User:Samuetobembe/sandbox

Samuel Omotosho Obembe (August 19, 1932 – August 29, 2016) was a Nigeria businessman who was the founder of Tosho Obembe & Sons Trading Company Nigeria Limited formerly Obembe Motors, serving as its chief executive officer for 50 years. In 2011 he served as founder and chairman emeritus of Tosho Obembe & Sons Trading Company Nigeria Limited board of directors until his death. Early Life and Education Omotosho was born in Ilesha Osun State formerly Oyo State, Nigeria. His parents James Obembe (also known as Asejeje Jaye) and Ibidun Olowe were both born in Ilesha who became wealthy in Ilesha through ownership of a numbers of Building Materials Shop, Properties, and Fleets of Transportation's, the most notable of which was James Obembe Building Materials Shop and Obembe transports. In 1956, Samuel Omtosho Obembe married Janet Idowu Odeyemi who was a teacher and the daughter of King Awaraja in Ijesaland. Omotosho later persuaded Janet to join him in trading which Janet accepted. Tosho Obembe & Sons Trading Company Nigeria Limited invested a huge amount in purchasing new cars and financing many people with agents all over Nigeria which brings a huge profit for many years resulting in establishing many factories and banks i.e Iron and Steel Industries,and Nail Industries, Cement and Concrete industries etc, founder and owner of many other factories and financial institutions. In 1978 they both invested in real estate and in 1980 built their first big mansion in Ilesha worth millions of dollars and later built many other properties and investments, and completed their office complex. Samuel Omotosho Obembe (August 19, 1932 – August 29, 2016) was a Nigeria businessman who was the founder of Tosho Obembe & Sons Trading Company Nigeria Limited formerly Obembe Motors, serving as its chief executive officer for 50 years. In 2011 he served as founder and chairman emeritus of Tosho Obembe & Sons Trading Company Nigeria Limited board of directors until his death. When Omotosho was five he started School at Omofe Primary School Ilesha and later attended Atakumosa Primary School Osu, Ilesha where his Uncle Gureje was a Primary School Teacher, and then later attended technical School in Ibadan where his Grandfather Pa Olowe (the Aboba Jiroro of Ijeshaland) After leaving Technical, he working with his father James Obembe, first selling Building Materials, then following his father Trucks to Ibadan and Lagos as Clerk to overseeing all his father transportation. Omotosho started buying imported underwear like singlet, and other fabrics to sell in Ilesha, within one month he opened his first account with Standard Chartered Bank a British Bank. Omotosho learned and mastered trading so well that he opened his first trading shop and was awarded a line of credit by Standard Chartered Bank. Omotosho invested his line of credit in imported clothes and persuaded his wife Janet Idowu Obembe to join him. Omotosho and his wife worked so hard and tireless travelling back and forth from Ilesha to Lagos, and their shop became number one shop in Ilesha. Omotosho and Janet built their first house in 1956. In 1960 they started purchasing and selling used vehicle using line of credit from Standard Chartered Bank, purchasing used vehicles from local community and selling them at hired purchase by financing their customers, and later register their company as Obembe Motors which was the Pioneer of Tosho Obembe  Sons & Trading Company Nigeria Limited, and eventually Incorporated as Tosho Obembe and Sons Trading Company Nigeria,  Samuel Omotosho Obembe as President, Janet Idowu Obembe Vice President, Oluwagbenga Alexander Obembe as Director, Kehinde Obembe as Director, and Taiwo Obembe (deceased) as Director. In 1972, he and his wife Janet Idowu Obembe, invested in used vehicle, properties and stocks. In 1977 they incorporated Obembe Motors as Tosho Obembe & Sons Trading Company Nigeria Limited, board of Directors are Samuel Omotosho Obembe President, Janet Idowu Obembe Vice President, Alexander Oluwagbenga Obembe Director, Kehinde Obembe Director, Taiwo Obembe (deceased) Director. Samuel Omotosho Obembe has been credited with expanding Tosho Obembe & Sons Trading Company Nigeria Limited into the largest trading company in Nigeria. Omotosho is a very good and clever businessman with high power of negotiation and persuasion in short, a very good trader, because of this qualification most people consider him as a good money manager and businessman with a very good name in Nigeria. Omotosho is an Icon within Nigeria financial institution, government, companies and individual owning Tosho Obembe and Sons Trading Company Nigeria Limited a lot of Money. He worked until his dealt well trained and a very successful businessman with a lot of graduate working under his business empire Tosho Obembe and Sons Trading Company Nigeria Limited, With Samuel Omotosho Obembe President, Janet Idowu Obembe as Vice President, Alexander Oluwagbenga Obembe Director, Kehinde Obembe Director, Taiwo Obembe (deceased) Director, and Alexander Oluwagbenga Obembe CEO, overseeing daily operations. Among many corporations owned by Tosho Obembe and Sons Trading Company Nigeria Limited, the business empire also has a lot of liquid cash deposit with major banks like First banks Nigeria Limited, Union Bank Nigeria Limited, and African Continental Bank. Tosho Obembe and Sons Trading Company Nigeria Limited is co-founder of access bank Nigeria Limited, and owns many shares with Nigeria National Petroleum Corporation, Chevron Nigeria Limited, Total Nigeria Limited, Agip Nigeria Limited, First bank Nigeria Limited, Union Bank Limited, United Bank Of Africa, Africa Continental Bank, Osogbo Steel Rolling Factory, Katsina Steel Rolling Factory, Star Larger Beer Nigeria Limited, Guinness Nigeria Limited, Trophy Beer Nigeria Limited, Heineken Nigeria Limited, Cadbury Nigeria Limited, Ewekoro Cement Factory, Scow Peugeot Nigeria Limited, United Trading Company Nigeria Limited, etc.