BrandArena: Dradrock unveils new board of directors to deepen corporate governance

Saturday, 27 June 2020

Dradrock unveils new board of directors to deepen corporate governance

Dradrock Real Estate Limited, a Lagos based real estate development company, has unveiled a five-man board of directors that will take the fast-growing organization to the next level.

The board was formally introduced at a brief media event, which took place last week at Dradrock's corporate office in Lekki, Lagos. The Managing Director of the company, Oladipo Idowu-Agida, explained that the primary goal of this new line of action was to institutionalize every aspect of quality corporate governance in the organization. The board is ultimately responsible for ensuring that the company complies with legal and regulatory obligations.

Speaking briefly on the issue, Mr. Idowu-Agida stressed that one fact he has taken away from vast entrepreneurship training is that when building a sustainable business, the company must have a life of its own to grow one key element that nurtures and sustains a business is a corporate governance. His words, "Corporate governance is the life of a growing business, and the lack of it has killed most businesses in our environment. [Well-structured corporate governance] is what investors, institutions, and customers want to see." The extraordinary growth of the Dradrock real estate company can be attributed to the vision and entrepreneurial skills of Mr.  Idowu-Agida.

Mr. Idowu-Agida further highlighted that investors want to know that they are dealing with an institution, not an individual; they want to visualize a predictably sustainable organization. Additionally, "when we started Dradrock, our goal was to build an indigenous company that will grow a multinational organization with a board that will develop a process that ensures growth and sustainability.

 On the board, we have a blend of experienced and young entrepreneurs, committed to adhering to the highest standards of corporate governance, corporate responsibility, and risk management to direct and control the business to ensure diversity in making impactful business decisions. The company's journey is still a long one, and it would be difficult to achieve anything meaningful without corporate governance, where the organization's overall interest is the primary goal."

Leading the board as Chairman is Engr, Abimbola Odubiyi, an Electrical Engineer of over 20 years with extensive experience in the power industry operations. He has worked for Powergen Uk, the Ibadan and Yola Electricity distribution companies in various capacities; he is also an expert in the electricity regulations industry, having worked with the Nigerian electricity regulatory commission as pioneer commissioner and board member for five years. Bola had one time been a visiting lecturer at the University of Lagos and Part-time at the University of Kwazulu Natal, Durban, South Africa, where he taught Post Graduate courses in power systems economics and energy trading risk management. He holds a Master's degree in Electrical Engineering and an MBA in international business from Aston University, UK. He is a member of many Societies and Professional bodies

Also on the board is Mr. Obabori Peter Olusola, a seasoned administrator, technocrat and an astute management professional, with over 20 years in sales and marketing, accounting and finance and business development, having risen through the ranks to become the Managing Director, Chief executive officer of Red star express in April, 2016, where he is still a Director.

Dr. Henrietta Onwugbuzie, a top-notch leader/ instructor in entrepreneurship on the MBA and Executive programs at Lagos Business School (LBS), is another member of the board. She has an MSc in Economics and Business Administration from the University of Navarre, Spain, an MBA from Lagos Business School, Nigeria, and a Ph.D. in Entrepreneurship, from Lancaster University, UK.

Founder of Money Africa, a personal finance platform Tosin Olaseinde is also a member of the board. She is a chartered accountant with over ten years of experience in finance and has spent much of her career writing, reporting, and talking about money. Her youthful impact will yield innovative growth at Dradrock.

'All these egg heads with my humble self will grow the business, expand and navigate with excellent creativity to ensure that Dradrock becomes a globally respected multinational organization, " Idowu-Agida declared.

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