Thursday 30 July 2015

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[PHOTOS] Ooni Of Ife: His Wives, Children And Billion Naira Business Empire Revealed!

by Godwin, N.I on July 30, 2015

As the nation mourns the death of a great king that once ruled the Ife Dynasty, Ooni of Ife, Oba Okunade Sijuwade, we bring to you pictures of his wives, children and the story of how he built a Billion Naira business empire.

How He Built His Business Empire

He formed a company along with three friends; the company, WAATECO which became the sole distributor of soviet-made vehicles, tractors and engineering equipment in Nigeria with at least fifty Russians on its staff and a dozen branches all over Nigeria.

This small beginning marked the start of trade with the Soviet Union in Nigeria, and for Prince Sijuwade the birth of a business empire that was to include at least fifty companies.

Two years after WAATECO was set up, Prince Sijuwade offered the Soviet Union 40 per cent equity participation in the company. Of course, the Russians did not hesitate since the company was doing well. Business with the Russians was to grow many hundred folds in the next decade and a half.

Founded by Oba Okunade Sijuwade, Olubuse II, the Ooni of Ife, and his late brother, Prince Adedapo Sijuwade, Sijuwade Group commenced operations in 1975, as a single enterprise, under the name of Okunade Sijuwade Holdings Limited (OSHL). The first company was created with the aim of identifying and sourcing foreign direct investment into the Federal Republic of Nigeria, for the country’s economic development.

Since the first company’s formation over 30 years ago, it has grown to encompass two holding companies, with interests and investments in various sectors of the Nigerian economy and has been restructured and re-branded as Sijuwade Group.

Meet his beautiful wives:

Olori Monisola Sijuwade

She is the first wife of the Oni, who also doubles as the Yeyeluwa of Ife.

Olori Ladun Sijuwade

She is one of the most beautiful and educated wife of Ooni of Ife, Oba Okunade Sijuwade. The CEO of Dalora Ventures has been married to the prominent king for about 30 years now. She studied Economics and Politics at the Buckingham University.

Olori Adedolapo Sijuwade