By Nnasom David

Ijeawele Group has reported ₦868.4 million in asset sales and unveiled a technology-driven driver empowerment platform at its inaugural Annual General Meeting (AGM), signalling plans to scale its operations across Nigeria’s mobility and lifestyle ecosystem.

The AGM, held at the Lagos Chamber of Commerce and Industry, brought together board members, investors, and stakeholders to review the company’s first year of operations, which it described as focused on building internal capacity ahead of expansion.

Presenting the financial report, Co-founder and Chief Financial Officer, Mr. Maduka Daniel Elvis, said the Group’s investment arm, Ijeawele Invest, recorded ₦868,427,654 in asset sales across 207 vehicles.

He added that the company processed ₦267.6 million in withdrawals through 3,483 transactions, while maintaining an investor base of 338 active participants.

According to him, 55 per cent of the assets were acquired through outright purchases, while 45 per cent were financed via its “Clique” joint-ownership model.
Elvis said the firm’s hire-purchase system is designed to ensure accountability and protect investors.

“Our hire-purchase framework is built on trust, transparency, and commercial discipline. Every asset is insured, GPS-tracked, and governed by strict controls to protect investor capital while expanding access to ownership,” he said.

Chairman of the Board and Co-founder, Prosper Orji, commended stakeholders for their support and reaffirmed the Group’s long-term vision.

“What we have built in Year One is not just a business—it is a foundation for economic empowerment at scale. Our focus remains on creating sustainable value for investors, drivers, and everyday users across Africa,” Orji said.

A key highlight of the meeting was the unveiling of the Ijeawele Hire Purchase Driver App by Chief Technology Officer, Emmanuel Temitope Ayela. The platform is designed to enable drivers to acquire commercial vehicles such as motorcycles and tricycles through structured repayment plans while earning within the ecosystem.

“This app introduces a dual-participation model where a driver can become an investor, and an investor can become an operator. We are digitising asset ownership to empower the people who power mobility,” Ayela said.

Looking ahead, Chief Operating Officer, Egbo Jerry Chima, said the company plans to expand into Abuja, scale its fleet, and pursue institutional funding partnerships, including ongoing discussions with Zuri Circle Network.

He also disclosed plans to launch the Ijeawele Super App, which will integrate mobility, payments, food delivery, and retail services, alongside continued focus on governance and risk management.
The Board expressed appreciation to the company’s 2,758 registered users and stakeholders, noting that key resolutions were passed at the AGM, including the adoption of financial statements and the re-election of retiring directors.

Ijeawele Group operates as an integrated African lifestyle ecosystem, providing technology-driven solutions across mobility, payments, food delivery, and retail commerce, with its investment platform focused on expanding access to income-generating assets.