Home » Companies owned by Nigerian insurance tycoon Wole Oshin

Companies owned by Nigerian insurance tycoon Wole Oshin

Oshin's impact extends across a diverse network of subsidiaries operating under Custodian Investments

by Feyisayo Ajayi
Wole Oshin

Wole Oshin, a prominent figure in Nigeria’s insurance sector, has established himself as a leading business executive with considerable influence. Through his company Custodian Investment, where he serves as the group managing director and largest shareholder, he has made a lasting mark on the nation’s financial services industry and real estate sector.

Oshin’s impact extends across a diverse network of subsidiaries including Custodian and Allied Insurance Limited, Custodian Life Assurance Limited, Crusader Sterling Pensions Limited, Custodian Trustees Limited, and Crusader Properties Limited, spanning various sectors including financial services.

His strategic investments have not only positioned him as the primary shareholder in Custodian Investment but have also contributed to significant infrastructure projects across Africa, showcasing his commitment to empowering lives and driving economic growth.

With a substantial stake in Custodian Investment valued at N15.5 billion ($11 million), Oshin is not only the largest shareholder in the Lagos-based investment group but also ranks among Nigeria’s wealthiest investors on the Nigerian Exchange.

Under his leadership, Custodian Investment manages assets exceeding $450 million, emphasizing continuous operational improvement and wealth protection for stakeholders, solidifying his influence in shaping Nigeria’s financial landscape.

Billionaires.Africa has identified and cataloged various companies and holdings linked to Oshin. Here are seven companies where he holds direct or indirect ownership:

  1. Custodian Group
    Oshin, the visionary founder of Custodian Investments in 1991, serves as the Group Managing Director, wielding substantial influence with a commanding 26.81-percent stake. Holding 1,576,662,503 ordinary shares, Oshin stands as the largest shareholder in this Lagos-based investment group. The Custodian Group actively engages in the Nigerian financial services sector, boasting prominent subsidiaries such as Custodian and Allied Insurance Limited and Custodian Life Assurance Limited. Moreover, with significant investments in Nigeria’s real estate sector, the group is listed on the Nigerian Exchange (NGX), reflecting its robust market presence.
  1. Custodian & Allied Insurance
    A wholly-owned subsidiary of Custodian Investments, Custodian & Allied Insurance is dedicated to providing innovative insurance products tailored to meet customer needs while prioritizing profitability, efficiency, and ethical standards. As the Managing Director and Director of Custodian & Allied Insurance Ltd., Oshin’s influence is evident in its operational management, ensuring sustained growth and value for shareholders.
  1. CrusaderSterling Pensions
    Oshin, as chairman, played a pivotal role in the growth of CrusaderSterling Pensions Ltd., a subsidiary of Custodian Investment Plc. This company stands as one of the leading Pension Fund Administrators (PFA) in Nigeria, delivering superior returns to stakeholders. Oshin’s leadership has been instrumental in setting the stage for the subsidiary’s development and success.
  1. Custodian Trustees
    Custodian Trustees Limited, a subsidiary of Custodian Investment Plc, owes its success to Oshin’s strategic guidance. Licensed by the Securities and Exchange Commission, the company provides a bouquet of trusteeship services to both corporate and individual clients.
  1. Custodian Foundation
    As the CSR arm of Custodian Investment Plc, Custodian Social Responsibility Foundation is an independent Charitable Organization registered as an incorporated Trustees based in Lagos, Nigeria. Comprising Custodian and Allied Insurance Limited, Custodian Life Assurance Limited, Custodian Trustees Limited, and CrusaderSterling Pensions Limited, the foundation embodies Oshin’s commitment to social responsibility and community development.

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