25/05/2026
How I scaled from barely a ₦50 million yearly portfolio into managing billions of Naira in assets and vehicle financing yearly.
Truthfully, it started through testing.
Over a decade ago, I gave two individuals Toyota Corollas on a payment plan. One struggled badly with repayments, forcing me to repossess and sell the vehicle at a loss. The second customer completely changed my perspective. He stayed consistent, maintained the vehicle properly, and eventually completed repayment successfully.
That experience taught me something powerful:
The real opportunity was never just the vehicle itself, but ensuring the right people gained access to the opportunity.
So I focused heavily on building better systems:
• Better customer screening
• Stronger structure
• Insurance & vehicle tracking
• Recovery systems
• Refinancing support
• Asset protection
What started as a small hire purchase experiment eventually evolved into Gbovo.
Ironically, before the public believed in us, a few people around me quietly did.
One of our earliest investors was actually my secondary school teacher, who later referred almost his entire family. Today, we also have local and foreign investors who have collectively invested billions into what we are building.
Gbovo may have started from my vision, but it was scaled alongside Yinka and many incredible people who believed in what we were building.
And even though Gbovo was my baby, I knew for it to truly scale, I needed talented executives aligned with the vision.
Founded and built by myself.
Scaled alongside Yinka.
Sometimes I wonder what would have happened if I allowed that first bad experience stop me completely.
Would Gbovo even exist today?
One thing I do know is this:
What you are looking for is often sitting on the other side of fear.
We are still building.
And I genuinely believe Gbovo will become one of Africa’s leading asset-backed finance and asset management companies.
