Creating Shared Value for Sustainable Growth in our Markets

Lagos

Creating Shared Value for Sustainable Growth in our Markets

Accra

About Us

Overview

Verod is active across various sectors, including but not limited to light manufacturing, consumer goods, business services, agriculture, education, healthcare and financial services.  Verod seeks to partner with companies with proven business models and high market growth potential, led by motivated management teams, to build sustainable and responsible regional leaders in their respective industries.

  • PEA Award 2018

    Small Cap Deal of the Year

  • PEA Award 2016

    Outstanding First-Time GP

  • PEA Award 2016

    Exit of the year Large-cap (GZI)

History

A firm with a rich, long-standing entrepreneurial culture, Verod was founded in 2008 as an investment boutique operating out of West Africa.  In its infancy, Verod raised capital on a deal-by-deal basis.

In 2014, in response to the growing opportunities in West Africa and conversely, the increased appetite of foreign institutional investors looking to expand into new markets, Verod transitioned into one of the truly indigenous Private Equity firms in West Africa. Following a successful capital raising drive in a particularly challenging macroclimate in Nigeria and West Africa as a whole, the firm exceeded its original target fund size, and Verod Capital Growth Fund II launched as the largest first time fund in Nigeria’s history.

Verod is backed by a rich blend of mainly foreign and institutional investors including pension funds, sovereign wealth funds, insurance companies, asset management firms, fund of funds, family offices and development finance institutions (with extensive experience supporting Fund Managers across emerging markets).

Our Approach

Verod continues to remain true to its original mission of partnering with businesses to harness opportunities within West Africa.

Verod looks to actively drive economic development across key industries; opportunistic by nature, the firm has developed a deep understanding of its local market and its track record to date demonstrates its ability to select high quality deals based on well thought-through investment strategies. Through proprietary research and its deep network of regional industry professionals and financial institutions, Verod is able to source attractive, at times off-market investment opportunities exhibiting strong potential for marked growth in earnings.

Overall, Verod strives to be economically and socially responsible in both its for-profit and non-profit endeavours and at its core strives to generate attractive risk-adjusted returns. One of the firm’s key philosophies is its belief that successful investing is not incompatible with responsible investing; indeed, Verod believes it is simply plain good business.

Brief Overview of Investment Process

Verod consistently follows a transparent and disciplined process in identifying, selecting and pursuing investment opportunities. Once the respective Financial, Commercial, Legal and ESG Due Diligence reviews are finalised, results are presented to Verod’s Investment Committee (which includes an outside, independent member), which makes investment recommendations.

Leveraging its in house transactional advisory expertise, the firm aims to negotiate and structure investments to provide the necessary framework for growth, and typically takes an active role in monitoring and managing portfolio companies to execute on the business plan and position the portfolio company for a successful exit.

Overall, the investment process typically includes deal sourcing, deal screening, rigorous due diligence, structuring and financing. Once an investment is made, the respective deal team stays actively involved in each business to direct, monitor and increase the value of portfolio investments from the period of investment to exit. Verod will typically look to achieve significant capital appreciation within the medium to long-term, and on the whole, will look to:

  • Mitigate risk, in the event the portfolio company underperforms (e.g: ensuring adequate protection in a minority equity holding by negotiating adequate control rights to influence key decisions such as strategy, operating capital budgets and the selection and evaluation of senior managers);
  • Incentivise management to grow the value of the business; and
  • Develop the portfolio company’s overall internal controls and governance towards international best practices.

BRIEF OVERVIEW OF INVESTMENT STRATEGY

As mentioned, a key part of Verod’s core strategy is to develop sector leaders, with a focus on companies with the potential for strong growth.

The firm will seek to invest equity or equity-linked instruments with downside protection typically in high-growth middle market opportunities in Sub-Saharan Africa, primarily West Africa. The firm aims to build a diverse portfolio across several fast-developing industries including but not limited to, Consumer Goods and Services, Financial Services, Light Manufacturing, Agribusiness, Business Services and Education.

The Firm targets investment opportunities in companies that typically possess:

  • Proven business models;
  • High growth market potential;
  • Profitability or ability to quickly reach profitability after funding;
  • Strong and motivated management or the ability to institute such strong management;
  • Strong company governance and ESG standards or the ability to implement such standards after investment;
  • Capacity to generate significant free cash flow for reinvestment or shareholder return; and
  • Potential to become leaders within applicable sectors.
The firm is led by partners with significant combined experience and expertise in investing and operating businesses in West Africa. The wider Verod team is composed of a high caliber, diverse group of professionals with complementary strengths and depth of experience in investing and supporting operations of partner companies.
Danladi Verheijen
Managing Partner & Co-Founder
Danladi is a Co-founder and Managing Partner of Verod. Prior to founding Verod, Danladi held roles at Citibank Nigeria, Ocean and Oil Holdings and at McKinsey & Company. He received an MBA from Harvard Business School, an M.Sc. in Engineering Economic Systems & Operations Research from Stanford University and a B.Sc. in Electrical Engineering from Calvin College. He is a Director of Rotoprint, Niyya Food and Drinks, Shaldag and UTL Trust Management Services. Danladi also sits on the board of the African Venture Capital Association (AVCA) and the Private Equity and Venture Capital Association of Nigeria (PEVCAN).  He was named a Young Global Leader by the World Economic Forum in 2014.
Eric Idiahi
Partner & Co-Founder
Eric is a Co-founder and Partner of Verod Capital Management Limited. Prior to founding Verod Capital, Eric was the co-founder and managing partner of Fountainhead Media Group, an investment and advisory firm focused on the Technology, Media and Telecoms sector in Nigeria. Eric previously worked at Financial Derivatives Company Limited. He is a Director of Union Trustees Ltd, African Lifestyle Limited, EMZOR Pharmaceutics Industries Limited, Greensprings Educational Services Limited, Central Securities Clearing Systems (CSCS) Limited and on the Board of Regents of Harris Manchester College, Oxford University. He received a B.Sc in Economics from the University of Houston, Texas and an MBA from Saïd Business School, University of Oxford, Oxford, England
Chudi Amu
Vice President, Investments
Chudi is a Vice President and Head of the Investment Team. Prior to this, Chudi was a Consultant with Bain & Co (South Africa office) where he advised clients in the telecommunications, retail banking, and consumer packaged goods sectors. Prior to Bain, Chudi held various roles at Verod, and was an investment banking analyst with Deutsche Bank (New York). He received a BA in Finance from Morehouse College, an MBA from Kellogg School of Management (Northwestern University), and an MEM from the Segal Design Institute (Northwestern University).
Daniel Adeoye
Senior Manager, Investments
Daniel is a Senior Manager on the Investment Team. Prior to joining Verod, he was an analyst at Zenith Capital Markets and BayHead Alpha Capital focusing on capital raising and M&A projects covering clients in the telecoms, energy and finance industries. He received a BA in Economics from Ahmadu Bello University and has also completed the certificate program in Business Strategy, Johnson Graduate School of Management, Cornell University.
Akwugo Onuekwusi
Senior Manager, Investments
Akwugo is a Senior Manager on the Investment Team. Prior to joining Verod, she was an Assistant Vice President at Chapel Hill Advisory Partners Limited where she managed mergers and acquisitions, financial advisory and capital raising transactions for clients across a variety of sectors including Financial Institutions, Building Materials and Consumer Goods, as well as, State Governments, the Central Bank of Nigeria and the Asset Management Corporation of Nigeria. She received a B.Sc. degree in Economics and Computer Science from Washington and Lee University and an MBA from Columbia Business School.
Trish Amoah-Ntim
Senior Manager, Investments
Trish is a Senior Manager on the Investment Team leading the Ghana office. Prior to this, Trish was a Manager in Financial Advisory at Deloitte and Touche (Ghana) where she managed engagements across Corporate Finance, Transaction Services and Valuation & Modelling. Prior to Deloitte, she worked with Verod as a Manager in Lagos and before that, in London with Deutsche Bank, HSBC and Lehman Brothers. She received an MBA from Harvard Business School, an MSc in Finance and Private Equity from The London School of Economics and a BSc (Hons) in Applied Business Management from Imperial College London. Trish is also a CFA Charterholder.
Ibukun Sorinola
Senior Manager, Investments
Ibukun is a Senior Manager on the Investment Team. Prior to joining Verod, he was a Vice President at Merge One Global Securities Limited, an investment banking boutique. Prior to that, he previously spent 5 years as an Analyst with Corporate Finance & Investment Banking Team in Citibank Nigeria. He received a BA in Agriculture Economics from the University of Ilorin and has passed the CFA Level II exam. Ibukun holds an MBA from Lagos Business School.
Ajibola Olaniyan
Associate, Investments
Ajibola is an Analyst on the Investment Team. Prior to joining Verod, he worked at Union Capital, a boutique investment advisory firm as a financial and research analyst where he provided support on mandates for origination, structuring and execution of financial advisory, M&A, and structured finance transactions. He received a BA in Economics and is a qualified member of the Institute of Chartered Accountants of Nigeria (ICAN), and has passed the CFA Level III exam.
Martin Mbonu
Analyst, Investments
Martin is an Analyst on the Investment Team. Prior to joining Verod, he worked as a Business Intelligence Analyst at Jumia where he was responsible for data analysis which included pricing strategy, buying trends analysis and performance reports, and also worked as a Commercial Planner at Jumia. Prior to that, he was an Account Intern at Lifelink Industry Limited. He received a B.Sc. in Economics from University of Lagos and has passed the CFA Level II exam.
Abiola Durojaiye
Analyst, Investments
Abiola is an Analyst on the Investment Team. Prior to joining Verod, he worked in the Deal Advisory Team of KPMG Advisory Services where he provided support on business valuation, financial and commercial due diligence, financial advisory, M&A and disposals engagements. He received a B.Sc. in Finance from the University of Lagos and is a qualified member of the Institute of Chartered Accountants of Nigeria (ICAN). Abiola has also passed the CFA Program Level II exam.
Alexandra Ekpiken
Vice President, Legal
Alex is a Vice President and Head of the Legal & Compliance Team. Prior to joining Verod, she was General Counsel at an Africa- focused fund of funds. Prior to that, she was a Corporate Lawyer at the New York law firms of Sidley and Fried, Frank, Harris, Shriver and Jacobson advising clients such as Goldman Sachs Capital Partners and Merrill Lynch Asset Management. She previously worked at the UK M&A Regulator where she represented the UK government at high level European Union Advisory Committee on Merger Panels, and was selected for secondment with the European Commission’s Merger Task Force in Brussels. Following that, she joined the law firm of Weil, Gotshal & Manges in London, where she exclusively advised global private equity firms. She received an LLM in Corporate Law from Harvard Law School, an LLB in Law and a BA in Politics from Keele University in the UK. She is an International Fellow of the American Association of University Women.
Olawunmi Abiodun
Company Secretary
Olawunmi is a Senior Manger within the Legal Department and is also the Company Secretary. Prior to joining Verod, she was an Associate Legal Officer with the UN International Criminal Tribunal for the Former Yugoslavia in The Hague where she advised on international law, diplomacy and policy matters. Prior to that, she worked as an Associate with Matrix-Solicitors, where she advised clients on a wide range of corporate and commercial transactions. She received an LLB degree from Obafemi Awolowo University and an LLM in International and European Law, with specialization in International Trade & Investment Law from the University of Amsterdam. She was admitted to the Nigerian Bar as a Barrister and Solicitor of the Supreme Court of Nigeria in 2004, and is a member of the Chartered Institute for Securities and Investment (UK).
Dipo Okuribido
Senior Manager, Legal
Dipo is a Senior Manager within the Legal Department. Prior to joining Verod, he was a Senior Associate at Banwo & Ighodalo, where he worked in the Energy, Tax, Capital Markets and Finance Practices. He has more than seven years experience advising a wide range of clients on M&As in breweries, oil and gas, manufacturing, and fast-moving consumer goods sectors. He received an LLB from the University of Lagos, and is currently studying part-time for an MSc in Finance and Financial Law at SOAS, University of London. He is an Alumnus of the International Lawyers for Africa Programme.
P.P. Pavithran
Head, Finance & Accounting
Pavithran is the Head of the Finance & Accounting Department. Prior to joining Verod, he was a Senior Accountant at GMT Limited where he was responsible for banking matters, treasury and reconciliation. Prior to that, he worked as a Senior Accountant / Commercial Manager at Multi-trade Group, Lagos and as an Accounts Unit Head with Olam Exports. He received a BA in Commerce from University of Calicut, India.
Kayode Akinbowale
Associate, Finance & Accounting
Kayode is an Associate in the Finance & Accounting Department. Prior to joining Verod, he worked with Starmark Nigeria Limited as an Account Officer, and as an Auditor at Olumuyiwa Erinle and Co. (Chartered Accountants). He received an M.Sc. in Finance and a B.Sc. in Accounting from the University of Lagos. He is a registered (student) member of The Association of Chartered Certified Accountants.
Uzoma Okoronkwo
Vice President, HR
Uzoma is a Vice President and Head of Human Resources Department. She Leads the Human Resources & Administration team within Verod and its portfolio companies. She started her career in the Training and Development department of FedEx (Red Star Express) before joining Nestle Nigeria, where she specifically focussed on broader HR roles.  Uzoma subsequently moved to Frigoglass Industries (Nigeria) as the Compensation & Benefits Manager before she joined Coca-Cola (Nigeria) as the HR/Total Rewards Manager and holding various Strategic HR Business Partner roles across their African operations.  Prior to joining Verod, Uzoma was the HR Director of Mouka Limited.  She received a B.Sc in Economics and Sociology from the University of Nigeria, Nsukka and an M.Sc in Organizational Behavior from the University of Lagos.
Kehinde Osileye
Manager, Human Resources
Kehinde is currently a manager in the Human Resources Department. Prior to joining Verod, Kehinde was the Personal Assistant to the Managing Director of Woodstock Electronics Limited, where she managed the director’s day-to-day activities, including the administration of the office and project sites. Prior to that, Kehinde worked with Adeen Properties as an Administrator, where she was accountable for overall office management. She received a B.Sc. in Biochemistry from Lagos State University.
Chinwe Nwuba
Head, Administration
Chinwe is Head of the Administration Department. Prior to joining Verod, she was the Office Manager for Mid Atlantic Energy where she was responsible for the smooth day-to-day running of the office, including payroll administration and supplier management. Prior to that she previously worked with Abraham Holmes Consulting, where she was in charge of recruitment and training. She received a B.Sc. in Mass Communication from Imo State University, Owerri and a certificate in Operation Management from Business School Netherlands (BSN).
Segun Aboderin
Associate, IT
Segun is in charge of Verod’s IT managed services, network solutions, server administration, data protection and software applications. Prior to joining Spinlet, he was the IT Supervisor at Spinlet Ltd, a mobile media distribution platform to download and stream music where he supported day-to-day operation of computer networks including hardware and software. Prior to joining Verod, he was an IT Engineer with Honda Manufacturing Nigeria Ltd, where he supported more than 200 workstations and several physical and virtual network servers. Prior to that he worked at Compliance and Content Monitoring Ltd as Senior Systems/Field Support Engineer, where he was responsible for server installation, power management, site collocation, data retrieval, upload, search and analysis for ROE and decision-making. He received a BA in Physics from University of Ado Ekiti and a Masters in Information Technology from University of Lagos. He is Microsoft Certified IT Professional and a registered member of Institute of Electrical and Electronics Engineering (IEEE).
Cindy Opeyemi
Associate, Administration
Cindy is an Associate in the Administrative Department and the Executive Secretary of Verod Foundation (Verod’s CSR initiative). She oversees the daily organization of office matters and proper implementation of Verod’s operations and procedures; she also supervises Verod's support staff. Prior to joining Verod, she was an Executive Assistant at Living Templates, where she was responsible for administration and logistics. Prior to that, she worked with the NGO, LEAP Africa as an Administrative and Human Resource Officer, where she managed all administrative and human resources duties. She received a Bachelor's Degree in Agricultural Economics from the University of Agriculture, Abeokuta. She is an Associate Member of the Chartered Institute of Personnel Management (CIPM) and is a certified Human Resource Practitioner.
Danladi Verheijen
Managing Partner & Co-Founder
Danladi is a Co-founder and Managing Partner of Verod. Prior to founding Verod, Danladi held roles at Citibank Nigeria, Ocean and Oil Holdings and at McKinsey & Company. He received an MBA from Harvard Business School, an M.Sc. in Engineering Economic Systems & Operations Research from Stanford University and a B.Sc. in Electrical Engineering from Calvin College. He is a Director of Rotoprint, Niyya Food and Drinks, Shaldag and UTL Trust Management Services. Danladi also sits on the board of the African Venture Capital Association (AVCA) and the Private Equity and Venture Capital Association of Nigeria (PEVCAN).  He was named a Young Global Leader by the World Economic Forum in 2014.
Eric Idiahi
Partner & Co-Founder
Eric is a Co-founder and Partner of Verod Capital Management Limited. Prior to founding Verod Capital, Eric was the co-founder and managing partner of Fountainhead Media Group, an investment and advisory firm focused on the Technology, Media and Telecoms sector in Nigeria. Eric previously worked at Financial Derivatives Company Limited. He is a Director of Union Trustees Ltd, African Lifestyle Limited, EMZOR Pharmaceutics Industries Limited, Greensprings Educational Services Limited, Central Securities Clearing Systems (CSCS) Limited and on the Board of Regents of Harris Manchester College, Oxford University. He received a B.Sc in Economics from the University of Houston, Texas and an MBA from Saïd Business School, University of Oxford, Oxford, England
Chudi Amu
Vice President, Investments
Chudi is a Vice President and Head of the Investment Team. Prior to this, Chudi was a Consultant with Bain & Co (South Africa office) where he advised clients in the telecommunications, retail banking, and consumer packaged goods sectors. Prior to Bain, Chudi held various roles at Verod, and was an investment banking analyst with Deutsche Bank (New York). He received a BA in Finance from Morehouse College, an MBA from Kellogg School of Management (Northwestern University), and an MEM from the Segal Design Institute (Northwestern University).
Daniel Adeoye
Senior Manager, Investments
Daniel is a Senior Manager on the Investment Team. Prior to joining Verod, he was an analyst at Zenith Capital Markets and BayHead Alpha Capital focusing on capital raising and M&A projects covering clients in the telecoms, energy and finance industries. He received a BA in Economics from Ahmadu Bello University and has also completed the certificate program in Business Strategy, Johnson Graduate School of Management, Cornell University.
Akwugo Onuekwusi
Senior Manager, Investments
Akwugo is a Senior Manager on the Investment Team. Prior to joining Verod, she was an Assistant Vice President at Chapel Hill Advisory Partners Limited where she managed mergers and acquisitions, financial advisory and capital raising transactions for clients across a variety of sectors including Financial Institutions, Building Materials and Consumer Goods, as well as, State Governments, the Central Bank of Nigeria and the Asset Management Corporation of Nigeria. She received a B.Sc. degree in Economics and Computer Science from Washington and Lee University and an MBA from Columbia Business School.
Trish Amoah-Ntim
Senior Manager, Investments
Trish is a Senior Manager on the Investment Team leading the Ghana office. Prior to this, Trish was a Manager in Financial Advisory at Deloitte and Touche (Ghana) where she managed engagements across Corporate Finance, Transaction Services and Valuation & Modelling. Prior to Deloitte, she worked with Verod as a Manager in Lagos and before that, in London with Deutsche Bank, HSBC and Lehman Brothers. She received an MBA from Harvard Business School, an MSc in Finance and Private Equity from The London School of Economics and a BSc (Hons) in Applied Business Management from Imperial College London. Trish is also a CFA Charterholder.
Ibukun Sorinola
Senior Manager, Investments
Ibukun is a Senior Manager on the Investment Team. Prior to joining Verod, he was a Vice President at Merge One Global Securities Limited, an investment banking boutique. Prior to that, he previously spent 5 years as an Analyst with Corporate Finance & Investment Banking Team in Citibank Nigeria. He received a BA in Agriculture Economics from the University of Ilorin and has passed the CFA Level II exam. Ibukun holds an MBA from Lagos Business School.
Ajibola Olaniyan
Associate, Investments
Ajibola is an Analyst on the Investment Team. Prior to joining Verod, he worked at Union Capital, a boutique investment advisory firm as a financial and research analyst where he provided support on mandates for origination, structuring and execution of financial advisory, M&A, and structured finance transactions. He received a BA in Economics and is a qualified member of the Institute of Chartered Accountants of Nigeria (ICAN), and has passed the CFA Level III exam.
Martin Mbonu
Analyst, Investments
Martin is an Analyst on the Investment Team. Prior to joining Verod, he worked as a Business Intelligence Analyst at Jumia where he was responsible for data analysis which included pricing strategy, buying trends analysis and performance reports, and also worked as a Commercial Planner at Jumia. Prior to that, he was an Account Intern at Lifelink Industry Limited. He received a B.Sc. in Economics from University of Lagos and has passed the CFA Level II exam.
Abiola Durojaiye
Analyst, Investments
Abiola is an Analyst on the Investment Team. Prior to joining Verod, he worked in the Deal Advisory Team of KPMG Advisory Services where he provided support on business valuation, financial and commercial due diligence, financial advisory, M&A and disposals engagements. He received a B.Sc. in Finance from the University of Lagos and is a qualified member of the Institute of Chartered Accountants of Nigeria (ICAN). Abiola has also passed the CFA Program Level II exam.
Alexandra Ekpiken
Vice President, Legal
Alex is a Vice President and Head of the Legal & Compliance Team. Prior to joining Verod, she was General Counsel at an Africa- focused fund of funds. Prior to that, she was a Corporate Lawyer at the New York law firms of Sidley and Fried, Frank, Harris, Shriver and Jacobson advising clients such as Goldman Sachs Capital Partners and Merrill Lynch Asset Management. She previously worked at the UK M&A Regulator where she represented the UK government at high level European Union Advisory Committee on Merger Panels, and was selected for secondment with the European Commission’s Merger Task Force in Brussels. Following that, she joined the law firm of Weil, Gotshal & Manges in London, where she exclusively advised global private equity firms. She received an LLM in Corporate Law from Harvard Law School, an LLB in Law and a BA in Politics from Keele University in the UK. She is an International Fellow of the American Association of University Women.
Olawunmi Abiodun
Company Secretary
Olawunmi is a Senior Manger within the Legal Department and is also the Company Secretary. Prior to joining Verod, she was an Associate Legal Officer with the UN International Criminal Tribunal for the Former Yugoslavia in The Hague where she advised on international law, diplomacy and policy matters. Prior to that, she worked as an Associate with Matrix-Solicitors, where she advised clients on a wide range of corporate and commercial transactions. She received an LLB degree from Obafemi Awolowo University and an LLM in International and European Law, with specialization in International Trade & Investment Law from the University of Amsterdam. She was admitted to the Nigerian Bar as a Barrister and Solicitor of the Supreme Court of Nigeria in 2004, and is a member of the Chartered Institute for Securities and Investment (UK).
Dipo Okuribido
Senior Manager, Legal
Dipo is a Senior Manager within the Legal Department. Prior to joining Verod, he was a Senior Associate at Banwo & Ighodalo, where he worked in the Energy, Tax, Capital Markets and Finance Practices. He has more than seven years experience advising a wide range of clients on M&As in breweries, oil and gas, manufacturing, and fast-moving consumer goods sectors. He received an LLB from the University of Lagos, and is currently studying part-time for an MSc in Finance and Financial Law at SOAS, University of London. He is an Alumnus of the International Lawyers for Africa Programme.
P.P. Pavithran
Head, Finance & Accounting
Pavithran is the Head of the Finance & Accounting Department. Prior to joining Verod, he was a Senior Accountant at GMT Limited where he was responsible for banking matters, treasury and reconciliation. Prior to that, he worked as a Senior Accountant / Commercial Manager at Multi-trade Group, Lagos and as an Accounts Unit Head with Olam Exports. He received a BA in Commerce from University of Calicut, India.
Kayode Akinbowale
Associate, Finance & Accounting
Kayode is an Associate in the Finance & Accounting Department. Prior to joining Verod, he worked with Starmark Nigeria Limited as an Account Officer, and as an Auditor at Olumuyiwa Erinle and Co. (Chartered Accountants). He received an M.Sc. in Finance and a B.Sc. in Accounting from the University of Lagos. He is a registered (student) member of The Association of Chartered Certified Accountants.
Uzoma Okoronkwo
Vice President, HR
Uzoma is a Vice President and Head of Human Resources Department. She Leads the Human Resources & Administration team within Verod and its portfolio companies. She started her career in the Training and Development department of FedEx (Red Star Express) before joining Nestle Nigeria, where she specifically focussed on broader HR roles.  Uzoma subsequently moved to Frigoglass Industries (Nigeria) as the Compensation & Benefits Manager before she joined Coca-Cola (Nigeria) as the HR/Total Rewards Manager and holding various Strategic HR Business Partner roles across their African operations.  Prior to joining Verod, Uzoma was the HR Director of Mouka Limited.  She received a B.Sc in Economics and Sociology from the University of Nigeria, Nsukka and an M.Sc in Organizational Behavior from the University of Lagos.
Kehinde Osileye
Manager, Human Resources
Kehinde is currently a manager in the Human Resources Department. Prior to joining Verod, Kehinde was the Personal Assistant to the Managing Director of Woodstock Electronics Limited, where she managed the director’s day-to-day activities, including the administration of the office and project sites. Prior to that, Kehinde worked with Adeen Properties as an Administrator, where she was accountable for overall office management. She received a B.Sc. in Biochemistry from Lagos State University.
Chinwe Nwuba
Head, Administration
Chinwe is Head of the Administration Department. Prior to joining Verod, she was the Office Manager for Mid Atlantic Energy where she was responsible for the smooth day-to-day running of the office, including payroll administration and supplier management. Prior to that she previously worked with Abraham Holmes Consulting, where she was in charge of recruitment and training. She received a B.Sc. in Mass Communication from Imo State University, Owerri and a certificate in Operation Management from Business School Netherlands (BSN).
Segun Aboderin
Associate, IT
Segun is in charge of Verod’s IT managed services, network solutions, server administration, data protection and software applications. Prior to joining Spinlet, he was the IT Supervisor at Spinlet Ltd, a mobile media distribution platform to download and stream music where he supported day-to-day operation of computer networks including hardware and software. Prior to joining Verod, he was an IT Engineer with Honda Manufacturing Nigeria Ltd, where he supported more than 200 workstations and several physical and virtual network servers. Prior to that he worked at Compliance and Content Monitoring Ltd as Senior Systems/Field Support Engineer, where he was responsible for server installation, power management, site collocation, data retrieval, upload, search and analysis for ROE and decision-making. He received a BA in Physics from University of Ado Ekiti and a Masters in Information Technology from University of Lagos. He is Microsoft Certified IT Professional and a registered member of Institute of Electrical and Electronics Engineering (IEEE).
Cindy Opeyemi
Associate, Administration
Cindy is an Associate in the Administrative Department and the Executive Secretary of Verod Foundation (Verod’s CSR initiative). She oversees the daily organization of office matters and proper implementation of Verod’s operations and procedures; she also supervises Verod's support staff. Prior to joining Verod, she was an Executive Assistant at Living Templates, where she was responsible for administration and logistics. Prior to that, she worked with the NGO, LEAP Africa as an Administrative and Human Resource Officer, where she managed all administrative and human resources duties. She received a Bachelor's Degree in Agricultural Economics from the University of Agriculture, Abeokuta. She is an Associate Member of the Chartered Institute of Personnel Management (CIPM) and is a certified Human Resource Practitioner.

Head Office

Verod Capital Management
Heritage Place, 6th Floor
21 Lugard Avenue
Ikoyi, Lagos, Nigeria
Telephone
+234 (1) 462 8646
+234 (1) 462 8647

Ghana Office

No. 7 Bathur Street
East Legon, Accra, Ghana
Telephone
+233 (302) 947 876

Email
verodfoundation@verodgroup.com
info@verodcapital.com
hr@verodcapital.com

Contact Form

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Partner Companies

Africa Lifestyle Limited (ALL) is a retail platform for branded apparel, accessories and beauty products across West Africa. ALL currently holds franchises from several international fashion brands including Estee Lauder’s M.A.C. and Bobbi Brown brands of make-up, L’Oreal’s Maybelline (Cosmetics) and Levi’s Jeans. It is rolling out stores in malls and airports across Ghana, Nigeria and several other African countries.

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Central Securities Clearing System Plc (CSCS) CSCS is licensed by the Nigerian Securities and Exchange Commission and currently operates a computerized depository, clearing, settlement and delivery system for transactions in securities in the Nigerian Capital Market. It is currently responsible for settlement of all transactions on the Nigerian Stock Exchange as well as all equity and fixed income transactions on the two existing OTC platforms in Nigeria.

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Daystar provides Africa’s industrial and commercial sector with clean and reliable solar power. The company installs and operates captive power solutions, that can integrate solar power, battery storage and back-up generators for commercial, industrial and agricultural clients. Through its technology and systems, the company is able to reduce diesel consumption and energy costs for businesses with no upfront capital expenditure. Daystar is active in Nigeria and Ghana.

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Emzor Pharmaceutical Industries Limited (Emzor) is the leading manufacturer of branded generic pharmaceutical products in Nigeria, ranked as across #1, #2 and #3 the consumer health, OTC sales, and dietary supplements segments of the market, as well as a growing portfolio of ethical products. The company operates three factories in Lagos State, Nigeria, including one WHO-certifiable facility, and a recently completed state-of-the-art manufacturing complex in Ogun State, Nigeria. The group is expanding its footprint across the ethical segments of the drug market and exports products to several West African countries.

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Niyya Food and Drinks Company Limited is an agri-business with 10 million liters fresh fruit production capacity and 5 million liters Yogurt production capacity. Niyya currently manages a sizable orchard for fruit cultivation and manufactures and distributes fresh fruit juice and dairy products across Nigeria.

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Oreon Education Limited (Oreon) was established in 2017. Oreon Education is an education investment vehicle set up to take advantage of the continued growth in demand for quality education in Africa and to partner with family-owned schools to achieve world class standards and enduring growth.

Oreon has invested in the following schools:

Greensprings educational services Nigeria (Greensprings) is an educational service provider offering well-rounded contemporary education from grade 0 to 12 in pre-primary, preparatory, secondary and post-secondary school. The school offers a blend of British and Nigerian curricula and also provides boarding facilities. Established in 1987 the Greensprings has grown from about 15 to 2,670 students in two campuses.

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Rainbow College (RC) is a co-education day and boarding school offering secondary and post-secondary educational services. RC was established in 1996 as an all-boys private college. Rainbow College for girls followed suit in 1998, after which both schools were merged in 2005. Rainbow College offers a blend of British and Nigerian curricula to the secondary segment and the A-level programme to the post-secondary segment. The college operates two campuses; a day school at Surulere, Lagos and a Boarding school at Maba, Ogun state Nigeria. The latter houses the college’s post-secondary segment.

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Pampers Private School (PPS) is a co-education day school established first as a nursery school in 1983. The primary school was included the following year; PPS has since grown to become a leader in the provision of elementary education in Nigeria; The school uses the British Early Years Foundation approach in the nursery section whilst operating a blend of the Nigerian and British curricula in the primary section. Currently the school operates two campuses, its first in Alaka, Surulere and another in Lekki, both in Lagos state, Nigeria.

Visit Website

Rotoprint Limited (Rotoprint) is a leading manufacturer and printer of polyvinyl chloride (PVC) shrink labels which serve over 300 customers in Nigeria’s consumer goods sector, comprising mostly cosmetics, pharmaceuticals, and bottled water companies.

Shaldag Limited (Shaldag) is a greenfield aquaculture production company with a state-of-art intensive aquaculture facility comprising hatcheries, nurseries, and on-growing sections that will be able to produce up to 10,000MT of catfish and tilapia per annum upon completion.

Transnational Academic Group (TAG) provides private education and training services across West and East Africa. The group operates in two major divisions: University partnerships and Corporate / Professional Programs. The Corporate / Professional Programs division offers bespoke training and professional education programs to businesses and government agencies. TAG operates Lancaster University, Ghana and is looking to setup another university in East Africa.

Visit Website

UTL Trust Management Services Ltd (formerly Union Trustees Limited) (UTL) is a leading provider of trusteeship services, fund management, and nominee services to its clients, which include state governments, corporations and individuals.

Visit Website

Africa Lifestyle Limited (ALL) is a retail platform for branded apparel, accessories and beauty products across West Africa. ALL currently holds franchises from several international fashion brands including Estee Lauder’s M.A.C. and Bobbi Brown brands of make-up, L’Oreal’s Maybelline (Cosmetics) and Levi’s Jeans. It is rolling out stores in malls and airports across Ghana, Nigeria and several other African countries.

Visit Website

Central Securities Clearing System Plc (CSCS) CSCS is licensed by the Nigerian Securities and Exchange Commission and currently operates a computerized depository, clearing, settlement and delivery system for transactions in securities in the Nigerian Capital Market. It is currently responsible for settlement of all transactions on the Nigerian Stock Exchange as well as all equity and fixed income transactions on the two existing OTC platforms in Nigeria.

Visit Website

Daystar provides Africa’s industrial and commercial sector with clean and reliable solar power. The company installs and operates captive power solutions, that can integrate solar power, battery storage and back-up generators for commercial, industrial and agricultural clients. Through its technology and systems, the company is able to reduce diesel consumption and energy costs for businesses with no upfront capital expenditure. Daystar is active in Nigeria and Ghana.

Visit Website

Emzor Pharmaceutical Industries Limited (Emzor) is the leading manufacturer of branded generic pharmaceutical products in Nigeria, ranked as across #1, #2 and #3 the consumer health, OTC sales, and dietary supplements segments of the market, as well as a growing portfolio of ethical products. The company operates three factories in Lagos State, Nigeria, including one WHO-certifiable facility, and a recently completed state-of-the-art manufacturing complex in Ogun State, Nigeria. The group is expanding its footprint across the ethical segments of the drug market and exports products to several West African countries.

Visit Website

Niyya Food and Drinks Company Limited is an agri-business with 10 million liters fresh fruit production capacity and 5 million liters Yogurt production capacity. Niyya currently manages a sizable orchard for fruit cultivation and manufactures and distributes fresh fruit juice and dairy products across Nigeria.

Visit Website

Oreon Education Limited (Oreon) was established in 2017. Oreon Education is an education investment vehicle set up to take advantage of the continued growth in demand for quality education in Africa and to partner with family-owned schools to achieve world class standards and enduring growth.

Oreon has invested in the following schools:

Greensprings educational services Nigeria (Greensprings) is an educational service provider offering well-rounded contemporary education from grade 0 to 12 in pre-primary, preparatory, secondary and post-secondary school. The school offers a blend of British and Nigerian curricula and also provides boarding facilities. Established in 1987 the Greensprings has grown from about 15 to 2,670 students in two campuses.

Visit Website

Rainbow College (RC) is a co-education day and boarding school offering secondary and post-secondary educational services. RC was established in 1996 as an all-boys private college. Rainbow College for girls followed suit in 1998, after which both schools were merged in 2005. Rainbow College offers a blend of British and Nigerian curricula to the secondary segment and the A-level programme to the post-secondary segment. The college operates two campuses; a day school at Surulere, Lagos and a Boarding school at Maba, Ogun state Nigeria. The latter houses the college’s post-secondary segment.

Visit Website

Pampers Private School (PPS) is a co-education day school established first as a nursery school in 1983. The primary school was included the following year; PPS has since grown to become a leader in the provision of elementary education in Nigeria; The school uses the British Early Years Foundation approach in the nursery section whilst operating a blend of the Nigerian and British curricula in the primary section. Currently the school operates two campuses, its first in Alaka, Surulere and another in Lekki, both in Lagos state, Nigeria.

Visit Website

Rotoprint Limited (Rotoprint) is a leading manufacturer and printer of polyvinyl chloride (PVC) shrink labels which serve over 300 customers in Nigeria’s consumer goods sector, comprising mostly cosmetics, pharmaceuticals, and bottled water companies.

Shaldag Limited (Shaldag) is a greenfield aquaculture production company with a state-of-art intensive aquaculture facility comprising hatcheries, nurseries, and on-growing sections that will be able to produce up to 10,000MT of catfish and tilapia per annum upon completion.

Transnational Academic Group (TAG) provides private education and training services across West and East Africa. The group operates in two major divisions: University partnerships and Corporate / Professional Programs. The Corporate / Professional Programs division offers bespoke training and professional education programs to businesses and government agencies. TAG operates Lancaster University, Ghana and is looking to setup another university in East Africa.

Visit Website

UTL Trust Management Services Ltd (formerly Union Trustees Limited) (UTL) is a leading provider of trusteeship services, fund management, and nominee services to its clients, which include state governments, corporations and individuals.

Visit Website

Africa Lifestyle
Pan-African
Consumer Retail
Africa Lifestyle Limited (ALL) is a retail platform for branded apparel, accessories and beauty products across West Africa. ALL currently holds franchises from several international fashion brands including Estee Lauder’s M.A.C. and Bobbi Brown brands of make-up, L’Oreal’s Maybelline (Cosmetics) and Levi’s Jeans. It is rolling out stores in malls and airports across Ghana, Nigeria and several other African countries.

Visit Website

CSCS
Nigeria
Business Services
Central Securities Clearing System Plc (CSCS) CSCS is licensed by the Nigerian Securities and Exchange Commission and currently operates a computerized depository, clearing, settlement and delivery system for transactions in securities in the Nigerian Capital Market. It is currently responsible for settlement of all transactions on the Nigerian Stock Exchange as well as all equity and fixed income transactions on the two existing OTC platforms in Nigeria.

Visit Website

Daystar
Nigeria and Ghana
Daystar provides Africa’s industrial and commercial sector with clean and reliable solar power. The company installs and operates captive power solutions, that can integrate solar power, battery storage and back-up generators for commercial, industrial and agricultural clients. Through its technology and systems, the company is able to reduce diesel consumption and energy costs for businesses with no upfront capital expenditure. Daystar is active in Nigeria and Ghana.

Visit Website

Emzor
Nigeria
Pharmaceutical
Emzor Pharmaceutical Industries Limited (Emzor) is the leading manufacturer of branded generic pharmaceutical products in Nigeria, ranked as across #1, #2 and #3 the consumer health, OTC sales, and dietary supplements segments of the market, as well as a growing portfolio of ethical products. The company operates three factories in Lagos State, Nigeria, including one WHO-certifiable facility, and a recently completed state-of-the-art manufacturing complex in Ogun State, Nigeria. The group is expanding its footprint across the ethical segments of the drug market and exports products to several West African countries.

Visit Website

Niyya Food and Drinks
Nigeria
Agri-business
Niyya Food and Drinks Company Limited is an agri-business with 10 million liters fresh fruit production capacity and 5 million liters Yogurt production capacity. Niyya currently manages a sizable orchard for fruit cultivation and manufactures and distributes fresh fruit juice and dairy products across Nigeria.

Visit Website

Oreon Education
Nigeria
Education
Oreon Education Limited (Oreon) was established in 2017. Oreon Education is an education investment vehicle set up to take advantage of the continued growth in demand for quality education in Africa and to partner with family-owned schools to achieve world class standards and enduring growth.

Oreon has invested in the following schools:

Greensprings educational services Nigeria (Greensprings) is an educational service provider offering well-rounded contemporary education from grade 0 to 12 in pre-primary, preparatory, secondary and post-secondary school. The school offers a blend of British and Nigerian curricula and also provides boarding facilities. Established in 1987 the Greensprings has grown from about 15 to 2,670 students in two campuses.

Visit Website

Rainbow College (RC) is a co-education day and boarding school offering secondary and post-secondary educational services. RC was established in 1996 as an all-boys private college. Rainbow College for girls followed suit in 1998, after which both schools were merged in 2005. Rainbow College offers a blend of British and Nigerian curricula to the secondary segment and the A-level programme to the post-secondary segment. The college operates two campuses; a day school at Surulere, Lagos and a Boarding school at Maba, Ogun state Nigeria. The latter houses the college’s post-secondary segment.

Visit Website

Pampers Private School (PPS) is a co-education day school established first as a nursery school in 1983. The primary school was included the following year; PPS has since grown to become a leader in the provision of elementary education in Nigeria; The school uses the British Early Years Foundation approach in the nursery section whilst operating a blend of the Nigerian and British curricula in the primary section. Currently the school operates two campuses, its first in Alaka, Surulere and another in Lekki, both in Lagos state, Nigeria.

Visit Website

Rotoprint
Nigeria
Manufacturing
Rotoprint Limited (Rotoprint) is a leading manufacturer and printer of polyvinyl chloride (PVC) shrink labels which serve over 300 customers in Nigeria’s consumer goods sector, comprising mostly cosmetics, pharmaceuticals, and bottled water companies.

Shaldag
Nigeria
Agriculture
Shaldag Limited (Shaldag) is a greenfield aquaculture production company with a state-of-art intensive aquaculture facility comprising hatcheries, nurseries, and on-growing sections that will be able to produce up to 10,000MT of catfish and tilapia per annum upon completion.

Tag
Accra, Ghana
Education
Transnational Academic Group (TAG) provides private education and training services across West and East Africa. The group operates in two major divisions: University partnerships and Corporate / Professional Programs. The Corporate / Professional Programs division offers bespoke training and professional education programs to businesses and government agencies. TAG operates Lancaster University, Ghana and is looking to setup another university in East Africa.

Visit Website

UTL Trust Management
Nigeria
Financial Services
UTL Trust Management Services Ltd (formerly Union Trustees Limited) (UTL) is a leading provider of trusteeship services, fund management, and nominee services to its clients, which include state governments, corporations and individuals.

Visit Website

GZ Industries Limited is West Africa’s first and leading Aluminum beverage can manufacturing company. GZI currently runs two state-of-art manufacturing plants in Nigeria (Lagos and Aba) with a combined production capacity of 1.8 billion cans per annum and has facilities at various stages of development across other African countries including Kenya.

Visit Website

H.F.P. Engineering Limited (HFP) s a building and civil engineering company, which specializes in conventional building construction techniques, prefabrication systems and infrastructure construction and development.

Visit Website

SacOil Holdings Limited (SacOil) is a South African based independent oil and gas company, with a diverse portfolio of exploration, appraisal and production assets across a number of African countries. SacOil also participates in several midstream and downstream projects across Africa. The company is dual-listed on the Johannesburg Stock Exchange and the Alternative Investment Market of the London Stock Exchange.

Visit Website

Spinlet Limited (Spinlet) is a mobile media distribution platform positioned specifically for the African market, which allows users to download and stream music to their mobile devices.

Visit Website

GZ Industries Limited is West Africa’s first and leading Aluminum beverage can manufacturing company. GZI currently runs two state-of-art manufacturing plants in Nigeria (Lagos and Aba) with a combined production capacity of 1.8 billion cans per annum and has facilities at various stages of development across other African countries including Kenya.

Visit Website

H.F.P. Engineering Limited (HFP) s a building and civil engineering company, which specializes in conventional building construction techniques, prefabrication systems and infrastructure construction and development.

Visit Website

SacOil Holdings Limited (SacOil) is a South African based independent oil and gas company, with a diverse portfolio of exploration, appraisal and production assets across a number of African countries. SacOil also participates in several midstream and downstream projects across Africa. The company is dual-listed on the Johannesburg Stock Exchange and the Alternative Investment Market of the London Stock Exchange.

Visit Website

Spinlet Limited (Spinlet) is a mobile media distribution platform positioned specifically for the African market, which allows users to download and stream music to their mobile devices.

Visit Website

GZI Industries
Nigeria and Kenya
Manufacturing
GZ Industries Limited is West Africa’s first and leading Aluminum beverage can manufacturing company. GZI currently runs two state-of-art manufacturing plants in Nigeria (Lagos and Aba) with a combined production capacity of 1.8 billion cans per annum and has facilities at various stages of development across other African countries including Kenya.

Visit Website

HFP Engineering
Nigeria
Engineering
H.F.P. Engineering Limited (HFP) s a building and civil engineering company, which specializes in conventional building construction techniques, prefabrication systems and infrastructure construction and development.

Visit Website

SacOil
Pan Africa
Oil and Gas
SacOil Holdings Limited (SacOil) is a South African based independent oil and gas company, with a diverse portfolio of exploration, appraisal and production assets across a number of African countries. SacOil also participates in several midstream and downstream projects across Africa. The company is dual-listed on the Johannesburg Stock Exchange and the Alternative Investment Market of the London Stock Exchange.

Visit Website

Spinlet
Pan Africa
Media and Technology
Spinlet Limited (Spinlet) is a mobile media distribution platform positioned specifically for the African market, which allows users to download and stream music to their mobile devices.

Visit Website

Africa Lifestyle Limited (ALL) is a retail platform for branded apparel, accessories and beauty products across West Africa. ALL currently holds franchises from several international fashion brands including Estee Lauder’s M.A.C. and Bobbi Brown brands of make-up, L’Oreal’s Maybelline (Cosmetics) and Levi’s Jeans. It is rolling out stores in malls and airports across Ghana, Nigeria and several other African countries.

Visit Website

Central Securities Clearing System Plc (CSCS) CSCS is licensed by the Nigerian Securities and Exchange Commission and currently operates a computerized depository, clearing, settlement and delivery system for transactions in securities in the Nigerian Capital Market. It is currently responsible for settlement of all transactions on the Nigerian Stock Exchange as well as all equity and fixed income transactions on the two existing OTC platforms in Nigeria.

Visit Website

Daystar provides Africa’s industrial and commercial sector with clean and reliable solar power. The company installs and operates captive power solutions, that can integrate solar power, battery storage and back-up generators for commercial, industrial and agricultural clients. Through its technology and systems, the company is able to reduce diesel consumption and energy costs for businesses with no upfront capital expenditure. Daystar is active in Nigeria and Ghana.

Visit Website

Emzor Pharmaceutical Industries Limited (Emzor) is the leading manufacturer of branded generic pharmaceutical products in Nigeria, ranked as across #1, #2 and #3 the consumer health, OTC sales, and dietary supplements segments of the market, as well as a growing portfolio of ethical products. The company operates three factories in Lagos State, Nigeria, including one WHO-certifiable facility, and a recently completed state-of-the-art manufacturing complex in Ogun State, Nigeria. The group is expanding its footprint across the ethical segments of the drug market and exports products to several West African countries.

Visit Website

GZ Industries Limited is West Africa’s first and leading Aluminum beverage can manufacturing company. GZI currently runs two state-of-art manufacturing plants in Nigeria (Lagos and Aba) with a combined production capacity of 1.8 billion cans per annum and has facilities at various stages of development across other African countries including Kenya.

Visit Website

H.F.P. Engineering Limited (HFP) s a building and civil engineering company, which specializes in conventional building construction techniques, prefabrication systems and infrastructure construction and development.

Visit Website

Niyya Food and Drinks Company Limited is an agri-business with 10 million liters fresh fruit production capacity and 5 million liters Yogurt production capacity. Niyya currently manages a sizable orchard for fruit cultivation and manufactures and distributes fresh fruit juice and dairy products across Nigeria.

Visit Website

Oreon Education Limited (Oreon) was established in 2017. Oreon Education is an education investment vehicle set up to take advantage of the continued growth in demand for quality education in Africa and to partner with family-owned schools to achieve world class standards and enduring growth.

Oreon has invested in the following schools:

Greensprings educational services Nigeria (Greensprings) is an educational service provider offering well-rounded contemporary education from grade 0 to 12 in pre-primary, preparatory, secondary and post-secondary school. The school offers a blend of British and Nigerian curricula and also provides boarding facilities. Established in 1987 the Greensprings has grown from about 15 to 2,670 students in two campuses.

Visit Website

Rainbow College (RC) is a co-education day and boarding school offering secondary and post-secondary educational services. RC was established in 1996 as an all-boys private college. Rainbow College for girls followed suit in 1998, after which both schools were merged in 2005. Rainbow College offers a blend of British and Nigerian curricula to the secondary segment and the A-level programme to the post-secondary segment. The college operates two campuses; a day school at Surulere, Lagos and a Boarding school at Maba, Ogun state Nigeria. The latter houses the college’s post-secondary segment.

Visit Website

Pampers Private School (PPS) is a co-education day school established first as a nursery school in 1983. The primary school was included the following year; PPS has since grown to become a leader in the provision of elementary education in Nigeria; The school uses the British Early Years Foundation approach in the nursery section whilst operating a blend of the Nigerian and British curricula in the primary section. Currently the school operates two campuses, its first in Alaka, Surulere and another in Lekki, both in Lagos state, Nigeria.

Visit Website

Rotoprint Limited (Rotoprint) is a leading manufacturer and printer of polyvinyl chloride (PVC) shrink labels which serve over 300 customers in Nigeria’s consumer goods sector, comprising mostly cosmetics, pharmaceuticals, and bottled water companies.

SacOil Holdings Limited (SacOil) is a South African based independent oil and gas company, with a diverse portfolio of exploration, appraisal and production assets across a number of African countries. SacOil also participates in several midstream and downstream projects across Africa. The company is dual-listed on the Johannesburg Stock Exchange and the Alternative Investment Market of the London Stock Exchange.

Visit Website

Shaldag Limited (Shaldag) is a greenfield aquaculture production company with a state-of-art intensive aquaculture facility comprising hatcheries, nurseries, and on-growing sections that will be able to produce up to 10,000MT of catfish and tilapia per annum upon completion.

Spinlet Limited (Spinlet) is a mobile media distribution platform positioned specifically for the African market, which allows users to download and stream music to their mobile devices.

Visit Website

Transnational Academic Group (TAG) provides private education and training services across West and East Africa. The group operates in two major divisions: University partnerships and Corporate / Professional Programs. The Corporate / Professional Programs division offers bespoke training and professional education programs to businesses and government agencies. TAG operates Lancaster University, Ghana and is looking to setup another university in East Africa.

Visit Website

UTL Trust Management Services Ltd (formerly Union Trustees Limited) (UTL) is a leading provider of trusteeship services, fund management, and nominee services to its clients, which include state governments, corporations and individuals.

Visit Website

Africa Lifestyle Limited (ALL) is a retail platform for branded apparel, accessories and beauty products across West Africa. ALL currently holds franchises from several international fashion brands including Estee Lauder’s M.A.C. and Bobbi Brown brands of make-up, L’Oreal’s Maybelline (Cosmetics) and Levi’s Jeans. It is rolling out stores in malls and airports across Ghana, Nigeria and several other African countries.

Visit Website

Central Securities Clearing System Plc (CSCS) CSCS is licensed by the Nigerian Securities and Exchange Commission and currently operates a computerized depository, clearing, settlement and delivery system for transactions in securities in the Nigerian Capital Market. It is currently responsible for settlement of all transactions on the Nigerian Stock Exchange as well as all equity and fixed income transactions on the two existing OTC platforms in Nigeria.

Visit Website

Daystar provides Africa’s industrial and commercial sector with clean and reliable solar power. The company installs and operates captive power solutions, that can integrate solar power, battery storage and back-up generators for commercial, industrial and agricultural clients. Through its technology and systems, the company is able to reduce diesel consumption and energy costs for businesses with no upfront capital expenditure. Daystar is active in Nigeria and Ghana.

Visit Website

Emzor Pharmaceutical Industries Limited (Emzor) is the leading manufacturer of branded generic pharmaceutical products in Nigeria, ranked as across #1, #2 and #3 the consumer health, OTC sales, and dietary supplements segments of the market, as well as a growing portfolio of ethical products. The company operates three factories in Lagos State, Nigeria, including one WHO-certifiable facility, and a recently completed state-of-the-art manufacturing complex in Ogun State, Nigeria. The group is expanding its footprint across the ethical segments of the drug market and exports products to several West African countries.

Visit Website

GZ Industries Limited is West Africa’s first and leading Aluminum beverage can manufacturing company. GZI currently runs two state-of-art manufacturing plants in Nigeria (Lagos and Aba) with a combined production capacity of 1.8 billion cans per annum and has facilities at various stages of development across other African countries including Kenya.

Visit Website

H.F.P. Engineering Limited (HFP) s a building and civil engineering company, which specializes in conventional building construction techniques, prefabrication systems and infrastructure construction and development.

Visit Website

Niyya Food and Drinks Company Limited is an agri-business with 10 million liters fresh fruit production capacity and 5 million liters Yogurt production capacity. Niyya currently manages a sizable orchard for fruit cultivation and manufactures and distributes fresh fruit juice and dairy products across Nigeria.

Visit Website

Oreon Education Limited (Oreon) was established in 2017. Oreon Education is an education investment vehicle set up to take advantage of the continued growth in demand for quality education in Africa and to partner with family-owned schools to achieve world class standards and enduring growth.

Oreon has invested in the following schools:

Greensprings educational services Nigeria (Greensprings) is an educational service provider offering well-rounded contemporary education from grade 0 to 12 in pre-primary, preparatory, secondary and post-secondary school. The school offers a blend of British and Nigerian curricula and also provides boarding facilities. Established in 1987 the Greensprings has grown from about 15 to 2,670 students in two campuses.

Visit Website

Rainbow College (RC) is a co-education day and boarding school offering secondary and post-secondary educational services. RC was established in 1996 as an all-boys private college. Rainbow College for girls followed suit in 1998, after which both schools were merged in 2005. Rainbow College offers a blend of British and Nigerian curricula to the secondary segment and the A-level programme to the post-secondary segment. The college operates two campuses; a day school at Surulere, Lagos and a Boarding school at Maba, Ogun state Nigeria. The latter houses the college’s post-secondary segment.

Visit Website

Pampers Private School (PPS) is a co-education day school established first as a nursery school in 1983. The primary school was included the following year; PPS has since grown to become a leader in the provision of elementary education in Nigeria; The school uses the British Early Years Foundation approach in the nursery section whilst operating a blend of the Nigerian and British curricula in the primary section. Currently the school operates two campuses, its first in Alaka, Surulere and another in Lekki, both in Lagos state, Nigeria.

Visit Website

Rotoprint Limited (Rotoprint) is a leading manufacturer and printer of polyvinyl chloride (PVC) shrink labels which serve over 300 customers in Nigeria’s consumer goods sector, comprising mostly cosmetics, pharmaceuticals, and bottled water companies.

SacOil Holdings Limited (SacOil) is a South African based independent oil and gas company, with a diverse portfolio of exploration, appraisal and production assets across a number of African countries. SacOil also participates in several midstream and downstream projects across Africa. The company is dual-listed on the Johannesburg Stock Exchange and the Alternative Investment Market of the London Stock Exchange.

Visit Website

Shaldag Limited (Shaldag) is a greenfield aquaculture production company with a state-of-art intensive aquaculture facility comprising hatcheries, nurseries, and on-growing sections that will be able to produce up to 10,000MT of catfish and tilapia per annum upon completion.

Spinlet Limited (Spinlet) is a mobile media distribution platform positioned specifically for the African market, which allows users to download and stream music to their mobile devices.

Visit Website

Transnational Academic Group (TAG) provides private education and training services across West and East Africa. The group operates in two major divisions: University partnerships and Corporate / Professional Programs. The Corporate / Professional Programs division offers bespoke training and professional education programs to businesses and government agencies. TAG operates Lancaster University, Ghana and is looking to setup another university in East Africa.

Visit Website

UTL Trust Management Services Ltd (formerly Union Trustees Limited) (UTL) is a leading provider of trusteeship services, fund management, and nominee services to its clients, which include state governments, corporations and individuals.

Visit Website

Africa Lifestyle
Pan-African
Consumer Retail
Africa Lifestyle Limited (ALL) is a retail platform for branded apparel, accessories and beauty products across West Africa. ALL currently holds franchises from several international fashion brands including Estee Lauder’s M.A.C. and Bobbi Brown brands of make-up, L’Oreal’s Maybelline (Cosmetics) and Levi’s Jeans. It is rolling out stores in malls and airports across Ghana, Nigeria and several other African countries.

Visit Website

CSCS
Nigeria
Business Services
Central Securities Clearing System Plc (CSCS) CSCS is licensed by the Nigerian Securities and Exchange Commission and currently operates a computerized depository, clearing, settlement and delivery system for transactions in securities in the Nigerian Capital Market. It is currently responsible for settlement of all transactions on the Nigerian Stock Exchange as well as all equity and fixed income transactions on the two existing OTC platforms in Nigeria.

Visit Website

Daystar
Nigeria and Ghana
Daystar provides Africa’s industrial and commercial sector with clean and reliable solar power. The company installs and operates captive power solutions, that can integrate solar power, battery storage and back-up generators for commercial, industrial and agricultural clients. Through its technology and systems, the company is able to reduce diesel consumption and energy costs for businesses with no upfront capital expenditure. Daystar is active in Nigeria and Ghana.

Visit Website

Emzor
Nigeria
Pharmaceutical
Emzor Pharmaceutical Industries Limited (Emzor) is the leading manufacturer of branded generic pharmaceutical products in Nigeria, ranked as across #1, #2 and #3 the consumer health, OTC sales, and dietary supplements segments of the market, as well as a growing portfolio of ethical products. The company operates three factories in Lagos State, Nigeria, including one WHO-certifiable facility, and a recently completed state-of-the-art manufacturing complex in Ogun State, Nigeria. The group is expanding its footprint across the ethical segments of the drug market and exports products to several West African countries.

Visit Website

GZI Industries
Nigeria and Kenya
Manufacturing
GZ Industries Limited is West Africa’s first and leading Aluminum beverage can manufacturing company. GZI currently runs two state-of-art manufacturing plants in Nigeria (Lagos and Aba) with a combined production capacity of 1.8 billion cans per annum and has facilities at various stages of development across other African countries including Kenya.

Visit Website

HFP Engineering
Nigeria
Engineering
H.F.P. Engineering Limited (HFP) s a building and civil engineering company, which specializes in conventional building construction techniques, prefabrication systems and infrastructure construction and development.

Visit Website

Niyya Food and Drinks
Nigeria
Agri-business
Niyya Food and Drinks Company Limited is an agri-business with 10 million liters fresh fruit production capacity and 5 million liters Yogurt production capacity. Niyya currently manages a sizable orchard for fruit cultivation and manufactures and distributes fresh fruit juice and dairy products across Nigeria.

Visit Website

Oreon Education
Nigeria
Education
Oreon Education Limited (Oreon) was established in 2017. Oreon Education is an education investment vehicle set up to take advantage of the continued growth in demand for quality education in Africa and to partner with family-owned schools to achieve world class standards and enduring growth.

Oreon has invested in the following schools:

Greensprings educational services Nigeria (Greensprings) is an educational service provider offering well-rounded contemporary education from grade 0 to 12 in pre-primary, preparatory, secondary and post-secondary school. The school offers a blend of British and Nigerian curricula and also provides boarding facilities. Established in 1987 the Greensprings has grown from about 15 to 2,670 students in two campuses.

Visit Website

Rainbow College (RC) is a co-education day and boarding school offering secondary and post-secondary educational services. RC was established in 1996 as an all-boys private college. Rainbow College for girls followed suit in 1998, after which both schools were merged in 2005. Rainbow College offers a blend of British and Nigerian curricula to the secondary segment and the A-level programme to the post-secondary segment. The college operates two campuses; a day school at Surulere, Lagos and a Boarding school at Maba, Ogun state Nigeria. The latter houses the college’s post-secondary segment.

Visit Website

Pampers Private School (PPS) is a co-education day school established first as a nursery school in 1983. The primary school was included the following year; PPS has since grown to become a leader in the provision of elementary education in Nigeria; The school uses the British Early Years Foundation approach in the nursery section whilst operating a blend of the Nigerian and British curricula in the primary section. Currently the school operates two campuses, its first in Alaka, Surulere and another in Lekki, both in Lagos state, Nigeria.

Visit Website

Rotoprint
Nigeria
Manufacturing
Rotoprint Limited (Rotoprint) is a leading manufacturer and printer of polyvinyl chloride (PVC) shrink labels which serve over 300 customers in Nigeria’s consumer goods sector, comprising mostly cosmetics, pharmaceuticals, and bottled water companies.

SacOil
Pan Africa
Oil and Gas
SacOil Holdings Limited (SacOil) is a South African based independent oil and gas company, with a diverse portfolio of exploration, appraisal and production assets across a number of African countries. SacOil also participates in several midstream and downstream projects across Africa. The company is dual-listed on the Johannesburg Stock Exchange and the Alternative Investment Market of the London Stock Exchange.

Visit Website

Shaldag
Nigeria
Agriculture
Shaldag Limited (Shaldag) is a greenfield aquaculture production company with a state-of-art intensive aquaculture facility comprising hatcheries, nurseries, and on-growing sections that will be able to produce up to 10,000MT of catfish and tilapia per annum upon completion.

Spinlet
Pan Africa
Media and Technology
Spinlet Limited (Spinlet) is a mobile media distribution platform positioned specifically for the African market, which allows users to download and stream music to their mobile devices.

Visit Website

Tag
Accra, Ghana
Education
Transnational Academic Group (TAG) provides private education and training services across West and East Africa. The group operates in two major divisions: University partnerships and Corporate / Professional Programs. The Corporate / Professional Programs division offers bespoke training and professional education programs to businesses and government agencies. TAG operates Lancaster University, Ghana and is looking to setup another university in East Africa.

Visit Website

UTL Trust Management
Nigeria
Financial Services
UTL Trust Management Services Ltd (formerly Union Trustees Limited) (UTL) is a leading provider of trusteeship services, fund management, and nominee services to its clients, which include state governments, corporations and individuals.

Visit Website

Shared Value

“We are generating attractive returns and creating substantial co-investment opportunities for our investors, while developing positive economic, environmental and social impact for the local economy.”

Eric Idiahi, Verod Capital’s Co-founder and Partner

Our Policy

Verod is a responsible investor with a commitment to creating shared value deeply embedded through its operations both on firm and portfolio level. Verod aims to generate economic value in a way that also produces value and sustainability for the communities in which it operates.

Underpinning its corporate philosophy and growth path is an appreciation that its growth objectives cannot be achieved effectively without a committed focus on sustainable development; Verod firmly believes that successful investing and responsible investing are not mutually incompatible.

— Learn More

Environmental, Social and Governance Policy Summary

This is a summary of Verod Capital Management’s ESG Policy. The information contained here is intended for information purposes only and should not be relied on for completeness.

1. Overview

At Verod, we recognise that it is critical for our investments to contribute to building sustainable societies and environments to achieve a return on investment. To this end, we are committed to developing, implementing and continuously improving management of ESG issues and to structuring investments with the policies, governance structures, targets and reporting systems to effectively manage the risks and opportunities that sustainable development presents.

In line with our ESG commitments, we will strive to ensure that adequate human, technical and financial resources are constantly available to ensure implementation of our ESG Policy.

2. Management Commitment

Verod’s board and executive management are committed to ensuring that adequate human, technical and financial resources are available to ensure implementation of the firm’s ESG Policy and to procuring that all firm, and portfolio company activities are carried out in a socially responsible and environmentally sustainable manner.

3. Principles

In order to meet our ESG objectives, we have set the following ESG operational requirements:

  1. We will conduct induction sessions to educate and inform new Verod personnel of the operational requirements and other aspects of the ESG policy and will continually enlighten and update our team on ESG issues and risks;
  2. We will screen our prospective investee companies for ESG risks, impacts and benefits prior to approving any investment through a well-defined due diligence analyses and decision-making process;
  3. We will strive to ensure that our portfolio companies comply with any agreed Environmental and Social Action Plans (resulting from our screening and due diligence) based on the IFC Performance Standards, AfDB Integrated Safeguard System and Operational Safeguard Standards and other applicable requirements, within an agreed time period;
  4. We will require the adoption of ESG and business integrity Standards by all of our portfolio companies, as well as their business partners and participants in their supply chains;
  5. We will monitor and report on our contribution to ESG development of our portfolio companies in a transparent, credible and timeous manner, based on a “three tier” framework involving a Director of Verod, a designated Fund ESG Manager, Senior Investment Officers, and Portfolio Company ESG Officers.
4. Applicable Codes and Standards

In implementing this ESG Policy, Verod has recourse to internationally recognised standards, national laws, ESG policies and standards of investors, and ESG requirements of side letters executed with investors.

In particular, Verod will have recourse to the International Finance Corporation Performance Standards, the African Development Bank’s Integrated Safeguard System and Operational Safeguard Standards, FMO’s ESG Policy and the World Bank’s General Environment, Health and Safety Guidelines.

Verod strives to ensure compliance and compliance by portfolio companies, with all applicable national laws, rules and regulations of any government, regulatory body, organisation and licensing agency but in the event of an absence of national standards and/or regulations in a relevant country, or a conflict between international standards or investors’ codes & standards, Verod and its portfolio companies comply with the more strict law, rule or regulation.

5. Resources and Capabilities

Financial resources required for implementation of Verod’s ESG Policy are incorporated in our annual budget and deal fees and expenses for potential investments always include estimates of ESG deal fees proposed to be incurred in relation to the relevant investment.

As a rule, external consultants are always engaged to perform, implement and oversee Social and Environmental Due Diligences for all Category A and Category B projects, whilst Social and Environmental Due Diligence studies for all Category C Projects will be conducted internally by the ESG Manager and Senior Investment Officer.

6. Reporting

Verod provides the following categories of reports to its investors:

  1. Major Incidents - The portfolio company ESG Manager is required to provide reports to Verod for further reporting to the Investment Committee and investors on significant incidents including Fires or explosions; Significant fuel/chemical spills; Significant pollution discharges above limits of normal operation; Major work-related injuries (including injured employees, contractors and members of public); Work-related fatalities (including deaths of employees, contractors and members of public); Incidents significantly affecting the health of employees, contractors or members of public); Regulator enforcement actions/notices; Major security breaches etc. Portfolio companies are to notify Verod of these issues as soon as they occur and Verod, in turn is to notify investors within 3 business days after becoming aware.
  2. Quarterly Reporting - The Fund ESG Manager will be responsible for compiling the quarterly reports in partnership with the Portfolio Company ESG Officer, which must detail all ESG policy processes and changes enacted during the period. Reports will include information on the categorisation of investments as well as details of progress with implementation of pre-agreed action plans and any corrective actions for identified noncompliance issues.
  3. Annual Report - Verod will deliver to investors, an Annual ESG Performance Report and Development Impact Report within 60 days of the end of the financial year. The report will afford Verod an opportunity to review or adjust the ESG Policy and identify areas for improving their implementation as necessary. It will include updates on Implementation and operation of ESG policies; ESG performance of the all applicable Portfolio Companies over the last twelve months, illustrating progress and challenges encountered since the last annual ESG report, and Status of Portfolio Companies respective Environmental and Social Action Plans (if applicable).
7. External Engagement

Verod’s ESG Policy reflects the firm’s fundamental beliefs as regards Environmental and Social issues. Verod however also values the opinion of portfolio companies, regulators, business partners and other stakeholders and aims to engage stakeholders continuously. This exchange of ideas provides relevant input for internal discussions and positioning on ESG issues.

To provide feedback as regards any aspects of the ESG policy or in relation to any environmental or social impacts of any Verod financed companies or projects, please contact Alex Ekpiken, Vice President and General Counsel at alex.ekpiken@verodcapital.com.

8. Review

Verod’s ESG Policy is reviewed annually unless an earlier review is triggered by recommendations of the Investment Committee and/or the LP Advisory Committee of its Funds.

We are commited to

Health and Safety

Verod is committed to safeguarding the health and safety of its employees, employees of underlying investee companies, and other stakeholders (including members of the host communities), by adhering to stringent policies on working conditions and labor rights. Verod insists on proper PPE for construction or manufacturing, adopts high standards in its food processing and handling, and typically implements processes to deal with waste management (including any hazardous waste), and protection of local resources such as groundwater and where appropriate, will also devise robust biodiversity conservation plans to protect local wildlife and ecosystem.

Job Creation

Verod typically aims to upgrade working conditions for jobs directly created or saved by Verod’s investments by standardizing terms of employment and offering better than minimum wages, including health care, pensions and related benefits. Verod actively supports the creation and expansion of indirect employment opportunities through partnership with local suppliers and service providers.

Developing Local Industries

Verod promotes the use of cutting edge technology in operation of its investees companies. Verod has also developed or supported companies that provide a viable import-substitution which results in technology transfer and development of human capital. This in turn has led to further advancement of local industries through partnership with local providers, knowledge transfer and know-how sharing, which can act as a catalyst for technological advancement within these local industries.

Energy Efficiency

Verod consistently promotes the adoption of energy-efficient technologies and processes in all of its investee companies and where possible, adopts eco-friendly energy sources that reduce environmental degradation, produce lower levels of CO2 emissions and are generally more cost effective.

Community Development

As far as practicable, Verod strives to employ from within the local community in which it operates and is a believer in early engagement with the community by adopting a proactive stakeholder engagement plan. Verod has donated free medical services, participated in youth apprentices, provided support to local schools and built roads that connect rural areas. Verod has found that improving local trading links positively impacts the local economy (and livelihood) of its surrounding communities.

Women Empowerment

Verod is a major advocate of gender equality and women empowerment and strives to ensure that all of its investee companies operate as equal opportunity employers of labor with well-entrenched rules against discrimination. Verod has invested in partner companies that are run by women, or that have predominant female senior management teams.

Case Studies

GZ Industries Limited

GZ Industries Limited (“GZI”) is West Africa’s first and leading aluminium beverage can manufacturing business. The company manufactures and promotes the use of aluminium cans, which are 100% recyclable by local and multinational brewing and beverage companies. Amongst the shared values initiatives promoted, GZI shows its commitment to the local community by providing boreholes for clean water, good roads, recreational facilities and free medical services.

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GZI currently runs a recycling scheme involving school students collecting used cans and exchanging them for school equipment and or facility repairs. GZI instituted a proactive policy to employ staff from its host communities and provides substantial engineering and technical training, as well as accommodation for staff members. GZI further demonstrates its commitment to the environment via the use of gas turbines to reduce emissions, and by using plastic returnable pallets (first in Nigeria) to reduce waste and combining heating and cooling systems to reduce energy requirements. On World Malaria Day, GZI presented mosquito nets to some of the inhabitants of Gberefu Village and in conjunction with members of the Rotary Club in Badagry Lagos State and the Brace Youth Network,donates to local orphanages.

Niyya Food and Drinks Limited

Niyya Food and Drinks (Niyya), is an integrated farm and juice production business that owns a processing facility, dairy farm, orchards, agricultural lands and manufactures the Farm Pride brand of natural fruit juices and fresh yogurt. Its entire operation is designed and structured around themes of creating shared value which ensures maximum efficiency with due consideration for conversion and sustainability of the environment.

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Water is sourced from an earth dam and is delivered through a modern drip irrigation system that ensures precise water application and minimum water use. Fruit production is done through a system designed to optimize productivity within the agro-ecosystem, including soil organisms, plants, livestock and people.

In addition, as part of its investment program in Niyya, Verod restructured employment contracts and improved overall benefits for casual workers (including providing healthcare); successfully engaged with both local chiefs and Fulani herdsmen; sources some of its requirements from local out-growers; increased the number of female workers; instituted new health & safety procedures; provided transportation for farm workers; and upgraded numerous production and housing facilities around the farm. Niyya is poised to accelerate its growth and become Nigeria’s leading producer of all-natural fruit juice using 100% made-in-Nigeria ingredients, and is in the process of potentially becoming the first truly ‘organic’ farm in Nigeria.

Shaldag Nigeria Limited

Shaldag is a large-scale greenfield recirculating aquaculture company for the production of Catfish and Tilapia. Nigeria currently spends around US$1bn per annum importing fish, Shaldag is set to substitute that for fresh, quality local supply. Verod has been proactive in engaging with the local community (the “Odo-Temu Community”) to ensure the project is equally beneficial to the community's long-term prosperity.

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One of the benefits brought on by the development of the facility include the construction of a road to link the community to the outer established roads in the area. The road is expected to improve transportation of goods in and out of the Community, and provide unfettered access to old community sites of local importance. Shaldag has also introduced policies to hire and train locals, and to share knowledge of best practices in aquaculture with local farmers. Shaldag plans to donate fish waste, free-of-charge, to local farmers for use as fertilizer. Furthermore, Shaldag has instituted a responsible waste management plan and implemented a biodiversity conservation plan to control and monitor any impact on the surrounding ecosystem. Further, the company is looking into conducting a ground water resource study to minimize any effects on the local water supply.