|
|
- Brief History
- Directors
- Management Team
- Alliances
- Financials
 |
Brief History |
|
| |
DEAP Capital Management & Trust Plc (DEAPCAPITAL) is a public limited Company with Authorized Share Capital of N1.5 billion and a Paid –Up Capital of N750 million.
The Company has an asset base of over N4 billion with Funds Under Management in excess of over N3 billion. It was incorporated on June 5, 2002 and is registered with The Securities and Exchange Commission as Funds/Portfolio Manager.
The core business of DEAP is Funds/ Portfolio Management and Financial Advisory Services for high net worth individuals and institutions. DEAP CAPITAL is also licensed by the Securities & Exchange Commission to perform the functions of an Issuing House in the Nigerian Capital Market. DEAP CAPITAL is owned by over 9,529 distinguished Nigerians and one Institutional Investor. |
|
| |
|
|
Business Model |
|
| |
The objective of DEAP is to exploit our global experience of over 71 years experience in investment banking/capital market to manage funds specifically tailored to meet the investment requirements of our clients by dealing actively in the capital market and to achieve satisfactory returns to our investors and reward our staff appropriately.
DEAP is a hybrid financial institution operating in the main as a Fund Management company utilizing own resources together with other investors’ funds to trade actively in the 20 best companies quoted on the Nigerian Stock Exchange. At the same time, funds invested with DEAP by some of its Clients for funding of Oil & Gas Contracts are managed professionally through its associate company – DVCF Oil & Gas Plc. At the conclusion of the business cycle, profits made are shared between providers of Funds and DEAP CAPITAL, the Fund Manager.
We reward investors and our Shareholders from profit made. DEAP CAPITAL is able to offer higher returns because it invests solely in the best 20 Companies listed on the Stock Exchange which it monitors constantly taking advantage of the strategic alliance with Resort Securities & Trust Limited the stock broking firm that carries out its mandates on Stock Trading.
Our target market is clearly segmented to be the high net-worth individuals and institutions capable of investing a minimum of one million Naira and above for a minimum of 180 days.
There are observed inadequacies in the way and manner these investors have been treated.
Most times they are cordially communicated to at the point of placement and rollovers. These investors, though busy pursuing their careers, cherish warm and intimate relationships that will afford them cross sharing of ideas concerning investment prospects and contemporary issues, and most importantly to build trust/ sustained confidence to assign additional responsibilities to their fund managers.
DEAP CAPITAL is committed to creating a highly interactive relationship and enabling environment that encourages investors to:
- Approve the investment outlet
- Monitor and advice on the investment portfolio
- Hold title attached to the investment sometimes.
- Regularly interact on issues.
|
|
| |
|
|
Board Of Directors |
|
| |
The Board of Directors of DEAP is made up of thirteen members comprising twelve individuals and one institutional investor. We have a 14 member Board of Directors made up of people with distinguished career in diverse sectors both locally and in the global scene. They include:
A brief resume of some of the Directors is highlighted below:
Mrs. Victoria Alo(Chairman)
 |
An ex-banker with bias for treasury Management, Mrs Alo is a versatile Investor in the Nigerian Capital Market. |
| Barr. Vincent Otiono(Vice Chairman) |
|
 |
A versatile member of the Board and an Investment Attorney,Barr. Otiono runs a flourishing legal practice. |
| Mr. Joe Idudu |
|
 |
Mr. Idudu, an accomplished Quantity Surveyor/Valuer, was the immediate Past Managing Partner of Knight Frank & Rutley. He also sits on the Board of Several companies. |
| Mrs. Clara Rotzler |
|
 |
An icon of logistics provision in the Oil & Gas sector, Mrs Rotzler has investment interests both locally and internationally. |
| Mr Gabriel Ifeanyi Ogbechie |
|
 |
He holds a Bachelor of Engineering in production Engineering (2nd Class Honours, Upper Division) from the University of Benin, Benin City. He has over 15years experience in Independent Petroleum products marketing and is Currently the Founder and Managing Director of Rainoil Limited. |
| Chief S. C. Ezendu |
|
 |
He is a Director with Texaco Nigeria Plc after a successful career with Chevron Nigeria Ltd, Gulf Oil Ltd among others. He maintains substantial investment in a cross section of companies listed in the Capital Market. |
| Mrs. Treasure-Sam Afolayan |
|
 |
The immediate past chairperson of Naval Officers Wives Association, she is a renowned industrialist with passion for local productivity. |
| Mr. Ifeanyi Nwagwu |
|
| picture |
An accomplished career Diplomat, Mr. Ifeanyi Nwagwu at a time represented Ministry of Commerce on the Board of Nigerian Export Import Bank. He also represents Nigeria at the Word Trade Organization, Geneva. |
| Peter Ololo |
|
 |
A Fellow of both the Institute of Chartered Accountants of Nigeria and Chartered Institute of Stockbrokers, Mr. Ololo is currently the Chief Executive of one of the biggest stockbroking firms in Nigeria – Falcon Securities Ltd. |
| Hon. Preye Ogriki |
|
 |
An astute Banker and Public Service operator of over 22 years Hon. Ogriki was once the Commissioner of Finance and Economic Planning, Bayelsa State. He was formerly the Managing Director of Resort Securities & Trust Ltd. |
| Barr. Gordons Ejikeme |
|
 |
A legal luminary and member of the Board with several years experience as an astute lawyer. |
| Emmanuel Ugboh (Managing Director) |
|
 |
A reputable stockbroker of note who has transformed the Capital Market Operation of several Financial Institutions. He was the Managing Director of IMB Securities Plc and sits on the Board of Resort Securities & Trust Ltd, DVCF Oil & Gas Plc and Resort Savings and Loans Ltd. |
| Anthony Eze |
|
 |
A wholesale banker with outstanding Pedigree, Mr. Eze has carved a niche in Corporate Finance. He was a Divisional Director with IMB Plc and is currently seconded to DVCF Oil & Gas as Chief Executive Officer. |
|
|
|
|
Management Team |
|
| |
To DEAP CAPITAL, the greatest source of strength is the quality of Board, Management and staff.
DEAP CAPITAL day to day activities are handled by:
| Emmanuel Ugboh (Managing Director/CEO) |
|
A reputable stockbroker of note who has transformed the Capital Market Operation of several Financial Institutions. He was the Managing Director of IMB Securities Plc and sits on the Board of Resort Securities & Trust Ltd, DVCF Oil & Gas Plc and Resort Savings and Loans Ltd. |
| Peter Amah (Head Strategic Business Group) |
 |
Peter has a distinguished banking career that spanned areas of credit & marketing, corporate planning and branch operations, and lectured courses in banking, economics and corporate finance; and researched extensively on pricing of assets in the Nigeria Capital Market. He takes responsibility for providing research support, business development, corporate finance and generally building the DEAP CAPITAL Brand. |
| Umuze Kenneth (Group Head Human Resource) |
 |
|
|
Umuze is a 1981 graduate of political science from Ahmadu Bello University, Zaria and an Master in Industrial and Labour Relations (MILR) from University of Ibadan. He is a fellow of both institute of Administration of Nigeria & Chartered Institute of Personnel Management. A member of Institute of Management, Institute of public Relations of Nigeria and Associate member of Industrial relations.
He has acquired over 20 year’s experience in industrial and human capital management in such institutions as PRESCO Nig. Ltd, ROCHE Nig., UAC foods, ONWARD PAPER MILL, etc.
He is currently in charge of Human resource in DEAP CAPITAL. |
|
|
| Egbe James (Group Head, Risk Management and Control) |
 |
James Egbe is a seasoned and versatile professional with over 19 years work experience in Audit, Banking, Stockbroking, Asset Management, Consulting and Financial Advisory Services. A Fellow Chartered Accountant (FCA), member of Institute of Chartered Accountants of Nigeria (ICAN) and an Associate Chartered Stockbroker (ACS) and also an Authorised Dealing Clerk of The Nigerian Stock Exchange. He is an Associate Member of Nigerian Institute of Management (AMNIM). In addition, he has MBA in Banking & Finance obtained from ESUT Business School Lagos and a product of Yaba College of Technology Yaba Lagos where he obtained HND in Accountancy at Upper Credit level. Some of his awards include UBA GMD award for best strategic suggestion for the newly merged bank. Also at KPMG due to his outstanding performance was seconded to KPMG Paris France to work before he returned to Nigeria. James Egbe is the Group Head, Risk Management and Control of DEAP, with the mandate to establish and implement Enterprise Risk Management framework in line with best practice. |
Kunuba Joseph (Head Finance and Account) |
 |
Joseph obtained his HND in Accounting from Yaba College of Technology and an Associate of the Institute of Chartered Accountants of Nigeria. He has acquired over ten years experience which cuts across the energy sector as an Accountant in ABB and the Civil and Communication Sector as the Chief Accountant of Fadco Nigeria Ltd. |
Obabire Babatunde Akintayo (Group IT Manager) |
 |
|
|
Akintayo holds a Bachelor of Science degree in Computer Engineering from Obafemi Awolowo University, Ile-Ife (2004). He is a certified Cisco Network Associate Professional (2005) and holds Microsoft Certifications (2005) with many years of working experience. He has attended several trianing courses both within and outside Nigeria. he joined BroadBand Technologies in 2002 where he trained and worked as a Network Engineer and gathered experience in deploying various LAN and WAN Technologies for banks and other industries. As a System and Network Administrator, he rose to the position of Assistant HOD IT department with Ciscon Nigeria Limited where he grew a team of seven engineers focussed on implementing solutions in network connectivity, data security, unified communications, applications and end to end support. He later moved to Aspin International as the IT Lead Engineer. Mr Obabire is currently the Group IT mnager of DEAP Capital Management and Trust Plc. |
|
|
Godfrey Obogwu (Head, Funds Management) |
 |
Godfrey has over ten years experience in both the private and public sectors of the economy. Before joining DEAP CAPITAL, he had assumed several positions ranging from Head, Funds Management, IMB Securities Plc, Manager Nigerian Ports Authority and Deputy Manager, First Inland Bank Plc. A graduate of Business Administration, Godfrey had his MBA in 2000 and an Associate of the Chartered Institute of Administration (CIA) IN 1998. |
Jibrin Baba-Abdul (Head, Northern Operations) |
 |
Jibrin B. Abdul holds a B.Sc degree in Banking and Finance from University of Maiduguri (1992) and is an Associate member of the Nigerian Institute of Management and a member of the Chartered Institute of Bankers of Nigeria. He has over 10years banking experience in credit,marketing and operations with First Bank, Broad Bank, Bank of the North Limited and SoftWind (W.A) ltd. He rose to the post of Deputy Manager (Investment credit and marketing ) before joining DEAP CAPITAL. |
Tony Iloba Adigwe (Head, South - South Operations) |
 |
Tony is a 1990 graduate of Political Science & Pubilc Administration from the University of Benin, Edo State. He has acquired over fifteen years experience in Marketing and Relationship Management in such institutions as Ibeto Cement Company, Rock Cement (now Dangote Cement Company) and Car Link Limited. Prior to joining DEAP Capital he was tthe Investment Manager, Prominent Securities Ltd, Port Harcourt. He is currently responsible for Market development in the South - South Region. |
Ojurongbe Olajumoke (Head Corporate Finance) |
 |
|
|
She holds a Higher national Diploma (HND Upper Credit) in Banking and Finance from the Polytechnic, Ibadan (2001); Associat, Chartered Institute of bankers of Nigeria (2001), and MBA Finance (2007) from the Obafemi Awolowo University. She has many years working experience having worked at Honore Ven Ltd, Resort Securities & Trust Limited in 2004 as Corporate Finance Executive where she handled various tasks among which is the merger of Devcom Bank Limited with Equitorial Trust bank Limited and also the merger of Intercity Bank Limited with Unity Bank Plc among others. She currently serves in the Corporate Finance Department of DEAP CAPITAL where she handles Capital market Issues, Mergers and Company restructuring among others. |
|
|
Femi Osoko (Head, Asset Management) |
 |
Femi came to DEAP CAPITAL with several years of experience obtained in the stock broking and banking sector. He takes charge of our relationships with Brokers, Registrars and Capital Market Authorities. A graduate of business administration |
|
|
|
Alliances |
|
| |
>> Bank:
DEAP CAPITAL has operating accounts with First Bank of Nigeria Plc, Zenith Bank Plc., Oceanic Bank Plc, Intercontinental Bank Plc, Diamond Bank Plc, Bank PHB, First City Monument Bank Plc and First Inland Bank Plc, Access Bank Plc, Guaranty Trust Bank, Unity Bank Plc and United Bank for Africa Plc through which transactions with its clients in various locations all over the country are processed and funds are received/paid. Excellent relationship is maintained with our respective account officers in these Banks.
>> Subsidiary & Associates Companies:
1. Resort Securities & Trust Limited
2. Resort Savings & Loans
3. DVCF Oil & Gas Plc
4. Enter S. P. Inc.
1. Resort Securities & Trust Limited
Resort Securities & Trust Limited is a stock broking firm which is a subsidiary of DEAP Capital Management & Trust Limited. With over 10 years in rendering brokerage services to investors in the Nigerian Capital Market, the Company has teamed up with DEAP under a strategic alliance to improve the quality of its services to its numerous clients.
2. Resort Savings & Loans Plc (RSL)
RSL is a mortgage Banking Company where DEAP has 60m shares out of the 184m paid up capital of the Company. The core business of the Company is provision of “affordable housing” for the working population of the Nigerian economy through the mobilization of deposits and other funds from the financial system.
3. DVCF Oil & Gas Plc
DEAP is registered with the Securities & Exchange Commission as a Venture Capital Fund Manager. The venture fund activity is targeted at the Oil & Gas Sector of the economy and DVCF has recently been incorporated to take charge of this function which used to be managed in a department in DEAP prior to 2006. DVCF provides debt or equity financing to indigenous operators in the sector as well as project management services.
4. ENTER S.P. Inc.
DEAP CAPITAL has an MOU with ENTER S.P Inc, based in Houston, Texas, U.S.A, under which DEAPCAPITAL represents the company in Nigeria as their project management agent for dollar denominated contracts in the oil and gas industry in Nigeria funded by the company on behalf of DEAP CAPITAL’s clients in Nigeria who are Indigenous companies. The proceeds of such contracts are paid partly in foreign currency (70%) and partly in Naira (30%). ENTER S.P. Inc. receives the foreign Currency component and recoups the principal investments and interest and remits the net profit to DEAP CAPITAL’s client in Nigeria. ENTER S.P. Inc. is owned by 10 shareholders, amongst who are Chief Sylvanus Ezendu, Emmanuel Ugboh and Anthony Eze who also serve as directors in DEAP CAPITAL and ENTER S.P. Inc. |
| |
|
|
|
Financials |
|
| |
financials table and graph |
| |
|
|
|
|
|
|
