The Onigbedu limestone deposit was investigated using the aeromagnetic data, resistivity soundings and borings with the aim of characterizing the limestone deposit and estimating its reserves. The subsurface structural features and depth to basement were identified with the analysis of aeromagnetic data. Twenty nine boreholes were drilled for subsurface appraisal and correlation of the limestone deposit. Eighty nine Vertical Electrical Sounding (VES) were acquired using the Schlumberger array. The results showed NE-SW trending lineaments that segmented the limestone. Depth to basement varied from 144.2 m to 1090 m. The VES results showed four to six layers indicating the topsoil (7-315 Ωm), clay (2-25 Ωm), shale (6-31 Ωm), limestone (20-223 Ωm), sandstone (>200 Ωm) and sandy materials. The VES results correlated well with the lithological unit delineated from the borehole. The overburden thickness ranged from 3.3 m to 28 m, while the limestone thickness varies between 18.1 m and 48.3 m. The limestone reserve was estimated at 1.9 × 109 t. This study concluded that the study area had vast occurrence of the limestone deposits, which would be of economic importance, if exploited.