Efficacy Construction Company appoints record setting stock-broker as its chairman board of directors

Leading Real-Estate Company, Efficacy Construction has appointed Mr Michael Itegboje as the Chairman of its Board of Directors, at its just concluded Board of Directors and Management Team Retreat. 

The event which took place on Saturday, 29 April 2023 saw the appointment of Mr Michael Itegboje, a veteran stockbroker and astute investor, as the Company’s Board Chairman along with other newly appointed Board Members who are dedicated to positioning the Company as the No 1 affordable housing provider in Nigeria.

Speaking on the essence of the Retreat, the new Board Chairman, Mr Itegboje said,

“Over the years, Efficacy has held highly its reputation for providing excellent, world-class services to Nigerians. Similar to this, is the Company’s commitment to providing Nigerians with affordable housing services. All of these are evident through the various projects that have been embarked upon by the Company. This Retreat is a step in the right direction, an avenue to reassess our achievements through the years, and discover better ways to expand and increase the quality of our services”

The new Board Chairman who set a record in the Nigeria Stock Exchange as the Stockbroker with the largest single transaction in 1997 during the Call -over era, among many other notable achievements in the Capital Market, spoke on the expectations for the new Board Members. 

He said, 

“In addition to our primary goal in Efficacy Construction as a top Real estate Company, which is to provide quality services to Nigerians, our target now is to get the Company publicly listed on the Nigeria Stock Exchange, this is in line with our commitment to sustainable growth and expansion. Also, the issue of affordable housing cannot be overemphasised especially with the increasing crisis in the Country’s housing sector. We have always been committed to providing solutions to this problem, and even more now”

Also speaking at the event, the Company’s Managing Director, Dr Oyeleke Ajiboye talked about the motive behind the appointment of the new Board Members. He said that the appointment is one of the numerous strategies the Company is employing in achieving and promoting sustainable growth. It is also part of the Company’s bid in ensuring accountability and goal-oriented services.

Image description: Dr Oyeleke Ajiboye, Managing Director, Efficacy Construction Company.

He gave a vote of confidence to the new Board Members, stating that their appointment would contribute immensely to Efficacy’s growth. Dr Ajiboye whose contribution to the sector has garnered numerous recognition assured Shareholders, Customers and Employees that the Board Members who have shown great expertise through their achievements and experiences are exactly what the Company needs.

He stated,

“Our Company has a foundation that is deep-rooted in excellence. In appointing the new Board Members, we made no compromise on this lifelong culture of excellence that Efficacy embodies. We are confident they will contribute immensely to our achieving our Organisational goals.The new Board Members have been chosen across different sectors,and they have a record of positive impact and excellence.

 We are convinced that their expertise will contribute greatly to the management of Efficacy Construction, and increase opportunities from sustainable growth and expansion. With a combined experience of more than 150 years across different sectors, we are already working with the new Board Members on solution focused strategies to improve customer service, product creation and employee management. And we already have visible outcomes of these work, which is guaranteed to increase over time”

He also charged the New Board Members to live up to expectations, as their role in achieving organizational goals and promoting the success of the Company cannot be overstated.