Medlag Consult was set up by the College of Medicine of the University of Lagos in 1994 to provide professional development for healthcare workers in the area of research and training as well as provide technical and professional Consultancy, in addition to creating avenue for revenue generation for the College through fees chargeable for the above activities..
The management of College of Medicine University of Lagos, Idi-Araba, Surulere Lagos, under the leadership of Prof. Soga Sofola, the Provost of the College (as he then was) looked inward and came up with the idea of commercializing some of the college facilities,
so that through this, the College will not be faced with the challenges of maintenance of these properties and in the same vein, generate revenue to the College.
Medilag Ventures Ltd. was incorporated by the Corporate Affairs Commission (C.AC). on the 27” December 1995. In the Memorandum of Association, four areas were identified but not limited to these four services: The Printing Press, The Pharmacy, The Catering/Guest House and the Consultancy services. The Medilag Consult later spring up from this body to render medical services to the public