Profile

Legal structure

Okomu Oil Palm Company PLC is situated in Nigeria and has 3 concessions that are registered with the EdoGIS (Ministry of Lands and Survey) in accordance with the Edo State Lands Administration and Geographic Information Service Law, which was made pursuant to the Land Use Act (Section 4b). The Company’s headquarters are on Okomu’s Main Estate in Ovia South-West Local Government Area.

On 31/12/2023 Concession (ha) Oil palms (ha) Rubber trees (ha) HCVs area (ha)
Main Estate 15 580 8 484 5 523 757
Extension 1 6 116 1 969 1 812 415
Extension 2 11 417 8 592 0 1 804
Total 33 113 19 045 7 335 2 976

Group holding

The shares of Okomu Oil Palm Company PLC are 62.94% owned by Socfinaf S.A, which is incorporated under the laws of Luxembourg, and 37.06% by a diversified spread of Nigerian and international individuals and institutional shareholders.

 

Name Shareholding (%) Board representation
Socfinaf S.A. 62.94 7
Others 37.06 4