Gtext Holdings recently announced that it has acquired a new company with a Securities and Exchange Commission (SEC) licence in Nigeria.
According to Chairman Stephen Akintayo, the license is an existing one, and the board has already written to the SEC for a change of name and management. “We felt it’s a lot better to get an existing one than necessarily start a new one from scratch.”
The licence will enable Gtext Holdings to broaden its investment offerings, giving investors access to regulated financial instruments beyond its core real estate business.
Akintayo also clarified his role within the company, noting that while he remains a major shareholder in Gtext Holdings, his new position is Chairman of SACI Holdings, a private equity firm overseeing a diverse portfolio.
He said, “Our private equity structure allows us to identify, acquire, and grow high-potential businesses across various sectors, creating significant value for our investors and stakeholders. Gtext Holdings’ recent developments are a direct reflection of SACI Holdings’ strategic investment and guidance, and we look forward to announcing further acquisitions and growth initiatives in the future.”
As part of its expansion plans, the company announced its new subsidiary, Gtext Construction with Soonie Osuki as its CEO.
“The new arm is established to meet the expectations of our subscribers and excellent deliverables, holding on to our core values, which are lined up on integrity, teamwork and sustainability and confidentiality,” said Osuki.
An experienced construction professional, Osuki explained that the whole essence of the construction arm is to complement the works of the real estate subsidiary, even as it is a separate entity.
“As we are selling land, we are equally developing and building them. So that’s what the construction team is going to do. We are not just going to build the land that we have offered. We are going to provide infrastructure, and that will be my responsibility, to lead the team that we have to ensure that we meet the best practice.”
The company stated that Gtext Construction will serve as the engine driving its “Green and Smart” estate vision, building sustainable communities that set new benchmarks for real estate in Africa.
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