1. COMPANY PROFILE
Overview
Idyak Ventures Limited, incorporated under the Companies
and Allied Matter Act 1990 of the Federal Republic of
Nigeria.
Idyak Ventures Limited, started operations in the year 2012
to carry out the business of outright sales and services of
industrial generators, transformers, PHCN to site and
supporting equipments for various sector of the Nigerian
economy. Idyak ventures Limited provide services in the
area of sales and supplies of office consumables, petroleum
products, automobile and merchandising of goods and
services.
The company has grown steadily by building capacities
harnessing local expertise, international skills and key
partnerships aimed at the delivery of world class business
solutions.
Our Aims & Objectives
To consistently meet the needs of our customers, vendors
and partners by providing the best business solution in
Nigeria.The aims and Objectives include
• Profitability
• Productivity
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2. • Customer Service
• Employee Retention
Future growth
Idyak Ventures Limited will be secured providing that we as
a business continue to offer an economic, cost effective
sales, distribution and consolidation service to customers,
brand owners and manufacturing. Distribution is an
extremely dynamic, demanding environment and therefore
it is also crucial that we continue to explore new routes to
market for our current and future supplier base"
BUSINESS /GROWTH STRATEGY
Our current and future business /growth strategy are as
follows:
• Building capacity as a leading regional provider of
power, infrastructure group under several licenses and
permits
• Forging strategic partnership with renowned foreign
infrastructural firm with demonstrable capacity and
expertise.
• Constantly deepening the usage of equity, joint venture
partnerships and foreign debt strategies.
• Ensure that our project delivery processes and
procedures comply with ISO certification.
• Establishing a proactive, process driven management
and organizational structure.
• Constantly embarking on very aggressive training and
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3. skill acquisition programme for both middle
management and top management personnel.
• Pursuing a deliberate strategy of sub regional presence
• The Company is expected to grow annually by at least
20% minium.
COMPANY VISION
“To become the world's leading Company in products and
services delivery.”
COMPANY MISSION STATEMENT
“To provide the best business solutions that enable
businesses to excel and edging our competitors in quality,
innovation and value to our customers at all times bearing
in mind a good returns to our stakeholders and company’s
personnel ’’.
Core Shared Values
Our Values are as follows:
1. Growth
2. Maintain Financing
3. Change Management
4. Marketing
5. Competitive Analysis
The people concepts and values that prevail and define
Idyak Ventures Limited are found on shared values or ethos.
It is expected that all staff would internalise the values and
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4. attempt to safeguard them at all time in their work spheres.
The standards by which Idyak Ventures Limited priorities will
be set that will enable judgement to be made of
opportunities. What it is like to work in Idyak Ventures
Limited.
Goals of Idyak Ventures Limited
Business with Honour
Idyak Ventures Limited personnel at all levels will pursue
business with integrity, fairness and respect for both the
individual and the common goal. There is no right way do
the wrong thing.
Quality as a Cornerstone
Idyak Ventures Limited must be the best in her business. The
quality of work, products and services must exceed the
expectation of those who receive them. Continuous
improvement must propel all that is done.
The Customers as the Focus
The company recognises at all times the supremacy of the
customers. Prime dedication to meeting the need of
customers and colleagues with high quality, high-value
products and services.
Global Citizenship
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5. The company with its employees must serve responsibly as
member of each community in which the company does
business. Community interest must be supported by the
company’s resources. Respect for the environmental
sustainability concerns. Respect for cultural differences. Fair
dealing with the fellow citizens. A unique social responsibility
effort that visibly adds value to both government and
society while enhancing and complementing Idyak
Ventures Limited marketing efforts.
The power of Trust
Mutual and invigorating trust based on honest and free flow
of communication as foundation for teamwork.
World-class Skills
The company’s competitive edge in the market place
ultimately depends on the diligence, flexibility and mastery
of the various jobs by management and employees. The
company will enhance expertise by developing world-class
skills through intensive offshore and onshore training on an
on-going basis.
The spirit of Winning
We believe that the urgent and relentless drive to shape the
future of the Company in Nigeria and beyond will result in
the kind of performance that will earn us the admiration
and loyalty of customers and shareholder. We obsessed
with being the winner by all standards. The company will be
a centre of excellence in every respect.
The importance of sacrifice
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6. We recognise that today’s sacrifice is required to build the
future of tomorrow. Long term gain must not be sacrifice
because of the greed of today.
Opportunities
To seek, identify and capture opportunities in the market.
Super customer satisfaction
To set an expectation for customer satisfaction that is vastly
different and better than any competitor’s. A willingness to
learn to do new kinds of things in the future which will keep
customers satisfied.
A 21st
century model company
There will be excitement resulting from the prospect of
learning and experimenting with new ideas that will lead to
exciting new ways of doing things which may be adopted
by the company in the industry. Quality will passionately be
made a building block in every area of the company.
The dynamic global company
There must be passion to change the company for the
better and indeed at large. The parameters of the world’s
economy have shifted, and as powerful innovatators the
company will lead the way in the local environment.
Profits
Profitable operations are necessary to assure the continued
and growth of the company. The long term will consists of a
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7. sequence of hurt terms. Poor performance in the short term
will make even difficult to achieve strong performance in
the long term. Profitability will be achieved and sustained by
concentrating on the fundamentals and constantly
following on those fundamentals.
Internal symbiosis
This is the core factor that characterises the company’s
matrix. No single entity of the company can exist alone. The
company’s concepts can only work by the interdependent
of the different entities of the company.
Excellent work environment/organisational climate
We believe in working within a unique and excellent work
environment and organisational climate that would
stimulate creativity enhance performance and foster a
sense of well being of the company.
Growth extraordinary people
The company must attract the most talented people and
provide them with extraordinary environment in which to
grow. Consequently, comprehensive management training
must be provided for existing employees who will run the
company in the years ahead.
Delivering the Business
Responsible for the order capture and stock replenishment
reaching our customer base across Nigeria 365 days a year.
We control purchasing and stock replenishment ensuring
that stock levels are maintained, continually reducing our
customers' order lead times and maintaining consistently
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8. high service levels. We have the capability of receiving and
effectively processing customers’ and suppliers' orders by a
variety of communication channels.
Servicing the Business
Finance & Information Technology
Our team of professionals develop and manage a range of
information systems in house which service almost all
aspects of our business. Advanced data analysis tools and
back office systems allow us to provide customers, vendors,
partners and suppliers with up to date management
information services including sales information, order
capture, invoicing and purchasing. Idyak Ventures Limited
offer promotion management to enable supplier funds to
be monitored and controlled.
Our automated system also facilitates real time stock
management and replenishment capabilities integrates
with our back office system to provide our customers with
managed ranges, personalised priced delivery notes and
daily invoicing. The solution provides computerised stock
management and permits capture of proof of delivery.
We believe that by using the latest technologies and
software systems we provide our employees with the ability
to offer the highest level of service to our customer, vendors,
partners and suppliers.
Customers
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9. Idyak Ventures Limited customer base extends across
Nigeria, West Africa sub-region to include and local
multiples.
MANAGEMENT
Our Key Management Personnel
The resume of some of our management and technical
personnel include:
1.Idris Kehinde Yakubu worked extensively in the sales and
marketing unit of the Motors/ Leasing Division of Mandilas
Enterprises Limited before joining Mass Power Integrated
Services Limited, a division of MTI Plc as Sales Manager. He
had worked previously, in other roles including
administrative and personnel, in various other organisations
with diverse business persuasions. Over the years,
Yakubu developed an exceptional aptitude for selling
technical and specialised products including engineering,
pharmaceuticals, oil and gas, machines and tools as well as
generators and motor vehicles. He has also shown a rare
capacity for managing the sales function, taking
responsibility for bidding and negotiation of contracts,
customer relationship development, key account
management as well as the strategic functions of planning
and organising, leading and coordinating, team training,
coaching and mentoring. He is a team player and team
builder with ample experience in business start-up. His role
has consistently involved cross functional relationships at the
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10. highest levels, both within the organisations where he
worked and in his external interactions with customers and
other organisations.
Born in 1972, Yakubu holds the Bachelor of Science (B.Sc)
degree in Business Administration from the Ahmadu Bello
University, Zaria. He is an Associate Member of the Nigerian
Institute of Management (AMNIM) and presently working on
professional certification of both the Chartered Institute of
Bankers (CIBN) and the Nigerian Institute of Marketing
(NIMARK). He has attended several business and
professional seminars, workshops and conferences over the
entire span of his professional engagements. Yakubu is an
astute businessman, generously endowed with a rare
passion to succeed in whatever task he undertakes. He is
widely travelled and highly sociable.
Yakubu is the Founder and Chief Executive Officer of IDYAK
Ventures Limited.
2. Ayodele Thomas Abolarin He has 20 years experience in
Administration and Management with vast experience in
project management, administration, telecommunication
provisioning, and information technology. He graduated
from Ahmadu Bello University Zaria Nigeria where he
obtained a degree in Public Administration and his MBA,
Corporate Development and Management from University
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11. of Ilorin Kwara State Nigeria. He has worked with Strategic
Insight Solutions and System Automation Incorporation as
Head of Human Resources & Administration. Also, he served
with BitCom System Nigeria Limited as Admin/Personnel
Executive.He is the Executive Vice Chairman of the
company.
vast in
both
private and public sector accounting and auditing. He
graduated from the Federal Polytechnic Ado Ekiti Nigeria
where he obtained his HND in Accountancy in 1987. He is
an associate member; Institute of Management Consultant
and Institute of Chartered Accountants of Nigeria. He has
worked with Benue Investment &Property Ltd as a Senior
Accountant and served as Head Internal Audit with Farotti
Fragrances Ltd and has also worked with Benson
Oladunjoye & Co. as Audit Manager. In addition, he worked
as company Accountant with ALD Technical Services
Limited Abuja. He is a General Consultant on Finance and
Account to the company.
4. Fidel Oke. He has over 20 years experience in both public
and private companies with emphasis on sales and
marketing. His role in sales and marketing encompass sales
of IT and telecom solutions. He obtained his first degree in
Business Administration from University of Lagos in 1995 and
an MBA from Federal University of Technology Akure, Ondo
State of Nigeria. He has worked with Alma Accessories
Abuja as Chief Operating Officer, and also with Centre
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3.Abel Omosuyi. He has over 20 years experience in
Financial Control and Internal Audit and

12. Piece Limited as Marketing Manger and also Head of
Business Group Microtel Limited in Lagos and Abuja. He is a
General Consultant on Strategy and Business Development
to the company.
5. Nelson Alexander. Nelson has over 13 years experience
on electrical power distribution operations and
maintenance, power distribution planning and construction,
power distribution protection, control and metering with
NEPA/PHCN. He also has about 3 years experience on
power provision for GSM & CDMA companies. He is a
licensee of the federal Ministry of Energy. He is a Consultant
on Power and Transmission to the company.
6. Saliu Rapheal Adewale. Energetic and goal oriented
Sales & Commercial professional with vast and well rounded
Sales, Marketing and commercial experience was born in
the year 1970,a multi-lingua Nigerian with excellent
analytical, presentation and communication skills and well
respected by peers and supervisors. Worked in Sales and
Marketing Division of Promasidor Nigeria Limited
(Manufacturer of Cowbell, Loya, Onga, Top tea and other
quality Food Products) in various branches of the company
risen to the position of Regional Sales Manager overseeing
the entire North West of the country in the year 2009.
He has equally worked as Area Sales Manager Kano 2008-
2009,Area Sales Manager Jos 2005-2008,Sales Executive
Jalingo, Taraba State between year 2000-2002,Sales
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13. Representative Yola Adamawa State between year 1997-
1999,Sales Manager Yola 2003-2005,
Saliu is a family man, very intelligent and hard working
amongst his achievement in Promasidor Nigeria Limited,
include not limited to Outstanding Revenue growth of 109%
in Jos territory even during the Crisis of 2008, doubled Yola
Depot Sales from N36m to N78 in less than one year in 2004,
Initiated trans-border Sales between Yola and the Republic
of Cameroun 2003 – 2005.He is the Executive Director in-
charge of Sales and Marketing.
7. Bankole Oladapo Wahab. He was born in the year 1984
and attended federal Polytechnic, Ilaro, Ogun State for his
OND programme in Electrical/Electronics in year 2006.He
completed his HND programme in Power and Machine in
2010 from Lagos State Polytechnic in 2010,prior to that he
had worked extensively in various companies includes
SWAP Technologies and Telecomm Plc, Lagos as a ATS
Engineer, Electrical Technician with MTI Plc, Lagos and
Electrical Technician with JMG Nigeria Limited, Lagos and
Mikano International Limited, Lagos where he has handled
a lot of projects on Power generations, transmissions and
distributions in Nigeria.
Bankole is a member of Nigerian Association of Engineering
Craftmen. He is the Head of Maintenance, Electrical and
Electronic Unit of Idyak Ventures Limited.
AFFILIATIONS
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14. Idyak Ventures Limited has deepened and varied the
quality of its service delivery to customers in this environment
by leveraging on affiliations to world-class leaders in the
power business and automobile vehicles with some partners
and they are:
1. Mikano International Limited,
2. Ziatech Nigeria Limited
3.Alliance Autos Nigeria Limited
4.Stallion Groups
5.Coscharis Motors Limited
6.Mandilas Motors.
7. R.T Briscoe Motors
8. Cummins West Africa
9. Bhojsons Plc
VENDOR SUPPORTS
For effective representation and handling of the products,
our vendors will provide and support the company with:
• Product Support level, training locally and
overseas
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15. • Provide regular news on equipment
developments and upgrades
• Provide promotional and advertorial materials
• Visiting experts to resolve complex issues
whenever situation demands
• Warranty Support & Administration for the
various products supplied by the Vendors and
partners.
Generating the Business
Operating throughout Nigeria our team of Professionals offer
both our customers, partners and vendors profitable growth
via strong trade relationships. The influencing and execution
of our suppliers' brand plans ensures that Idyak Ventures
Limited offers customer value and choice, which has led to
our continued success.
Business Development
Idyak Ventures Limited Business Development is the link with
our vendors and partners. With key input into brand plans,
new product development, promotions and pricing
structure, our Team provides the business with the
ingredients for our continued growth. This now includes the
responsibility for our own brands. Key to our relationship
building strategy is our PR and Marketing Function which
focuses on growing both Idyak Ventures Limited and our
vendors and partners brands.
Strategic Measures
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16. 1. Financial forecasting, planning and Budgeting
Strategies
In order to achieve good and stable financial
forecasting, planning and budgeting Idyak Ventures
Limited has planned the following measures as part of
her routine.
• Percent of sales forecast
• Discretionary financial needed model
• Sustainable rate of growth model
• Evaluation of financial performance
2. Human Resources Management Strategies
Idyak Ventures Limited strategic measures to harness
human resource include;
• Work flows
• Staffing
• Performance appraisal
• Training and development of personnel
• Employee and labour relations
3. Production and Operation Management Strategies
Idyak Ventures Limited strategic measures on
production and operation management include;
• Production process strategies
• Capacity strategies
• Location work design strategies
• Layout strategies
• Production and operation strategies
4. Research and Development
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17. Idyak Ventures Limited intends to drive the business
market in the country through intensive research and
development scheme which will be based on the
following method listed below to analyze and predict
market needs.
• R & D Emphasis
• R & D Timing
• Product and Process Development
However, selecting a product or service in the market
can be a difficult task. Idyak Ventures Limited has put
criteria in place for deciding which product and service
to move with through the following consideration;
• Positive Returns on Investment
• Feasibility of Development and Execution
• Uniqueness in the Market
• Relatively Low Risk
• Timeliness of Result
Total Quality Control Policy
Idyak Ventures Limited maintains very high Total quality
control policy and ensures that all our products and services
conform to the expectations of our customers and
applicable standards and regulations.
Our total quality control programme is based on the
following principle;
• To provide excellent services
• Qualitative values to our product
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18. • Effectiveness and creativeness of team
work
• Customers satisfaction
• Continuous improvement principle
Idyak Ventures Limited performs business total quality
control by establishing specific objectives to be
achieved at various stages of the business. The actual
performance is compared with the specified objective
in order to identify any possible deviations or
discrepancies that may affect the smooth flow of the
operations. The business total quality control plan is
updated regularly.
However, the team is led by the experienced personnel,
whose duty oversees business execution starting from
start-up to the end. Also the total quality control
Manager who shall control all kinds ‘of business
execution.
Safety Policy
Adequate risk and safety management are integral part of
Idyak Ventures Limited business. Nevertheless it is an
essential part of Idyak Ventures Limited policy and
programme that all new employees are given safety
induction courses and are made to understand that safety
is a line responsibility. The orientation will normally include
room instructions, assignments, conducting the individual
around company.
Idyak Ventures Limited Community Development Policy
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19. Social and community development are also part of Idyak
Ventures success in business execution. Idyak is committed
to maintaining good workable programme of action, which
addresses community, related issues and sustain good
relationship with the community. Idyak considers the safety
of the community during and after business execution.
Company Name Idyak Ventures Limited
Country Nigeria
Website www.idyakventuresnigeria.com
General E-mails info@idyakventuresnigeria.com
idyakventures@yahoo.com
idyakventures@gmail.com
Banker 1 Diamond Bank Plc,Obafei Awolowo
Road,Ikoyi, Lagos
Banker 2 Guaranty Trust Bank Plc,
43,Marina,Lagos
Banker 3 Fidelity Bank Plc,Adetokunbo Ademola
Street,Victoria Island,Lagos
Banker 4 Skye Bank Plc,81,Obafemi Awolowo
Way,Ikoyi,Lagos.
Street Address 21,Oladehinde Coker Street, Off
Akanro,Agiri Bust Stop,Ilasamaja,
City Ilasamaja
State Lagos.
Zip +234(1)
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20. Phone Numbers 01-7101934,08029050712,08098197201,
08060317873,
Key Contact
Person
Idris Kehinde Yakubu
Conclusion
Key personal attributes of Idyak Ventures People
• A typical Idyak Ventures Limited manager will
function in a transparent team environment, in
which he or she will have to noticeably good at
something the market value ’’mastery will be the
buzzword’’.
• A typical Idyak Ventures Limited manager will
have peers and colleagues spread all over the
globe, who can call upon to further current and
future projects
• A typical Idyak Ventures Limited manager must
have sharp entrepreneurial instincts and act as if
he or she is running his or her own business.
• A typical Idyak Ventures Limited manager need
not be a technologist parse, but must embrace
technology. ‘Coping’ with it will just not be enough.
• A typical Idyak Ventures Limited manager must
have a passion for renewal, he or she has got to
constantly improve, and on occasions, re-invent
him or herself.
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21. Culture is dear and fundamental to Idyak Ventures Limited
concept. Idyak Ventures Limited people are expected to
quickly internalise these values and principles. We believe
we can together identify with them, along with a number of
others that would be shared in the course of time. We are
proud to be part of this DREAM.
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