By: Tijani Salako.

Odu’a Investment Company Limited has acquired a 10% minority equity stake in FCMB Pensions Limited, in a move aimed at strengthening Nigeria’s growing pension industry.

The company disclosed this in a statement, noting that the transaction was completed after securing all required regulatory approvals from the National Pension Commission and the Central Bank of Nigeria. The Securities and Exchange Commission has also been duly notified.

According to the company, the deal reinforces FCMB Pensions’ shareholder base with the entry of a long-term institutional investor, reflecting confidence in the resilience and growth potential of Nigeria’s pension sector.

Chairman of Odu’a Investment Company Limited, Otunba Bimbo Ashiru, said the investment aligns with the company’s strategy of partnering with strong institutions operating in sectors critical to Nigeria’s long-term economic stability.

“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.

“The 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,” Ashiru said.

Also speaking, the Group Managing Director of Odu’a Investment Company Limited, Abdulrahman Yinusa, described the deal as a vote of confidence in FCMB Pensions’ leadership and long-term prospects.

“Our partnership with FCMB Group Plc reflects confidence in FCMB Pensions’ 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,” Yinusa said.

The company added that the partnership brings together two established institutions with complementary strengths and a shared focus on long-term value creation.

It further noted that the investment positions FCMB Pensions to deepen market penetration and enhance service delivery within Nigeria’s contributory pension scheme.