ABOUT LECON

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Who We Are

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LECON Financial Services Limited {formerly Leasing Company of Nigeria Limited (LECON)} was established in 1989 as a wholly owned subsidiary of Nigerian Industrial Development Bank Limited, (NIDB) now Bank of Industry (BOI).

LECON Financial Services Limited has emerged as the major non-bank financial institution solely engaged in lease financing of assets.
LECON Financial Services Limited, as the oldest and foremost leasing company in the country, affords its customers over 30 years of experience, expertise and in-depth knowledge of the leasing market and business.

As a subsidiary of the Bank of Industry, LECON is a beneficiary of BOI’s good working relationships with Foreign Development Financial Institutions which translate to direct access to reasonably priced funds. This advantage is ultimately passed on to our customers in the form of competitive lease pricing.

SHAREHOLDING STRUCTURE

The authorized share capital is N10 billion ordinary shares of 50k each. Paid up share capital is 6,664,300,004 shares
(N3, 332,150,002).

Major shareholders are:

  1. Bank of Industry Limited
  2. Nigerian Maritime Administration and Safety Agency (NIMASA).

MANDATE

  1. Meet the requirements of our lessees.

  2. Sustain growth in the earnings and profit of the Company on behalf of our shareholders.

  3. Make a fitting contribution to economic and social development of the nation.

LECON'S COMPETENCE

LECON Financial Services Limited, as the oldest and foremost leasing company in the country, affords its customers over 30 years of experience, expertise and in-depth knowledge of the market and business.

As a subsidiary of the Bank Of Industry Limited, LECON is a beneficiary of BOI’s good working relationships with foreign development finance institutions which translates to access to reasonably priced funds.

This advantage is ultimately passed on to our customers in the form of competitive lease cost