PROFILE

THE OKOMU OIL PALM COMPANY PLC

Okomu-Udo Ovia South West LGA
.M.B 1449 Benin City, Edo state
Nigeria
Phone:
Fax:
Web Site:


DETAILS
 
Index Membership:





Sector: Agricultute
Industry: Palm Oil production
Full Time Employees: 0



CORPORATE GOVERNANCE
 
Okomu benefits from the quality management provided by its main shareholders and technical partner (SOCFINAF). With a 53.32% share in Okomu Oil Palm Plc, SOCFINAF is the biggest single shareholder in the company. SOCFINAF brings into Okomu Oil Palm Plc a little under a century of sound acclaimed technical expertise in the world stage. SOCFINAF (Luxemburg), is a global player in the cultivation of oil palm, rubber, coffee and tropical flower. SOCFIN S. A. founded in 1912 was the first industrial company to plant oil palm in Africa and Indonesia. It has ongoing plantation operations in Cote D’ivoire, Liberia, Guinea, Cameroon, Kenya and Indonesia.
 

KEY EXECUTIVES
 
  Pay Exercised
Dr. G.D Hefer,
Managing Director
$$
 
Alain Mary,
Finance Director
$$
 
A. Ighodalo,
Independant Director
$$
 
Dr. Boedt,
Non Executive Director
$$
 
Mr. H. Fabri,
Non Executive Director
$$
 
Mr. G. Oyebode,
Chairman
 

BUSINESS SUMMARY
 
The Okomu Oil Palm Company was established in 1976 as a Federal Government pilot project aimed at rehabilitating oil palm production in Nigeria. By December 31, 1989, 5,055 hectares of the estate had been planted. In 1990, the Technical Committee on Privatisation and Commercialisation (TCPC) privatized The Okomu Oil Palm Company on behalf of the Federal Government of Nigeria. It has since grown to become Nigeria’s leading oil palm company with 8,800 ha of mature palm, a young extension of 4,000 ha of rubber, and a palm oil mill of 30 tons per hour capacity.
 
 
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