Lasaco Assurance Plc
Lasaco Assurance rebrands subsidiaries, announces new leadership for trading & investment
Lasaco Assurance Plc, a leading insurance and financial services provider in Nigeria, has announced the rebranding of its subsidiaries, Lasaco Properties Limited (LPL) and Lasaco Trading and Investment Limited (LTIL) as part of its strategic initiative to enhance operational efficiency and market competitiveness.
This is contained in statement by the company obtained by Newstrends on Sunday.
The Group offers diversified services in real estate and financial investments, underpinned by a commitment to excellence, innovation, and sustainable value creation.
In a key leadership restructuring, Mr. Akinwale Sofile, a seasoned finance and investment expert, has been appointed as the new Managing Director of Lasaco Trading and Investment Limited (LTIL), according to the statement. Mr. Sofile, formerly the Chief Financial Officer (CFO) of Lasaco Assurance Plc, brings a wealth of experience in financial management, investment strategy, and corporate governance. His appointment underscores Lasaco Assurance’s commitment to strengthening its investment arm and driving sustainable growth.
The Board of Lasaco Assurance Plc says it has strong confidence in Sofile’s capability to lead LTIL, considering his extensive financial expertise and haven demonstrated leadership skills within the group which is expected to be harnessed into driving LTIL towards increased profitability and market growth.
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“The board believes that, with his exposure, LTIL will significantly contribute to improving the overall performance of the group,” it stated.
Meanwhile, Lasaco Properties Limited (LPL) will continue under the capable leadership of Mr. Olumide Jayeola, a highly experienced executive with qualifications in Project Management, Estate Management, Law, and Theology. Mr. Jayeola has successfully expanded LPL’s presence in the real estate sector, delivering top-tier services in project development, joint ventures, project management, and property/facility management within Lagos, with plans to extend into other viable urban markets across Nigeria.
The rebranding of LPL and LTIL reflects Lasaco Assurance’s forward-thinking approach to business transformation. The subsidiaries have undergone a comprehensive refresh, including updated branding, service enhancements, process optimization, and the restructuring of the board with a proficient team of directors, to better serve clients and stakeholders.
These restructuring and leadership changes are projected to contribute positively to Lasaco Assurance Plc’s financial performance within a short period of time. With Messrs Olumide Jayeola and Akinwale Sofile at the helms of the subsidiaries and the revitalization of both subsidiaries, the Group anticipates increased revenue streams, improved investment returns, and stronger shareholder’s value.
Speaking on the transformation, Lasaco Assurance reaffirmed its commitment to delivering innovative insurance, financial, and real estate solutions to its clients and stakeholders.
The Group believes that with Messrs. Jayeola and Sofile at the helm of their respective subsidiaries, the company is poised for sustained growth and market leadership.
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