It was with the preceding background that the then Lisabi Commercial College was conceived in 1942, when the founder, Julius Olusesan Popoola, who taught French and Latin at Abeokuta Grammar School in Abeokuta, proposed the idea of establishing a school to his wife, Chief Victoria Adesola Popoola.

Victoria Adesola Popoola conceived a school where students could acquire vocational skills in food and nutrition, home management, fine arts, tailoring, and hand-craft.

The association's president, Oloye Muhyi-deen Kazeem, explained that the project was chosen to empower students in various ways—morally, economically, physically, and mentally.

It has produced accountants, academicians, lawyers, judges, politicians, doctors, nurses, pharmacists, dentists, artists, and leaders of industry.

Led by the Global Executive Council, which has its headquarters in Abeokuta, the association operates through sets and branches all over Nigeria.

The national body of Lisabi Grammar School Old Students Association (LIGSOSA) was established by the founders from the existing Abeokuta and Lagos branches.