BusinessHighlight

Citygate Group, Nigeria’s leading finance outfit, to build seven-floor corporate headquarters in Lagos

167

 

Citygate Group, one of Nigeria’s leading finance outfits established about 14 years ago, is to build a seven-floor corporate headquarters in Ikeja, Lagos.

 

To this end, it has acquired land for its global headquarters in Ikeja area of Lagos State.

The group with its headquarters in Lagos started from a room apartment 14 years ago and now has a presence in 13 states and Abuja with over 400 staff.

At the headquarters in Lagos, the staff members are accommodated in three buildings, two of which are rented.

 

Speaking at the foundation-laying ceremony, a Director of the company, Mr Seun Durojaye, said the idea to build a corporate headquarters was conceived about five years ago.

Durojaye said the office complex would have facilities of an internationally acceptable standard, an underground parking lot, and will also be powered by clean energy using solar energy.

“The Citygate journey started about 14 years ago in a one-room office at 1, Akin Osiyemi Street, off Allen Avenue, Ikeja, Lagos and was focused majorly on microfinance.

“To the glory of God, we have experienced growth as we currently have 41 branches nationwide and over 400 staff. The Citygate Group now has a presence in 13 states in Nigeria, including Abuja, and still counting.

“The idea of building a head office came up five years ago when we had a space problem. It was obvious that the present building currently in use as our head office was fast becoming inadequate,’’ he said in a statement given to Persecondnews.

“It became necessary to annex two other buildings in our area: one in the front and the other beside the present office. This was necessary to keep the staff together and operate effectively.

“It was at that stage that the management took a strategic decision to build a head office that will avail us with the right space to bring all our staff in the head office together to work as one family and which will also generate additional income for us through the letting of commercial office spaces to other organizations,” he explained.

Durojaye said the necessary approvals had been obtained for the construction of the building at 35, Oba Akran Avenue, Ikeja.

Among the dignitaries who graced the foundation laying ceremony are the President of the Guild of Corporate Online Publishers and Publisher of The Eagle Online, Dotun Oladipo, the Chairman of Empire Trust MfB, Chief Adelagun Otufale, CEO of Planet Project, Engr. Biodun Otunola, and Managing Director of Neu Speed Limited, Sonnie Okodogbe.

 

Others are the Senior Manager, Wemabod, Funke Salawu; Managing Partner H. A & Associate, Engr. Hakeem Sulaiman; MD/CEO Beta Bridges Limited, Mr Abiodun Richard and Managing Partner, Olusegun Oyegbola & Co (Chartered Accountants), Mr Olusegun Oyegbola.

Leave a comment

Related Articles

Just in: Tinubu extends free ride on Abuja metro rail by six months

President Bola Tinubu has approved extending the free train rides on the...

We will enforce ban on protests, gatherings – Kano CP

Kano State Police Commissioner Mohammed Usain Gumel has announced the readiness of...

Conflicting interim injunctions over Kano Emirate tussle: CJN summons FHC CJ, Kano CJ

The Chief Justice of Nigeria (CJN), Justice Olukayode Ariwoola, has summoned the...

Train accident in Abuja claims two lives

An Abuja-bound train from Kaduna State has killed a set of twins...

Kano Gov. Yusuf bans public demonstration, orders arrest of protesters

Kano Gov. Abba Kabir Yusuf says he has imposed a ban on...

EU announces €201m humanitarian aid for Africa, Nigeria to get €31.5m

The European Union has announced a humanitarian aid package of €201 million...

NNPC Ltd., JV Partners, NDDC inaugurate N24.5bn Ogbia-Nembe Road

The Nigerian National Petroleum Company Limited and its joint venture partners –...

Just in: Court restrains security agencies from evicting reinstated Emir of Kano Sanusi

A Kano High Court has restrained the police, the Department of State...

VP Shettima, ex-VP Atiku, others attend prayers for late EFCC Chair Lamorde

Vice President Kashim Shettima and former Vice President Atiku Abubakar were among...

Breaking: Barely two months after suspension, Senate pardons, recalls Sen. Ningi

The Nigerian Senate has pardoned and recalled Abdul Ahmed Ningi, the Bauchi...

Banex Plaza reopening: How we reached agreement Brig.-Gen. Onyema

The Nigerian Army said it announced the reopening of the Banex Plaza...

Tinubu to address joint session of National Assembly May 29 

President Bola Tinubu will address a joint session of the 10th Assembly...

Naira surges by 9.68% at the official window, closing at N1,339.33/$1

The Nigerian naira appreciated significantly against the US dollar on Monday, closing...

Organized labor’s N497,000 minimum wage demand unrealistic, unserious – Onanuga 

The Special Adviser to the President on Information and Strategy, Mr. Bayo...

Abuja Banex Plaza reopened as military bows to pressure

Following a recent shutdown of Banex Plaza, a popular marketplace in the...

Tinubu’s government reviews airport concession process for more transparency – Keyamo

The Minister of Aviation and Aerospace Development, Mr. Festus Keyamo (SAN), has...

Just in: Tinubu suspends the Nigeria Air project indefinitely

The Minister of Aviation and Aerospace, Festus Keyamo, has announced the indefinite...

Fatalities as scores of hoodlums attack police station in Lagos

Bloody violence erupted at Iyana Ipaja on Monday as more than 100...