Powering Industry Through Copper

CBA Metals is developing an integrated copper processing platform designed to serve industrial demand across Nigeria and global export markets.

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The world needs more Copper.
Africa has it in ABUNDANCE.

The global energy transition is driving unprecedented demand for refined copper. Nigeria imports virtually all of it. CBA Metals is built to change that.

$ 0 B+

Global copper deficit projected by 2030

0 %+

Of Nigeria's copper demand currently met by imports

0 M+

Nigeria's population projected by 2030

40,000

TPA Grade-A Cathode Capacity

$150–200M

Total Capital Requirement

~2.00x

Base Case DSCR

0%

Corporate Tax (LFTZ)
All revenues pegged to the LME Copper Cash Settlement Price — dollar-denominated at every level of the capital structure.
// OUR APPROACH

The Hub-and-
Spoke Model

CBA Metals operates on a Hub-and-Spoke architecture — four modular concentrators across brownfield mine sites feeding a centralised refinery within the Lekki Free Trade Zone. We are not a trading company. Our platform runs from upstream ore sourcing through midstream concentration and refining, to downstream distribution of LME-grade copper cathodes designed to serve Nigeria’s growing industrial base, substitute high-value copper imports, and open direct export channels to global commodity markets through the Port of Lagos.

Read Our Strategy
// OUR FOUNDATION

6 Pillars, 1 Platform.

Every element of our business model is designed with a single purpose: to build a copper processing operation that is economically competitive, nationally strategic, and built to last.

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Resource Security

Access to upstream ore supply across Nigeria and Southern Africa ensures a resilient, diversified feedstock base for long-term processing operations.

Industrial Processing

State-of-the-art smelting and refining infrastructure designed to produce LME-grade copper cathodes that meet the standards of international commodity markets.

Import Substitution

Nigeria spends billions annually importing refined copper. Our platform is positioned to capture a significant share of this demand and redirect that value into the domestic economy.

Export Competitiveness

Lagos is West Africa’s premier trade gateway. Our location and logistics model positions CBA Metals to serve not just Nigeria, but the broader regional and global export market.

Sustainable Growth

Responsible sourcing, emissions controls, and environmental stewardship are not afterthoughts; they are operational standards built into our platform from the ground up.

National Development

Every tonne of copper we process generates local employment, foreign exchange earnings, skills transfer, and industrial value addition, directly supporting Nigeria’s economic transformation agenda.

The right Country.

The right Moment.

INDUSTRIAL DEMAND

Nigeria’s construction, power, and manufacturing sectors are among the fastest growing in Sub-Saharan Africa, driving sustained copper demand growth.

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// WHERE WE ARE

A Platform Built with Precision

Phase 1
Foundation

Corporate structuring, feasibility and regulatory engagement.

Complete
Phase 2
Development

Site identification, infrastructure planning and ore supply structuring.

In Progress
Phase 3
Capital Raise

Investor outreach, DFI engagement and project finance structuring.

Active
Phase 4
Construction

Civil works, equipment procurement and facility commissioning.

Upcoming
Phase 5
Operations

First production, offtake agreements and export channel activation.

Target
ESG COMMITMENT

Built to Operate Responsibly

Industrial development and responsible practice are not opposing forces. CBA Metals is being designed with environmental stewardship, community development, and governance transparency embedded into every operational decision.

Environmental Stewardship

Emissions controls, responsible water management, and waste reduction standards aligned with international best practice in metals processing.

Community Development

Local employment, supplier development, and community investment programmes designed to ensure that the communities surrounding our operations share in the value we create.

Governance Standards

Transparent reporting, independent oversight, and anti-corruption compliance frameworks that meet the expectations of international institutional investors and development finance institutions.

The Team

More about team

Meet The Team

George Onofowokan
George Onofowokan Chairman
Abubakar Lawal
Abubakar Lawal Director
Francis Ekeng
Francis Ekeng CEO
Lekan Sanusi
Lekan Sanusi Director
Dr. Israel Oviri
Dr. Israel Oviri Director
Maurice Phido 1
Maurice Phido Director
OUR TEAM

Meet The Team

The passionate leaders driving our vision forward

George Onofowokan

Chairman

George Onafowokan

George Onafowokan is a distinguished industrialist and a leading figure in West Africa's manufacturing sector. As the Managing Director and CEO of Coleman Technical Industries Ltd, he has demonstrated an exceptional ability to scale complex industrial operations. His deep technical grounding and strategic vision provide CBA Metals with unparalleled insight into downstream industrialization and domestic supply chain integration.

Francis Ekeng

CEO

Francis Ekeng

Francis Ekeng is a highly versatile entrepreneur and business development executive with a proven track record in driving operational excellence across construction, real estate, and financial technology sectors. He provides CBA Metals with the agile leadership and strategic foresight required to execute complex, multi-stakeholder industrial projects.

Dr. Israel Oviri

Director

Dr. Israel Ovirih

Dr. Israel Ovirih, a Valedictorian, is a globally-minded development economist and a veteran structured-finance expert with over 30 years of experience navigating the Nigerian and international financial landscapes. As the Founder and Chairman of Banklink Africa, he brings to CBA Metals a formidable track record in capital syndication, project finance, and institutional advisory.

Abubakar Lawal

Director

Abubakar Lawal

George Onafowokan is a distinguished industrialist and a leading figure in West Africa's manufacturing sector. As the Managing Director and CEO of Coleman Technical Industries Ltd, he has demonstrated an exceptional ability to scale complex industrial operations. His deep technical grounding and strategic vision provide CBA Metals with unparalleled insight into downstream industrialization and domestic supply chain integration.

Lekan Sanusi

Director

Lekan Sanusi

Lekan Sanusi is a highly disciplined senior banking executive with a distinguished career scaling financial institutions across Nigeria, Ghana, Gambia, and Uganda. His tenure as Managing Director/CEO of GTBank (Ghana) Ltd was marked by analytical precision and aggressive, profitable market expansion. He was also at a time the Chief Economist at the Nigeria NLG Limited.

Maurice Phido

Director

Maurice Phido

Maurice Phido is a deeply experienced corporate financier and chartered accountant with over 26 years of high-level banking experience spanning Nigeria and the United Kingdom. Adept at managing highly complex cross-border financial operations, his expertise encompasses treasury management, project finance, and wholesale banking across critical infrastructure sectors.
// WORK WITH US

We are engaging with investors, financiers, technical partners, and government stakeholders

Investors & Equity Partners

We are open to conversations with private equity, family offices, and institutional investors seeking exposure to African critical minerals infrastructure.

Banks & Development Finance Institutions

Our project finance structure is being developed with DFI engagement in mind. We welcome dialogue with Nigerian and international development banks.

EPC and Technical Partners

We are identifying world-class engineering, procurement, and construction partners with experience in copper processing and Sub-Saharan Africa project delivery.

Ore Suppliers and Offtakers

We are building relationships across the upstream and downstream copper value chain from ore supply agreements to long-term offtake partnerships.

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News & Updates

Stay informed on global copper trends, the energy transition demand story, and the latest developments in Nigeria’s mining and industrial sector.

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Africa's Copper future is Being Built Now

CBA Metals is not waiting for the right conditions. We are creating them. If you are an investor, partner, or stakeholder who understands the scale of this opportunity we want to speak with you.

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