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A Tradition Of Excellence
Stabilini Visinoni Limited was incorporated on March 13, 1969. Barely a year later, the 30-month Old Nigerian Civil war came to an end. Consequently, the task of rebuilding and reconstructing Nigeria from the ruins of war began. Stabilini Visinoni Limited became a major player of this era.
Between 1990 and 2007, the company’s job profile moved from the ordinary to the unprecedented. from the residential blocks of flat to a whole college of medicine, which is infact, a mini town, to major stadia, an awesome airport, a hotel, a tourist wonder, Defence college and highways. In all of these, quality stands out. The photo perfect finish of an artist is the hallmark of Stabilini Visinoni’s works are imposing, awesome and intimidating in sheer size and aesthetic splendor. Stabilini Visinoni typifies the inner strength of a people in its strive for perfection. That is the pride of Stabilini Visinoni – QUALITY
Our Core Values
“If you compromise your core values, you head nowhere”
Board Of Directors
At first, Master B. Stabilini,
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Lino Visinoni, Torsei Visinoni were the only shareholders. The company then, became famous for its highly impressive construction of factories and residential houses. The shareholder structure expanded and admitted four Nigerians; Prince Bola Ajibola, Cheif Kuforiji Rotimi, H.R.M Oba Lipede and Cheif S. Fawehinmi, Except B. Stabilini, every other shareholder listed above was also a director.
All the directors sold out their shareholding to a new group of shareholder. The Visinoni brothers were retained as director along with three new Nigerian directors along with three new Nigerian directors. Chief T.K.A Akinbami, Dr. B.O Babalakin and Dr. M. Umaru. This was the turning point for the company.
Stabilini Visinoni propelled by its newly energized board, joined the league of mega construction firms. That year, Stabilini Visinoni began the construction of its multi-storey building. The 10 storey high rise edifice in central Lagos business district, called the Roof Top. The construction of the 38-flats Bunu Sheriff Gardens reputed as one of the largest block of flats in Lagos highbrow Ikoyi, also commenced.
The construction of the 12-storey NECA house in Victoria Island, Lagos began during this period. First Bank Plc, Lever Brothers Plc, Nestle Plc, Chartered Bank all became our Client in this area.
In a June 25, 1996 Annual General meeting, the Visinoni brothers, save one, were voted out as directors. The new board then bacame: Engr. I.K Inuwa, Mr. Kole Ojutalayo, Dr. B.O Babalakin, Chief A.A Atanda, Mr. Demola Folarin, Dr. Abiodun Layonu SAN, Mr. Mariano Visinoni, Mrs., Olayinka Akinsanya and keith Anderson. Same year, in 1996, Peat Mawick Ani Ogunde & Co. became auditor of the company.
The company commenced work on a multimillion naira 3-residential blocks of flats for Dangote Nigeria Limited.