5 Companies of Nigerian Insurance Tycoon Wole Oshin

Wole Oshin, a key person in Nigeria’s insurance industry, has established himself as a top business executive with significant clout. He has left an indelible effect on the nation’s financial services and real estate sectors through his company Custodian Investment, of which he is the group managing director and largest stakeholder.

Oshin’s reach extends throughout a varied network of companies, including Custodian and Allied Insurance Limited, Custodian Life Assurance Limited, Crusader Sterling Pensions Limited, Custodian Trustees Limited, and Crusader Properties Limited, which operate in a variety of industries, including financial services.

His strategic investments have not only established him as the principal stakeholder in Custodian Investment, but have also contributed to key infrastructure projects throughout Africa, demonstrating his dedication to empowering people and fostering economic prosperity.

With a significant position in Custodian Investment worth N15.5 billion ($11 million), Oshin is not only the largest shareholder in the Lagos-based investment business, but also one of Nigeria’s wealthiest investors on the Nigerian Exchange.

Custodian Investment handles assets worth more than $450 million under his direction, with a focus on continual operational development and stakeholder wealth preservation, demonstrating his influence in influencing Nigeria’s financial scene.

HowNG has identified and cataloged entities and holdings related to Oshin. Here are seven enterprises in which he has direct or indirect ownership:

1. Custodian Group

Oshin, the visionary founder of Custodian Investments in 1991, serves as Group Managing Director, wielding significant power with a 26.81 percent share. With 1,576,662,503 ordinary shares, Oshin is the largest shareholder in this Lagos-based investment organization. The Custodian Group is active in the Nigerian financial services sector, including notable businesses such as Custodian and Allied Insurance Limited and Custodian Life Assurance Limited. Furthermore, with large investments in Nigeria’s real estate sector, the business is listed on the Nigerian Exchange (NGX), indicating a strong market presence.

2. Custodian & Allied Insurance

Custodian & Allied Insurance, a wholly owned subsidiary of Custodian Investments, is committed to providing innovative insurance solutions that are tailored to the needs of its customers while prioritizing profitability, efficiency, and ethical standards. As Managing Director and Director of Custodian & Allied Insurance Ltd., Oshin has a significant impact on the company’s operational management, assuring long-term growth and shareholder value.

3. CrusaderSterling Pensions

Oshin, as chairman, was instrumental in the expansion of CrusaderSterling Pensions Ltd., a subsidiary of Custodian Investment Plc. This organization is one of the major Pension Fund Administrators (PFA) in Nigeria, providing better returns to stakeholders. Oshin’s leadership has been crucial in laying the groundwork for the subsidiary’s growth and success.

4. Custodian Trustees

Custodian Trustees Limited, a subsidiary of Custodian Investment Plc, attributes its success to Oshin’s strategic leadership. The organization, which is licensed by the Securities and Exchange Commission, offers a wide range of trusteeship services to corporate and individual clients.

5. Custodian Foundation

Custodian Social Responsibility Foundation, the CSR arm of Custodian Investment Plc, is an independent charitable organization registered as an incorporated trustee situated in Lagos, Nigeria. The foundation, which includes Custodian and Allied Insurance Limited, Custodian Life Assurance Limited, Custodian Trustees Limited, and CrusaderSterling Pensions Limited, represents Oshin’s dedication to social responsibility and community development.

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