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Syed Zaidi Mumtaz

Syed Zaidi Mumtaz, Palton Morgan Holdings

Syed Zaidi Mumtaz is a Pakistan National is a sales expert who has worked at various capacities in many multinational companies like Emaar Pakistan  as commercial Director  . 

He has 24+ years experience in strategic commercial,  Marketing & Brand management. Before joining the Group;

 He had worked at various top notch  Companies such as Emaar Properties Pakistan  one of  Real Estate Giant as Commercial Director, Emirate Telecoms- Etisalat as Senior Marketing Specialist . Other organizations where he worked are:  

Big Idea Advertising – Dubai  an advertising company. Valkieser Middle East – Dubai a real estate company.

ACLOUD (Dubai) (Subsidiary of LG Korea for Digital Signage) General Manager – Marketing & Operations. The last place he worked before Joining Palton Morgan Holdings is Vrone Turkey  a real estate company  as the CEO.

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Ngozi Onyenobi

Director, Business Development & Investment, Palton Morgan Holdings

Ngozi Onyenobi is distinguished by her ability to identify and leverage financial opportunities for corporate expansion. She is a dynamic Business Development professional with a leading–edge perspective in the 21st Century marketplace on Investment and Wealth Management with a particular focus on the African market.

With a career history spanning over 24 years, she has leveraged well-earned expertise and insights into Banking & Finance experience covering Retail banking, Commercial banking, Private banking/Wealth Management, and navigating through the very unique commercialized Nigerian financial market. Ngozi can be described as driven and result-oriented. Her cheerful and energetic nature compliments the successful and high-profile business relationships she has built for companies she has worked for.

In her current role at Palton Morgan Holdings as Director of Business Development & Investment Group, she is responsible for the marketing and sales strategies of the company products and services tailored for the High-net-worth and ultra-high-net-worth individuals.

A graduate of Geography and Regional Planning from the University of Calabar. Ngozi began her banking career in 2000 at Standard Trust Bank and quickly rose through the ranks at other organizations such as Zenith Bank, Access Bank, First Bank, and Coronation Merchant Bank and was also the Vice President of the Wealth Management Group at Norrenberger Financial Group before joining Palton Morgan Holdings.

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AKINTOLA ADEMOLA

Chief Financial Officer, Palton Morgan Holdings

Ademola is a seasoned professional with over 12year experience in Accounting and Finance. His experience spans from Banking, Insurance Brokerage, Private Equity, Pharmaceutical and Real Estate Industry. Ademola holds B.Sc in Accounting from University of Ado-Ekiti and Master of Science in Finance from University of Lagos. 

He is a chartered Accountant with 11years post qualification experience. He has attended both local and international trainings among which is Turning Strategy to Action from Lagos Business School, People and Organization Effectiveness from Judge Business School, University of Cambridge, U.K and Leadership Principle from Harvard Business School.

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Agbonifo Samuel

Chief Internal Auditor, Palton Morgan Holdings

Agbonifoh Samuel is an astute professional with over fifteen years working experience from various organization before joining Palton Morgan Holdings. He is very versed in Internal Audit and Risk management. He also has experience in investment and portfolio management, insurance, pension fund administrators etc. 

He obtained Bachelor’s degree in accounting from Abia State University (1997-2001) and a Master of Business Administration from the prestigious Obafemi Awolowo University (2012- 2014) . His Professional Certification include: Associate Chartered Accountant (ACA)( 2006- 2008), Certified Risk and Compliance Management Professional (CRCMP) 2017, Certified Information System Risk and Compliance Professional (CISRCP) 2018.

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Hakeem Bakare

General Manager, PropertyMart.

Hakeem has worked in the sales and marketing department of Propertymart Real Estate Inv. Ltd since February 2009. He started as a sales officer then progressed to become a Regional Director in Grenadines Homes Ltd. Hakeem is currently specializing in business development, execution and the co-ordination of two subsidiaries.

Hakeem’s role is largely based around providing leadership and support to middle level management staff in the two subsidiaries with operations in northern region. 

This includes managing human, material and financial resources, strategy execution, business development, project management, creating strategic partnership and report analyses for decision making. Hakeem graduated from University of Lagos in 2008 with a BA (Ed) in Islamic Religious studies. He has also attended certification courses at Lagos and Harvard business schools.

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Adebambo Adeyemi

Group Head of Customer Service, Palton Morgan Holdings

Adebambo is a poised and result oriented professional, great leader and a good team player with over 10 years’ experience in sales and customer relationship management. He holds a bachelor degree in Computer Science from Olabisi Onabanjo University Ago-Iwoye, certificate in Cisco Certified Network Associate and ITIL version 3 with his Masters of Business Administration in view.

He has over 10 years’ experience in sales and customer relationship management. He was recently promoted to the Group Head customer service/Handover for Palton Morgan Holdings Limited.  Before becoming the Group head Customer service/Handover, he was the unit sales manager for Grenadines Homes, a member of Palton Morgan Holdings Limited.  Other Multinational organizations where he has worked and left an inspiring result includes; Nestle Nigeria Plc, GNT Nigeria Limited, The First Group; Nigeria, Dubai, Kenya, Liberia and Ghana. He has attended several trainings and workshops which includes Sales/Closing Strategy (TFG University Dubai), Leadership Principles (Havard Business School).

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Samuelian Mher

Deputy Commercial Director, Palton Morgan Holdings

Deputy Commercial Director of the Palton Morgan Holding, Mher is a well-established Real Estate professional with proven and extensive track records in both real estate and luxury markets. He has over 10 years’ experience as full-time sales director and real estate professional in various international markets, extending valuable guidance and advice on real estate investments and luxury. His experience translates into supporting local and international clients throughout their investments, be it as end users and / or as investors.

Coming from a multicultural background and having lived in various countries, Mher understands the various tangible and intangible benefits of real estate investments and transactions in both local and international markets. Since he joined the Real Estate profession, he became highly regarded by his clients and other professionals in the field.

Throughout his career, Mher has attended several high qualification real estate trainings set by the UAE real estate regulators (Real Estate Regularity Authority – RERA) and was awarded top Performers certificates many times during his career. He furthermore himself, conducted various training for his teams as part of his commitment to further develop and enrich his collaborators skillset.

Mher is a graduate of the Lebanese international university and holds a Business Administration bachelor degree, prior to joining Grenadines Homes, he was holding a Director of Sales position at one of the biggest real estate developers in the United Arab Emirates (UAE), DAMAC properties. He moreover was the Director of Sales of THOE (The Heart of Europe, Dubai UAE). This helped him further deepen both his strategic business skills and leadership, he worked extensively on multiple substantial real estate development projects in Dubai & World Island and has a thorough understanding of real estate investing principle.

Mher has clients all over the world, which makes his portfolio diverse culturally as well as from an investment standpoint, ranging from first time buyers residential customers to multi-property investors from Europe, Asia, Middle East, LEVANT, UK, USA and Africa. Taking care of his clients and ensuring they make well informed decisions and are timely and efficiently supported are his priorities.

Mher is married to his beautiful wife and a happy father of a lovely daughter, he’s a dedicated family man, a committed business professional and a visionary real estate leader.

 

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Oboku Dairo

Head Legal, Palton Morgan

Oboku is a graduate of the University of Buckingham and holds an LLM in oil and gas law from the University of Aberdeen, UK. She was called to the Nigerian bar in 2010 and has been in active legal practice since then. She started her career with a focus on commercial dispute resolution and has handled matters from their inception to conclusion and even to the appellate level. She has attended several trainings and workshops on topics ranging from drafting, negotiation to project management.

She specializes in commercial and corporate matters and has a wealth of experience in the real estate sector. She is a core professional, with a keen interest in strategy, management, real estate and dispute resolution.

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Kolade Oyegbesan, FCA

Chief Financial Officer, Palton Morgan Holdings

Kolade Oyegbesan stands as a distinguished Fellow of the Institute of Chartered Accountants of Nigeria, adorned with a scholarly journey that began at the esteemed halls of the University of Lagos, where he graduated with a B.Sc. in Accounting with honours of Second-Class Upper Division. His illustrious career is further embellished with memberships in prestigious institutions such as the Chartered Institute of Taxation of Nigeria, the Institute of Financial Consultants in Vancouver, Canada, and the Institute of Mediation and Conciliation. His unwavering dedication to lifelong learning is underscored by his active engagement in a myriad of domestic and international training programs.

With a thriving career spanning over three decades, he has meticulously crafted his expertise in delivering avant-garde management and financial solutions to an array of corporate entities spanning diverse sectors of the economy. His professional odyssey commenced in the realms of audit firms, culminating in a pivotal role within SCOA Nigeria Plc’s Industries Division, where he meticulously honed his prowess in financial accounting and treasury management.

His proficiency in finance and investments is exemplified through his mastery of treasury functions, financial control, regulatory reporting, and the adept management of equity and debt securities. His tenure at various financial institutions, including Magnum Trust Bank (now a part of Sterling Bank Group), Sterling Capital Markets, and Radix Capital Partners, saw him ascend to the esteemed position of Financial Controller and Chief Financial Officer, respectively. Noteworthy is his indelible mark within the power and energy sector, notably at the Abuja Electricity Distribution Company, where his strategic acumen facilitated the seamless transition of public sector entities to privately-driven enterprises. Furthermore, his tenure at Instinct Resource Services Ltd showcased his adeptness in management and financial consulting.

Presently, as the Chief Financial Officer and Chief Investment Officer at Palton Morgan Holdings, he continues to epitomize financial excellence and spearhead investment growth with an unwavering commitment to excellence.

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Emmanuel Azubuike

Acting Director of Corporate Services & Group Head, Human Resources, Palton Morgan Holdings

Emmanuel Azubuike (MCIPM) is a seasoned Human Resource practitioner with over two decades of experience in the field. His career spans multinational manufacturing companies, logistics, oil and gas, and various service industries. Currently, he serves as the Acting Director, Corporate Services/Group Head, Human Resources, where he plays a vital role in overseeing and driving organizational operations.

As a registered Chartered Institute of Personnel Managers (CIPM) member, he has actively contributed to the field. He served as a state branch Chairman and was key in the Membership Committee.

His educational background includes a Bachelor’s Degree in Philosophy from the University of Calabar and a master’s degree in industrial and labour relations from the University of Ilorin. His philosophical foundation enhances his critical thinking and analytical skills, while his specialized studies in industrial relations align perfectly with his HR career.

Beyond his professional roles, Emmanuel is a career coach and an experienced counsellor. His commitment to guiding individuals and providing support underscores his holistic approach to human resources.

Emmanuel Azubuike’s combination of practical experience, professional affiliations, and educational background positions him as a valuable asset in the corporate space.

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Richard Nzubechukwu A.

Head of Customer Care and Handover

Richard Nzubechukwu A., Head of Customer Care and Handover, brings over 12 years of experience in the Telecommunication Industry to his role. With a Bachelor’s degree in Mass Communication from Enugu State University of Science and Technology, Nigeria, Richard has honed his skills in Customer Relationship Management and Electronic Top-up Management.

Starting his career as a Journalist at The Vanguard Newspapers, he transitioned to various roles at Globacom Nigeria Limited, showcasing exceptional leadership and versatility. From Customer Care Executive to Manager of Electronic Top-Up Sales, he has demonstrated expertise in Operations Management, Business Development, and Stakeholder Engagement. Committed to customer-centricity, he continually enhances his skills through training and workshops in Leadership and Customer Relationship Management.

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Kunle Ajiboye

Director, Legal Services, Compliance & Risk, Palton Morgan Holdings

Kunle Ajiboye understands the need to balance risks and inventory decisions to obtain an optimum level for stakeholders. His cautious and calm approach to his work has been reflected in his credibility within the industry. He is strategic in thinking and has been able to properly communicate, coordinate and administer policies for risks to his team and organizations.

He is a seasoned legal professional and compliance expert, admitted as a Barrister and Solicitor of the Supreme Court of Nigeria. He holds an LL.M. from the prestigious University of Ibadan and an International Diploma in Compliance from the University of Manchester. Kunle is also a Certified Anti-Money Laundering Specialist (CAMS) and a Certified Risk & Compliance Management Professional (CRCMP).

ith extensive experience across the legal, compliance, and risk management sectors, Kunle has worked with leading financial institutions, including First Bank of Nigeria Plc, Sterling Bank Group, Standard Chartered Bank Nigeria Limited, and Ecobank International. His roles at SimpliAlpha Consulting Limited and WNT Capitas further demonstrate his expertise in financial and management consulting.

Kunle is affiliated with several prominent professional bodies, including the Nigerian Bar Association, the International Association of Risk and Compliance Professionals (USA), the Association of Anti-Money Laundering Specialists (USA), the Compliance Institute of Nigeria, and the Global Compliance Institute (Australia). 

A thought leader in his field, Kunle has authored multiple articles on compliance and risk. He is also credited with designing a compliance rulebook currently implemented by several financial institutions. His deep expertise and contributions continue to shape best practices across the industry.

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Femi Olubanwo

Chairman, Palton Morgan Holdings

Femi Olubanwo joined Palton Morgan Holdings in 2015 as a non-executive director and was appointed as the Chairman in the same year. He currently serves as a partner at Banwo & Ighodalo, a firm he co-established after a short stint with the Lagos State Ministry of Justice.

He is often cited as one of the leading lawyers in the world, particularly in the areas of banking, finance and mining by many international legal publications such as Chambers Global, Who’s Who Legal and the IFLR 1000

Femi served the Government of Nigeria in several economic sector reform committees. He was appointed a member of the Bureau of Public Enterprises’ Solid Minerals Sector Steering Committee (2000) by the National Council on Privatisation. The apex body was charged with responsibility for the implementation of the Nigerian government’s privatisation and commercialization programme.

He also served as chairman of a committee established by the ministry of finance to formulate and draft a Code of Governance / Ethics for Market Regulators.

Femi has published and presented papers on different topics in his areas of practice and he is a director of many companies operating in diverse sectors of the Nigerian economy. He graduated with a Bachelor of Laws (LL.B) honours degree from the University of Lagos in 1981 and was admitted to the Nigerian Bar in 1982.