About us

The Leading Institutional Property Company

UPDC Plc is an institutional property company founded in 1997, and listed on the NSE in 1998. UPDC Plc has a solid track record in the acquisition, development, sale and management of a diverse mix of commercial, residential, hospitality and retail assets across Nigeria.
Our history is interwoven with the phenomenal growth of the Nigerian real estate sector. We are integral partners in the success of Nigeria, as we have contributed through our robust properties portfolio, to building world-class developments that have helped to shape the market whilst creating templates for other property development companies.
With a track record that spans almost 25 years, we have developed and managed assets in all sectors including residential, commercial, retail and hospitality sectors.
Our brand is well- recognised for providing distinctive lifestyle properties across Nigeria and offering exceptional quality.

Our Services

PROPERTY DEVELOPMENT

Our property development strategy is to develop and sell functional, non-speculative assets. The development will be off take led, with a client focused approach to building design, and a firm commitment to creating comfortable, functional and affordable properties.

PROPERTY DEVELOPMENT

Our property development strategy is to develop and sell functional, non-speculative assets. The development will be off take led, with a client focused approach to building design, and a firm commitment to creating comfortable, functional and affordable properties.

DEVELOPMENT MANAGEMENT

UPDC will strategically oversee the planning, administration and control of the development during the development life circle from business planning to concept development, financial feasibility and over all coordination of the development value chain.

DEVELOPMENT MANAGEMENT

UPDC will strategically oversee the planning, administration and control of the development during the development life circle from business planning to concept development, financial feasibility and over all coordination of the development value chain.

ASSET MANAGEMENT

UPDC's asset management team is skilled in managing the performance of individual investment in the real estate portfolio as well as identifying areas of opportunities for growth from performing portfolio and financial analysis to risk management of the assets in the portfolio.

ASSET MANAGEMENT

UPDC's asset management team is skilled in managing the performance of individual investment in the real estate portfolio as well as identifying areas of opportunities for growth from performing portfolio and financial analysis to risk management of the assets in the portfolio.

ADVISORY SERVICES

With over 25 years experience in the Nigerian real estate market, we provide professional guidance to our clients looking to invest in short or long term real estate investments that will enable them maximize their investment returns.

ADVISORY SERVICES

With over 25 years experience in the Nigerian real estate market, we provide professional guidance to our clients looking to invest in short or long term real estate investments that will enable them maximize their investment returns.

FACILITY MANGEMENT

UPDC believes that the value of facility management in the property development process is unquestionable. We approach our property development plan with the customer as our utmost priority to create affordable, functional and efficient living and working environments.

FACILITY MANAGEMENT

UPDC believes that the value of facility management in the property development process is unquestionable. We approach our property development plan with the customer as our utmost priority to create affordable, functional and efficient living and working environments.

HOSPITALITY

The Festival Hotel, Conference Centre & Spa is located in the historical town of Festac - Lagos, Nigeria's center of entertainment & arts. Within 15km away from the International Airport, situated along the express road, and 45min from the Island, making it an ideal destination for both business and pleasure.

HOSPITALITY

The Festival Hotel, Conference Centre & Spa is located in the historical town of Festac - Lagos, Nigeria's center of entertainment & arts. Within 15km away from the International Airport, situated along the express road, and 45min from the Island, making it an ideal destination for both business and pleasure.

Our People

Board of Directors

Wole Oshin
Wole Oshin
Chairman
Mr. Oluwole Oshin is an industry leader with over 30 years’ experience and has at various times been a member of the Presidential Committee on Pension Reforms, Chairman of the Nigerian Insurers Association, Council Member of the African Insurance Organization [Cameroun], Companies Association [Ghana] and External Lecturer – West African Insurance Institute, Banjul, The Gambia. He sits on several Boards including the International Insurance Society [IIS], New York and Nigerian Insurers Association. He is also an Advisory Board Member of the Common Wealth Enterprise and Investment Council, UK. He has received numerous awards including nomination as “African CEO of the Year” by African Reinsurance Corporation, and the Harvard Business School Association of Nigeria (HBSAN) Leadership Award for General Management. He joined the Board of the Company on 5th January 2021 and was appointed the Chairman of the Board on 13th January 2021.
Odunayo Ojo
Odunayo Ojo
Chief Executive Officer
A consummate real estate professional, Mr. Odunayo Ojo has been involved in property development, asset management, private equity, and advisory services for various asset classes including master-planned communities, mixed-use schemes, shopping centers, commercial buildings, and hotels. He has held several roles such as CEO of Alaro City, Director of Development and Projects at Eagle Hills, Abu Dhabi, Development Director at Laurus Development Partners, Vice President at Ocean and Oil Holdings, and Business Manager at UPDC Plc. Mr. Ojo is a member of the Royal Institution of Chartered Surveyors (RICS), The Nigerian Institution of Estate Surveyors and Valuers (NIESV), and a Registered Surveyor and Valuer (RSV). He holds a Masters in Business Administration (MBA) and a Bachelor’s Degree (BSc) in Estate Management.
Bidemi Fadayomi
Bidemi Fadayomi
Development Director
Ms Fadayomi is a seasoned real estate professional with over 19 years’ experience in Africa and the UK focused on residential, mixed use and commercial real estate markets. She is respected for flawlessly executing highly complex global transactions and managing cross-functional project teams to achieve the desired performance levels. Ms Fadayomi holds a BSc and a Bachelors of Architecture from the University of Wales, Cardiff. Prior to joining UPDC, her roles included Head, Real Estate Asset Development of Argentil Asset Management Limited, VP, Real Estate for Avante Property Asset Management Services, Project Manager for Trench Farrow, UK and Project Architect at Aedas Architects UK. She was appointed an ED of the Company on 28th July 2022. She is a member of the Board Finance, Investment and Operations Committee and the Board Risk, Audit and Compliance Committee.
Adeniyi Falade
Adeniyi Falade
Non-Executive Director
Mr Falade is a Chartered accountant, Chartered Stockbroker and an Investment Banker. He had his professional accountancy training at PricewaterhouseCoopers Lagos, and Coopers & Lybrand Limited, Lagos. Before his recent appointment as Group Executive Director of Custodian Investment PLC, he was the Managing Director of Crusader Sterling Pensions Ltd. He had also served as the Managing Director of Lead Capital and Head of Investment Banking Groups of Ecobank Nigeria Plc and Lead Bank Plc at various times. He was also the Head of Internal Control/ Chief Inspector and Head of Risk Management Department of Lead Bank Plc much earlier in his career. Mr Falade holds a Master of Business administration (MBA) from the University of Warwick, United Kingdom and a Bachelor of Science degree (BSc), from the University of Ibadan. He is a Fellow of the Institute of Chartered Accountants of Nigeria and an Associate of the Institute of Chartered Stockbrokers of Nigeria. He serves on the Board of many companies as a non- executive director including: Custodian Trustees Limited, Custodian and Allied Insurance Limited, Interstate Securities Limited and UPDC Hotels Limited. He currently also serves as the Chairman of UPDC Facility Management Limited. Mr. Falade was appointed a Director of the Company on 5th January 2021. He chairs the Board Finance, Investment and Operations Committee and is a member of the Board Risk, Audit and Compliance Committee, Board Remuneration & Governance Committee and the Statutory Audit Committee.
Oyekunle Oshilaja
Oyekunle Oshilaja
Non-Executive Director
Mr Osilaja is an experienced Board and Investment Committee member with some 35 years’ experience in international real estate and financial services. He was Group Head (Snr VP) of Real Estate for Ecobank Transnational Inc (ETI) and Head of Ecobank Capital, Nigeria. Prior to joining ETI in 2012, he spent most of his career in the UK at Jones Lang LaSalle (world’s largest firm of real estate advisors) where he was the Chair of Lead Directors JLL Corporate Finance and Head of Debt & Structured Finance (EMEA) specializing in real estate finance - advisory, debt and equity capital markets in the UK and Western Europe. He has advised on various projects including Greenwich Peninsula (and Millennium Dome); regeneration of King’s Cross Central; Four Seasons Hotel, Milan; The Adelphi office London, London Stratford City, and various Commercial Mortgage-Backed Securities (CMBS) and Non-Performing Loans (NPL) transactions. He sat on the board of Old Mutual Gen Insurance Company, Nigeria and the Investment Committee of CAPIC Fund (part of Africa Capital Alliance). He is currently the Chair of EDC Securities Ltd and Board member of EDC Asset Management Ltd. He is also a Non-Executive Director of Eko Atlantic City Management Co Ltd, ITB Construction Nigeria Ltd and HiTech Construction Ltd. Mr Osilaja was appointed a Director of the Company on 10th January 2021. He chairs the Board Remuneration & Governance Committee and is a member of the Board Finance, Investment and Operations Committee, the Board Risk, Audit and Compliance Committee and the Statutory Audit Committee.
Falope Aiyesimoju
Falope Aiyesimoju
Non-Executive Director
Mr. Aiyesimoju is a finance professional with experience spanning corporate finance, principal investing and private equity. He holds a B.Sc (Hons) degree in Estate Management from the University of Lagos, where he was awarded a Certificate of Excellence in Real estate development and finance and earned the right to use the CFA designation in 2006. He is the founder of Themis Capital Management, an investment firm focused on concentrating capital and talent on high-potential opportunities in Sub-Saharan Africa. Prior to founding Themis, he worked with Kohlberg Kravis Roberts, a leading global investment firm; Standard Bank Group, where he led mergers and acquisitions in Nigeria; Ocean and Oil Holdings Limited and ARM Investment Managers. He is a co-founder and Non-Executive Director of Foodpro Limited and the Group Managing Director of UAC of Nigeria PLC. Mr. Aiyesimoju is a Non-Executive Director of UPDC PLC. He chairs the Board Risk, Audit and Compliance Committee and is a member of the Board Finance, Investment and Operations Committee as well as the Board Remuneration & Governance Committee.

Executive Management

Odunayo Ojo
Odunayo Ojo
Chief Executive Officer
A consummate real estate professional, Mr. Odunayo Ojo has been involved in property development, asset management, private equity, and advisory services for various asset classes including master-planned communities, mixed-use schemes, shopping centers, commercial buildings, and hotels. He has held several roles such as CEO of Alaro City, Director of Development and Projects at Eagle Hills, Abu Dhabi, Development Director at Laurus Development Partners, Vice President at Ocean and Oil Holdings, and Business Manager at UPDC Plc. Mr. Ojo is a member of the Royal Institution of Chartered Surveyors (RICS), The Nigerian Institution of Estate Surveyors and Valuers (NIESV), and a Registered Surveyor and Valuer (RSV). He holds a Masters in Business Administration (MBA) and a Bachelor’s Degree (BSc) in Estate Management.
Bidemi Fadayomi
Bidemi Fadayomi
Development Director
Ms Fadayomi is a seasoned real estate professional with over 19 years’ experience in Africa and the UK focused on residential, mixed use and commercial real estate markets. She is respected for flawlessly executing highly complex global transactions and managing cross-functional project teams to achieve the desired performance levels. Ms Fadayomi holds a BSc and a Bachelors of Architecture from the University of Wales, Cardiff. Prior to joining UPDC, her roles included Head, Real Estate Asset Development of Argentil Asset Management Limited, VP, Real Estate for Avante Property Asset Management Services, Project Manager for Trench Farrow, UK and Project Architect at Aedas Architects UK. She was appointed an ED of the Company on 28th July 2022. She is a member of the Board Finance, Investment and Operations Committee and the Board Risk, Audit and Compliance Committee. She has Bachelor's degree in Architecture and Architectural Studies, University of Wales and has worked on notable projects like Wings Towers, Victoria Island & Seattle Residences, Victoria Island
Priye Johnson
Priye Johnson
Chief Commercial Officer
Priye is a highly motivated, versatile, and charismatic business professional with over 22 years’ experience spanning across real estate development and hospitality, management consulting and service management. In the last 12 years, his work has evolved around strategy and business growth design, project management and revenue assurance for some exciting large-scale real estate projects both in the residential and commercial segments of the market. He has an M.Sc in Marketing and Management from University of Bradford, UK and a Bachelor’s degree in Economics from the University of Port Harcourt. He has held several roles with the most recent as COO of MHF Properties Limited.
Tokunbo Lawal
Tokunbo Lawal
MD, UPDC FM Ltd.
Tokunbo is a driven, insightful, and results-oriented Property Management professional with over 25 years of global experience in the Real Estate, Telecommunications, Financial Services, Management Consulting, and Utilities industries. Prior to her role at UPDC, Tokunbo was CEO at Willco (Facilities, Property & Power Management Services). She is Chairing the Finance Committee (Executive Council member) of The Association of Facilities Management Practitioners, Nigeria.
Folake Kalaro
Folake Kalaro
Director, Corporate Services/ Company Secretary
Folake is the Company Secretary at UPDC Plc. A seasoned legal expert, she has over 26 years of experience in the legal profession. Before her appointment as UPDC’s Company Secretary/Legal Adviser in May 2017, Folake was the Head of the Legal department in the company when she joined in 2009. Prior to the role Folake also held the position as the Contracts & Drafting Manager in 2013 – a role that saw her responsible for negotiating, preparing and vetting agreements in all their ramification on behalf of UACN Group.
Arigbede Olawale
Arigbede Olawale
Head, Asset Management
Arigbede Olawale has been Involved In Real Estate Financing; Structuring; Development and Property Management He has also worked as Mortgage practitioner, Structured finance for both local and international funding for Real Estate Development. Prior roles include Head of Real Estate and Structured Transaction at AS Savings and Loans Plc Head of Mortgage and Real Estate Development at Safe trust Mortgage Bank and Skye Mortgage Bankers. Olawale holds B.sc in Estate Management and an M.Sc. in Facility Management both from the University of Lagos, Akoka.
Ngozi Ikeadigh
Ngozi Ikeadigh
Head, Internal Control & Audit
Ngozi has over 15 years’ experience in risk, audit, and compliance. She earned a Bachelor of Science in Accountancy from the University of Nigeria Nsukka and a member of CIMA UK. Prior to joining UPDC PLC, she worked with Jagal Group, a large conglomerate in different risk and audit functions both at the subsidiary and group levels.
Oluwatoyin Egwaikhide
Oluwatoyin Egwaikhide
Head, Human Resources
A sseasoned HR practitioner with over 15 years in-depth experience and knowledge of human resource management spanning across the oil and gas and the financial sectors. An expert in organizational development, performance management, talent management, policy development, employee welfare ,HR information systems, Learning and development. He holds an MSc in Public and International Affairs, and a BSc in Mathematics and Statistics from the University of Lagos. He is a member of the Chartered Institute of Personnel Management (CIPM).

Our Core Values

Our Company, through our people will reflect the following values to our stakeholders:

Integrity

Responsibility

Service

Customer Focus

Excellence

Shareholder Value

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