Efficacy Construction Company Appoints Michael Itegboje As Chairman Board of Directors

The leading real estate company, Efficacy Construction, has appointed Mr Michael Itegboje as the Chairman of its Board of Directors.

The firm announced this at its just concluded Board of Directors and Management Team Retreat on Saturday, 29 April 2023.

Efficacy Construction Company appointed Itegboje, a veteran stockbroker and astute investor, along with other newly appointed Board Members, dedicated to positioning the company as the number one affordable housing provider in Nigeria.

According to the new Board Chairman, Mr Itegboje, “Over the years, Efficacy has held its reputation for providing excellent, world-class services to Nigerians highly.

Similar is the company’s commitment to providing Nigerians with affordable housing services.

These efforts are evident through the various projects the company has embarked on.

The 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.”

Noting that the issue of affordable housing cannot be over-emphasised, especially with the increasing crisis in the country’s housing sector, Itegboje said the firm has 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, underscored the motive behind the appointment of the Itegboje.

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,” says Ajiboye.

He gave a vote of confidence to the new board members, adding that their appointment would contribute immensely to Efficacy’s growth.

Ajiboye, whose contribution to the sector has garnered numerous recognitions, assured shareholders, customers and employees that the board members, who have shown great expertise through their achievements and experiences, are precisely what the company needs.

The MD 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.”

He expressed confidence that the newly named individuals would contribute immensely to achieving their organisational goals.

The new board members, selected across different sectors, have a record of positive impact and excellence.

The Efficacy boss added: “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, Efficacy Construction is 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 this work, which is guaranteed to increase over time,” says Ajiboye.

He also charged the new board members to live up to expectations, as their role in achieving organisational goals and promoting the company’s success cannot be overstated.