The articulation of overall corporate aspirations and strategies; driving and monitoring of corporate performance; and implementation of sound corporate governance are among the fundamental responsibilities of the Board of Directors. We therefore recognise the need to have individuals with exemplary personal attributes; vast experience and knowledge in entrepreneurship and leadership; coupled with sound understanding of our industry. They include:

Adetokunbo Ajayi, Managing Director

DSC 0291 CopyHe is an entrepreneur, a real estate professional and an attorney at law. He has uninterrupted work experience of over 22years in real estate development. His expertise, knowledge and experience span development conception and implementation, real estate investment, property finance and real estate advisory. Currently the CEO of Propertygate, he parades impressive leadership and corporate management skills, and rich top management experience. His last position before joining Propertygate was Executive Director, Enterprise Division at Crown Realties Plc, one of the earliest private real estate development companies in Nigeria. Before moving to the real estate sector, he was in the law firm of Alao Aka- Bashorun & Co.

Tokunbo holds a Master of Science Degree in Real Estate Development and Investment from the University of Greenwich, U.K; a Master of Law from the University of Lagos and a Bachelor of Law from Obafemi Awolowo University, Ile-Ife. A strong believer in continuous learning, he has attended many capacity development courses, which included the Real Estate Executive Seminar at Harvard Business School, the Executive Series Program at the Centre for Real Estate, Massachusetts Institute of Technology (MIT);  and the International Housing Finance Program and the Workshop on Securitization, at the Wharton School, University of Pennsylvania, U.S.A. He continues to impact his community in various ways, including acting as a resource person at many learning and discourse sessions.


Jonathan Oluwole Ogungbola, Director


He was appointed to the Board in August 2008. Wole is the Managing Partner of Wole Ogungbola & co., a leading firm of Estate Surveyors and Valuers based in Lagos. A real estate practitioner with over two and a half decades of experience in the industry, Wole’s  road knowledge and experience cover property marketing, property and facility management, valuation, property development and investment, property advisory and general real estate consulting.

Wole held various top positions in organisations he earlier worked for, which included the Managing Surveyor at Kayode Olubajo & Associates, Head of Agency and later a Partner at Darl Uzu & Associates. At Darl Uzu & Associates, Wole was the interfacing officer with Crown Realties Plc over its Crown Estate Lekki Project, where he played an extensive role at its development conception and marketing.

 Wole holds both Bachelor and Master of Science degrees in Estate Management from the University of Lagos, and also a Master of Business Administration (MBA) from the same University. Wole, a member of the Nigerian Institution of Estate Surveyors and Valuers, is a scholar with attendance at various real estate courses, seminars and conferences. He acted as a resource person at some of these conferences.


Peter Bababunmi Folikwe



He is a  non-executive director on the Board of Propertygate. He brings in great value from his extensive experience to the company. Peter is currently the MD/ CEO of Berger Paints Plc and Chairman Siochanta Nigeria Limited. He was at a time, an Executive Director, Sales and Marketing with Vitafoam Nigeria Plc, General Manager, Sales and Distribution, UAC Foods Limited, Director, Vono Nigeria Plc; and Chairman, Board of Directors, Vitabloom Nigeria Limited (subsidiary of Vitafoam).

Peter has a brilliant work career of almost 24years, occupying executive management positions for more than a decade. His experience spans sales, marketing, production, management and leadership; not only in manufacturing but also in the service industry such as MTN where he worked for 5years.

Peter graduated with a Bachelor of Science degree in Marketing from the Unversity of Nigeria, Nsukka and later obtained a Master of Business Administration (MBA) from University of Benin. He is a fellow of the Institute of Direct Marketing of Nigeria, a member of National Institute of Marketing of Nigeria and an Alumnus of Lagos Business School.