Group target ‘ambitious’ N30trn asset in 30 years

Oluwanifemi Ojo
Oluwanifemi Ojo

Lancelot Group has announced its  projections to grow its assets to N10tn in the next 30 years.

The Group Executive Chairman Mr Adebayo Adeleke, said this in a statement during a lunch event organised in commemoration of the the 30 years anniversary of the Group Ventures Limited in Ikeja, Lagos.

Lancelot Group operates in the agricultural sector, leasing, real estate, publishing, and the capital market (fund/portfolio management and registrars).

The Punch reported that In an effort to carry out its objective, the firm currently includes these six subsidiaries and two associate companies.

In the words of the Group’s Chairman, “Though, it may look too ambitious, but with proper examination of our books with our organic growth model and our annual turnover, I believe we can achieve the N10tn.”

According to him, they have put in place a corporate governance and management structure that would sustain the company’s success in all of its sectors.

In preparation for the next 30 years and beyond, he revealed that management of the company had restrategised its operations through the adoption of latest technologies and the employment of qualified workers who are able to push the company’s assets to N10tn by 2053.

While he spoke, he recalled that Lancelot Ventures Limited, was founded in February 1993 and
It has grown into a group.

According to him, the sustenance of the company came through years of  clear vision, perseverance, sacrifice and hard work.

Also, it was said that the management of the company kept focus on its vision which was “to deploy knowledge and capital to build enduring and profitable businesses that add value to all stakeholders.”

The Chairman acknowledged the grace of God on the company

While acknowledging the grace of God upon the company’s activities in the past 30 years, the Chairman said “the moving force behind the continuous existence and growth of the group was the value system.”

The Chairman of one of the Lancelot Ventures Limited subsidiaries, Alhaji Danladi Yaro, commended the vision of the founders of the company and “the patience with which they laid a solid foundation over the past three decades.”

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