Key Highlights
- Odu'a Investment Company Limited acquired a 10% minority equity stake in FCMB Pensions Limited.
- The transaction received approvals from the National Pension Commission (PenCom), Central Bank of Nigeria (CBN), and Securities and Exchange Commission (SEC) was notified.
- FCMB Pensions had over N1.1 trillion in assets under management as of December 2025.
- The acquisition aligns with Odu'a Investment's strategy to partner with strong institutions in critical sectors.
- The deal is expected to enhance FCMB Pensions’ shareholder base and expand its reach.
Odu'a Investment Company Limited (OICL) has acquired a 10 per cent minority equity stake in FCMB Pensions Limited, a subsidiary of FCMB Group Plc. The transaction has received the necessary approvals from the National Pension Commission (PenCom) and the Central Bank of Nigeria (CBN), with the Securities and Exchange Commission (SEC) duly notified.
OICL described the acquisition as a strategic investment in Nigeria’s growing pension industry, highlighting the sector's resilience and steady expansion within the country’s financial services landscape. This deal is anticipated to bolster FCMB Pensions’ shareholder base by uniting two institutions with complementary strengths and a shared vision for long-term growth and value creation.
Otunba Bimbo Ashiru, Chairman of Odu’a Investment Company Limited, stated that the investment is in line with the company’s strategy to collaborate with robust institutions in sectors vital for Nigeria's economic stability and advancement. He emphasized the pension industry's crucial role in mobilizing long-term savings and reinforcing the financial system, noting FCMB Pensions' established platform serving contributors nationwide.
“We see significant opportunity to support its continued growth and impact,” Ashiru added. Group Managing Director of OICL, Abdulrahman Yinusa, expressed confidence in FCMB Pensions’ strategy and leadership, indicating that the partnership will focus on broadening the company’s reach, supporting its strategic goals, and delivering sustained value to contributors and stakeholders.
Odu'a Investment Company Limited, jointly owned by the governments of the six Southwest states, manages a diverse portfolio encompassing real estate, financial services, hospitality, agriculture, and industrial investments. As of December 2025, FCMB Pensions Limited, a licensed pension fund administrator regulated by PenCom, managed over N1.1 trillion in assets under management, offering retirement savings administration and pension management services to individuals and institutions across Nigeria.
