Odu\u2019a Investment Company Limited said on Monday that it has acquired a 10 per cent minority equity stake in FCMB Pensions Limited, a subsidiary of FCMB Group Plc, in a move aimed at strengthening its presence in Nigeria\u2019s growing pension industry.\n<\/p>\n
The company disclosed that the transaction was completed after receiving all required regulatory approvals from the National Pension Commission and the Central Bank of Nigeria, while the Securities and Exchange Commission has also been duly notified.\n<\/p>\n
Odu\u2019a Investment said the acquisition represents a strategic investment in a resilient and steadily expanding segment of Nigeria\u2019s financial services sector. The company added that the deal also reinforces FCMB Pensions\u2019 shareholder base through the entry of a long-term institutional investor.\n<\/p>\n
The Group Chairman of Odu\u2019a Investment Company Limited, Otunba Bimbo Ashiru, said the investment aligns with the company\u2019s strategy of partnering with strong institutions operating in sectors critical to Nigeria\u2019s long-term economic stability.<\/p>\n
\u201cThis investment reflects Odu\u2019a\u2019s strategy of partnering with strong institutions operating in sectors that are central to Nigeria\u2019s long-term economic stability and growth,\u201d Ashiru said in a statement.\n<\/p>\n
\u201cThe pension industry plays a critical role in mobilising long-term savings and strengthening the financial system. FCMB Pensions has built a solid platform serving contributors across Nigeria, and we see a significant opportunity to support its continued growth and impact.\u201d <\/p>\n
Also commenting on the transaction, the Group Managing Director of Odu\u2019a Investment Company Limited, Abdulrahman Yinusa, described the deal as a vote of confidence in FCMB Pensions\u2019 leadership and long-term prospects.<\/p>\n
\u201cOur partnership with FCMB Group Plc reflects confidence in FCMB Pensions\u2019 strategy, leadership, and long-term potential. Together, we will work to expand its reach, support its strategic objectives, and deliver sustained value to contributors and other stakeholders,\u201d Yinusa said.\n<\/p>\n
The investment brings together two established institutions with complementary strengths and a shared focus on long-term value creation. According to the company, the partnership positions FCMB Pensions to deepen market penetration and enhance service delivery within Nigeria\u2019s contributory pension scheme.\n<\/p>\n
Odu\u2019a Investment Company Limited is an investment holding company jointly owned by the governments of the six South-West states of Nigeria.\n<\/p>\n
The firm manages a diversified portfolio spanning real estate, financial services, hospitality, agriculture, and industrial investments, with a mandate to generate sustainable economic value and support regional development.<\/p>\n","protected":false},"excerpt":{"rendered":"Odu\u2019a Investment Company Limited said on Monday that it has acquired a 10 per cent minority equity stake…\n","protected":false},"author":2,"featured_media":481924,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[171261,59695,171262,84,171263,171264,4176,1346,465,8720,171265,171266,4174,4175,56,54,55],"class_list":["post-481923","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-abdulrahman-yinusa","tag-acquisition","tag-bimbo-ashiru","tag-business","tag-fcmb-group-plc","tag-fcmb-pensions","tag-finance","tag-financial-services","tag-investment","tag-nigeria","tag-odua-investment","tag-pension-industry","tag-personal-finance","tag-personalfinance","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/481923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=481923"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/481923\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/481924"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=481923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=481923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=481923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}