Yomi Tokosi Taking Riggs Ventures West Africa Plc. To Greater Heights

Riggs Ventures West Africa Plc is on the verge of reaching greater heights with the planned commissioning of the company’s ultramodern sacks manufacturing plant in Lagos.

This epoch-making event is the climax of the untiring efforts and ingenuity of the company’s management team by its MD/CEO, Mr. Yomi Tokosi and the company’s technical partners, who for the past two years have been working towards expanding the company’s business frontiers.

This project which is backed by leading international financial institutions will greatly enhance the production output of the sacks manufacturing arm of the organization from its present capacity of 9 Million sacks per annum to a significant number of 69 million sacks per annum.

The good fortunes of the company are closely linked with the goodwill which Mr. Tokosi enjoys locally and internationally. A former bank Chief Executive, Mr. Tokosi, has an enviable record of successfully transforming businesses from the status of small sized firms to those of blue chip companies.

It is on record that what is now known as Riggs Ventures West Africa Plc, was incorporated as Riggs Securities Ltd and it commenced operations as a small financial services/advisory firm but within a decade it metamorphosed from a private limited liability company with a N10,000,000 (Ten Million Naira) share capital to a public limited liability company with a 2,000,000,000 (One Billion) ordinary shares of N50k each and presently has over 600 shareholders.