Abuja – Ojaja Pan Africa Limited, owned by His Imperial Majesty, Ooni Adeyeye Enitan Ogunwusi, Ojaja II, CFR, the Ooni of Ife, has successfully redeemed its inaugural Commercial Paper (CP) issuance totaling ₦9.2 billion, reinforcing the company’s liquidity and creditworthiness in Nigeria’s financial market.

The redemption, part of a registered ₦10 billion programme on the FMDQ Securities Exchange, covered ₦2.15 billion from Series 1, maturing on November 21, 2025, and ₦6.91 billion from Series 2, maturing on February 20, 2026, using internally generated funds.

Dr. Ayobami Oyedare, Acting Managing Director of Ojaja Pan Africa, said, “The timely repayment of our Series 2 Commercial Paper, following the successful redemption of Series 1, validates the trust placed in us by investors and underscores the stability of our balance sheet.”

The issuance and redemption were facilitated by Comercio Partners Capital Limited, whose CEO, Stephen Osho, described the transaction as a demonstration of Ojaja Pan Africa’s operational strength and financial planning.

Beyond finance, the Ooni has leveraged Ojaja Pan Africa to advance economic growth across sectors including agriculture, education, manufacturing, real estate, hospitality, and tourism. Notable initiatives include the launch of OJAJA Soft Drinks, Ojaja University campuses in Ilorin and Ile-Ife, and the Ojaja Mall in Lekki, Lagos, which has created thousands of jobs.

Ooni Ogunwusi has also emphasized youth empowerment through agriculture, particularly cocoa cultivation, with a focus on local processing to create jobs and conserve foreign exchange.

These initiatives align with his broader vision of promoting economic stability, industrial development, and local entrepreneurship across Nigeria and Africa.