The chairman of Justrite Limited, Mr. Ayodele Aderinwale has splashed N2 billion in establishing a new branch.
ENCOMIUM Weekly’ check revealed that the super store sprang up in Dopemu, a suburb of Lagos state.
The department store which has four branches is gradually expanding to be one of the biggest merchandising outfits.
Strategically in the Dopemu neighbourhood, the outfit was established as a response to the yearning of residents around the area who desire a qualitative store where they could get all they need instead of travelling far to get them.
According to who squealed to ENCOMIUM Weekly sources, the structure cost a fortune to acquire. It has been estimated to be N200 million but with goods, it is worth N2 billion.
Built on a massive land space, the structure has ample parking space. Constructed in the shape and structure of other branches, it is painted in the same colour of yellow and blue. It stocks all household items, edibles, cooking utensils, toiletries, provisions etc.
Justrite was established in 2000 as a corner shop and metamorphosed into its present size and location in 2006. In business with the aim of creating jobs for the teeming unemployed persons, it has its first outlet in Ota, Ogun State, another in Abule Egba, Ipaja Road, Alakuko and now Dopemu.