Emerhor says Standard Alliance is approaching the market to raise more funds in order to offer the company’s shareholders a lot of returns on their Investment. “If you buy this share, you are buying into six companies, I tell you, six companies for the price of one” he said.

“We are six companies in the Group doing different businesses; therefore investors are actually going to get the value of six companies for the price of one” Emerhor said.

To raise N18.7 billion Standard Alliance is offering to investors by way of subscription 4.750 billion ordinary shares of 50 Kobo each at N3.95 Kobo per share.

From a document made available to Proshare N/I, offer proceeds would be used in implementing the company’s strategic plan of expansion and diversification through the provision of Life Assurance, Assets and Wealth Management Services, Property Investment and Real Estate Services, Mortgage Banking and Pension Fund Administration.

“Standard Alliance would use the proceeds from the offer to strengthen the various companies in the Group, so that we can expand our services beyond Lagos, Port Harcourt and Abuja where we already exist to other parts of the country” Emerhor said.

Lead Issuing House to the offer is Vetiva Capital Management Limited, while the joint issuing houses include Diamond Bank Pc, First Inland Bank Plc, and Greenwich Trust Limited. Others are LeadCapital Limited, Skye Bank Plc and Spring Capital Markets Limited. The offer opens Friday, 14th March 2008 and closes Monday, 31st March 2008.