Odu’a Investment Acquires 10% Stake in FCMB Pensions

Odu’a Investment Company Limited has acquired a 10 per cent minority equity stake in FCMB Pensions Limited, a subsidiary of FCMB Group Plc, in a move to strengthen its presence in Nigeria’s pension sector.

The company said the transaction followed regulatory approvals from the National Pension Commission and the Central Bank of Nigeria, while the Securities and Exchange Commission has been notified.

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Chairman of Odu’a Investment, Bimbo Ashiru, described the deal as aligned with the firm’s long-term strategy.

“This investment reflects Odu’a’s strategy of partnering with strong institutions operating in sectors that are central to Nigeria’s long-term economic stability and growth,” he said.

“The pension industry plays a critical role in mobilising long-term savings and strengthening the financial system. FCMB Pensions has built a solid platform, and we see a significant opportunity to support its continued growth.”

Group Managing Director, Abdulrahman Yinusa, also described the investment as a vote of confidence in the company’s future.

“Our partnership reflects confidence in FCMB Pensions’ strategy, leadership, and long-term potential. Together, we will expand its reach and deliver sustained value to contributors and stakeholders,” he said.

The company noted that the partnership is expected to deepen market penetration and enhance service delivery within Nigeria’s contributory pension scheme.