About MTFL and MAAL

Our Company Background

MTFL was set up by the Late Akintunde Stephen Marinho, who bought the two farm lands as part of his retirement plan. His dream was to engage in year-round farming of high yield crops and in the long-term livestock. He sought to work with strategic partners, to engaging with value add technical expertise where and whenever possible. Utilising fit for purposes innovation, technology and modern methods for seeds, fertilisation, irrigation, crop protection, testing and production that will enable sustainability, maximise production and revenue. While providing opportunities for the youth and women in the local community.


Akintunde Stephen Marinho was born on the 27th of April, 1941 in Lagos Island. The fourth of six children, he was the born to the Late Joseph Joaquim Ibikunle Marinho, Esq. M.B.E, O.B.E, O.O.N, former head of the Civil Service Commission in the old Western Nigeria, and the Late Olatunbosun Marinho, nee Sogunro Davies, who taught at CMS Girls Seminary and was Headmistress of Araromi Baptist School.

Akintunde started his early education at CMS Girls Seminary. After 2 years at the seminary, he moved on to Holy Cross Catholic School, and then St. Gregory’s College. He left for England in 1959 to take his ‘A’ Levels at the College of Commerce in Birmingham. The following year, he secured employment in the London offices of accounting firm, Binder Hamlyn, as an articled clerk thanks to Sir Akintola Williams who had worked there. Over the next 10 years he trained as an accountant, and became a chartered accountant.

In 1969, he married Helen Elizabeth Gerda Stevens of Dominica, West Indies, and they returned to Lagos the same year. The marriage produced two daughters. Upon his return, he began working at Christlieb Limited as financial controller. In 1977, he became Managing Director – a position he held until his retirement in 1995.

During his professional career, he was a Fellow of the Insititute if Chartered Accountants of Nigeria and of the United Kingdom and Wales, a Chartered Arbitrators, and a Life Fellow of the Institute of Directors.  He obtained a Masters of Business Administration in 1990 from the University of Ibadan.

After a protracted illness, he peacefully passed away on Sunday 21st February, 2016.

He is survived by his wife, Helen Marinho, daughters, Titilola Marinho Anidugbe and Simisola Marinho and son Akintunde Marinho and grand-daughter, Adebanke Awogboro.

He is remembered fondly by friends and family. May he rest in perfect peace.

Business Summary

MAAL is a Limited Liabilities that will supply local and foreign markets with the following range of produce:

Vegetation and Crop Information

All crop or plans selected below will have an economic value to the farm.

Vegetables 20 hectares and Greenhouses

  • Cucumbers

  • Water Melons

  • Tomatoes

  • Capsicum

Grains 20 hectares

  • Soyabeans

  • Corn

Rhizomes and Others 160 hectares

  • Ginger

  • Plantains

Plantation 255 hectares

  • Cashew


Alternative to regenerate land, intercropping and cover crops etc.

  1. Ground Nut, Soybeans, Carrots, Spring Onions, Brown Onions

  2. Mint, Lavender, Lemon Grass, Basil, Sage

  3. Kale

  4. Teak, Shear Tree, Bamboo, Neem Tree

  5. Kenaf


Bougainvillea, Hibiscus, Blue Jacaranda (Jacaranda Mimosifolia), Chrysanthemum, Annual Delphinium (Consolida Ajacis), Bleeding Heartwine (Clerodendrum Thomsoniae), Cattleya (Cattleya Amethystoglossa), Orchids, Heliconia – also known as ‘Lobster Claws’, Aloe vera, Musas (Musas), Blue-Passion flower (Passiflora Caerulea), Bolbitis heudelotii, Impala Lily, African Violet

Business Strategy Outline


To be the leading provider of year-round nourishing produce using innovation, technology and ecofriendly farming practices in West Africa.


With love, integrity and great courage, we embrace our responsibility to drive the development of our farms such that each of us, our communities, and our planet can flourish. All the while, celebrating the sheer love and joy of producing high quality food.

Our Values are at the heart of all our endevours, daily we strive to be

Reliable & accountable for excellence

Efficient, innovative and technology driven

And to do this with love, respect, integrity & transparency

Teamwork & individual passion

Vigous in the pursuit of learning & improvments

Keys to Success:

Continuous Learning and Communication

We will keep all partners and staff current on all aspects of the farm, we will constantly be seeking feedback and input regarding improvements to operations.


Healthier Choices

All produce will be either hybrid or organic. From inception of activities a keen eye will be kept on chemicals deployed in the various sections of the farm.


Support the Local Economy

We will seek to share with the local community modern practices and innovations that enhance sustainability of farm lands and economy. Locating and build good relationships with our buyers.

Offer Personalized Selections

We will strive continuously to be the farm supplier of choice by providing customized offerings to customers based on what they want within the constrains set out by our Vision, Purpose and Values.



  1. Develop, produce and market all produce from the farm while gaining and contributing to the changing dynamics of the Nigerian agribusiness based on a keen understanding of economic principles and their effect on business.

  2. Investing strategically in agricultural and processing to assure investors’ returns, promote our CRS mandate, while providing for sustainable local production and revenue.

  3. Adopt and utilise related innovation and technologies. Enabling diversification, partnering with companies, government and non-government organizations. Developing an ability to use effectively business management techniques in an international market environment. Generate and communicate ideas in this space, while utilising business information efficiently and accurately.

  4. Evaluating other investment tools and investment opportunities that may help achieve MAAL long term goals.

  5. Develop and continually enhance local skills and knowledge. Develop a sustainable agriculture system for guaranteed adequate food production in the foreseeable future.

  6. Advancing a strategy that puts the customer and environment first.

The effect of Modern Farming Practise on our Operations

Agriculture is one of the longest endeavours of mankind, the cultivation of plants and animals as a means of sustaining life has become more important over time as the population of the world grows exponentially. It is exactly for this reason that farming practices have undergone many dramatic changes in recent times. Feeding two billion humans in 1927 is very different from feeding seven billion 2017.

And so, has led to the development of modern farming practices. This important development has not been lost on us at MAAL in fact we see them as being crucial to our success as they have been designed to enable farmers meet the demands for food in an environment where their activities could spell disaster for the local ecology on which they depend on for meeting demand. Fortunately for us, efficiency is just one of the benefits of modern farming practices.


Key solutions deployed with regards to Crop Farming at MAAL farms:

  1. Irrigation

  2. Nutrient and soil management practices

  3. Mechanisation

  4. Transportation and storage

  5. Crop protection

  6. Precision agricultural practices and related technologies


The use of scientific data, information technology and advancements in technology

Modern agriculture is making smaller, more frequent adjustments in the field. This emerging, data-driven field known as “precision agriculture” is gathering information collected by the interconnected system of sensors on modern-day tractors, combines, and other machinery.

When a farmer is managing upwards of thousands of acres or hundreds of hectares, measuring, tracking, and analysing all the various data points that emerge from the field is enormously valuable. Using the right amount, at the right place, at the right time. MAAL has selected solutions that provide these and many other functionalities including Cost optimization, complemented by a standard accounting/ERP package. When paired with knowledge of their trade, the insights born of this practice can allow MAAL to create the perfect “prescription” for their fields.