FBNH Announces Complete Acquisition of Access Pension Fund Custodian by First Pension Custodian

Nnamdi Okonkwo, Group Managing Director, FBN Holdings Plc. Image Credit arise.tv

September 22, 2022/NGX

FBN-Holdings Plc (“FBNH”: or “the Company”) is pleased to inform Nigerian Exchange Limited (“NGX” or “the Exchange?) and the investing public that First Pension Custodian Nigeria Limited (“First Pension’), a subsidiary: of- FBNH’s- flagship’ subsidiary, First Bank of Nigeria Limited (“FirstBank”),-has: completed the acquisition of. 100% of the share capital of Access Pension Fund Custodian Limited from Access Bank Plc, having obtained the requisite regulatory approvals. .

The transaction has the “no objection” of the Central’ Bank of Nigeria as well as the approvals: of the National Pension Commission and the Federal Competition and Consumer Protection Commission.

The transaction is in line with First Pension’s growth strategy and advances its mission to be the ‘custodian of first choice’, and leading pension custodian in sub-Saharan Africa.

Leave a Comment

Your email address will not be published. Required fields are marked *