Lagos State Governor Sanwo-Olu has approved the appointment of a new Governing Board for the Lagos State University (LASU).
The approval letter signed on Friday by Mr. Bode Agoro, the state’s Head of Service stated that Mr. Babajide Sanwo-Olu has assented to the appointment of an 11-member council, with the appointments effective from Friday October 31st, 2025.
“In continuation of this administration’s commitment to improve the quality of education in the State-owned Higher Institutions, it is hereby notified for general information that Mr. Babajide Sanwo-Olu, the Governor of Lagos State, has approved the membership of the Lagos State University Governing Council,” the statement reads.
“Accordingly, the council will be headed by Babatunde Ogala, a Senior Advocate of Nigeria (SAN); while Oluseyi Badmus, Bode Makanjuola, Mojisola Tolagbe Taiwo, Shaffudeen Amuwo, and Rafiu Adisa Ebiti will serve as members. Other members of the council include Kofo Durosimi-Etti, Farouk Gumel, Adenike Akanbi, Biodun Hundeyin and Remi Desalu.
Reacting to the announcement, a member of the new council and Chief Executive Officer of Caverton Offshore Support Group, Mr. Bode Makanjuola, said he is honoured to be appointed as a member of the Lagos State University Governing Council.
“This appointment represents a huge honour and privilege to serve an institution that plays a pivotal role in shaping the futures of the students, faculty, and the broader community,” Makanjuola said.
Speaking further, the Caverton CEO thanked Governor Babajide Sanwo-Olu for the trust and confidence placed in him just as he looks forward to contributing to LASU’s continued pursuit of academic excellence, innovation, and inclusive growth.
He also commended and acknowledged the leadership and members of staff of LASU for their warm reception and unwavering dedication to the university’s mission while reiterating his commitment to service based on his belief that education is critical and important to the development of any society.
While also praising his family, mentors, friends and colleagues for their encouragement and support over the years, Makanjuola added: “I remain committed to upholding the highest standards of integrity, servant leadership, and impactful governance.”
From the board room to becoming a school administrator, Makanjuola’s seed of scholarship was first ignited at the ivy league Adesoye College, Offa in Kwara State, after which he proceeded to Kings College Taunton, Somerset, United Kingdom for his Advanced Levels between 1994 and 1996.
He would later move to University of Leicester England between 1996 and 2000 where he studied Mechanical Engineering and City University Business School, England for his Master’s degree in Shipping Trade and Finance.
Armed with solid academic degrees from reputable global universities, he began his career in 2000 as industrial trainee at Elder Dempster Nigeria. Right there, where his future as a business mogul was laid. Between 2002 and 2006, he was an LPG Trader/Business Development Executive with Le Global Oilfield Services.
He became the Operations Director/Chartering Manager at Caverton Marine Limited around 2006-2007 and rose to Executive Director, Caverton Offshore Support Group in 2007, prior to his current role where he sits on the board of a number of blue-chip companies. Since then, he has integrated further into the business world, navigating several commercial trading contracts with the NNPC, Nigerian LNG and a number of international trading companies.
Focused, diligent with an outstanding administrative skill, Makanjuola leads Caverton Offshore Support Group (COSG), a Nigerian company providing integrated marine and aviation logistics services, primarily to the oil and gas industry. Under his leadership, the company has diversified into boat manufacturing to ease transportation problems by unveiling water transportation initiatives in Lagos, Nigeria’s commercial hub.
COSG has witnessed tremendous growth, including putting Nigeria on the global map. In August 2024, the company announced a strategic partnership with ExploMar (Suzhou) Energy Technology Co. Ltd. of China, which marked a significant step towards sustainable transportation in Nigeria, as Caverton Marine integrates electric outboard engines from ExploMar into the recently launched passenger ferries aptly named OMIBUS.
Caverton recently unveiled OMIBUS Electric Ferry built by the company, first of its kind in Nigeria to promote sustainable water transportation system.
And early this year in Abuja, the company collaborated with Nigeria’s national oil company for the formalisation of NNPC Shipping Joint Venture UNITY Shipping Worldwide, a JV that brought together NNPCL, Caverton and Stena Bulk, a Swedish shipping company.
