Ooni’s Ojaja Pan Africa commits to economic stability
The Ojaja Pan Africa Limited owned by His Imperial Majesty, Ooni Adeyeye Enitan Ogunwusi, Ojaja II, CFR, the Ooni of Ife, has completed the seamless redemption of its inaugural Commercial
The Ojaja Pan Africa Limited owned by His Imperial Majesty, Ooni Adeyeye Enitan Ogunwusi, Ojaja II, CFR, the Ooni of Ife, has completed the seamless redemption of its inaugural Commercial Paper (CP) issuance, amounting to an impressive ₦9.2 billion.
This development sends an instructive message about Ojaja Pan Africa’s strong liquidity and unwavering creditworthiness.
The funds were raised as part of a duly registered ₦10 billion programme on the FMDQ Securities Exchange.
Ojaja Pan Africa fulfilled its entire obligation with remarkable efficiency, fully repaying ₦2.15 billion from Series 1, maturing on 21 November 2025, and ₦6.91 billion from Series 2, maturing on 20 February 2026, utilizing resources generated internally.
Dr. Ayobami Oyedare, Acting Managing Director of Ojaja Pan Africa Limited said: “The timely redemption of our Series 2 Commercial Paper, following the successful repayment of our maiden Series 1, stands as a powerful testament to the stability of Ojaja Pan Africa’s balance sheet and the rigor of our financial planning.
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“By meeting these obligations in full, we have validated the trust placed in us by the investing public.
"With both maturities now successfully resolved, we are strategically focused on leveraging the remaining resources from our ₦10 billion programme to foster significant growth and expansion opportunities across the continent.”
The successful issuance and redemption were expertly handled by Comercio Partners Capital Limited, who acted as Lead Financial Advisers and Arranger. Mr. Stephen Osho, CEO of Comercio Partners, described the transaction as a defining moment for Ojaja Pan Africa.
“The flawless execution of this redemption underscores the company’s exceptional operational capabilities and solid balance sheet integrity in the marketplace. Achieving this success amidst the intense pressures of the current economic tightening cycle illustrates the company’s capacity to not only weather challenges but to thrive in such conditions.”
As the Chairman and Group Chief Executive of Ojaja Pan Africa, he has transformed the conglomerate into an economic powerhouse, creating opportunities for tens of thousands of individuals across Nigeria while actively pursuing expansion initiatives throughout Africa.
Ooni further re-emphasised his huge commitment to agricultural development using it as a tool for youth empowerment and development.