File: Housing units. www.housingfinanceafrica.org
A real estate company, Wemabod Limited, has emerged with A-rating after Augusto & Co, an international research, credit rating, and credit risk management firm, conducted a qualitative assessment of its operational activities.
The assessment was conducted to determine the financial capacity of the company to manage risk, achieve investment returns, and meet financial obligations as and when due.
A statement said the A-rating assigned to Wemabod Limited as an investment management company was an indication of its exceptional investment and risk management capabilities, and its diversified income sources which had continued to support the revenue growth.
It stated that, “The company is a leading player in the mid-tier commercial real estate sector. It is managed by an experienced team led by the Chief Executive Officer, Oluyemi Ejidiran, with over two decades of cognate experience in the real estate industry.
“Wemabod Limited has a diversified portfolio of commercial, industrial, and residential properties across major cities in Nigeria with a current shift in the strategic approach to enhance the income-based of the firm and at the same time capture new untapped areas.”
