Odu’a Investment acquires 10% stake in FCMB Pensions

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 company stated that the transaction received approvals from the National Pension Commission (PenCom) and the Central Bank of Nigeria (CBN), and the Securities and Exchange Commission (SEC) has been duly notified.

OICL described the acquisition as a strategic investment in Nigeria’s growing pension industry, noting that the sector remains a resilient and steadily expanding segment of the country’s financial services space.

According to a statement by Head, Branding & Communication, Victor Ayetoro, the deal is also expected to strengthen FCMB Pensions’ shareholder base by bringing together two institutions with complementary strengths and a shared focus on long-term growth and value creation.

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

According to him, the pension industry plays a vital role in mobilising long-term savings and strengthening the financial system, adding that FCMB Pensions has established a solid platform serving contributors across the country.

“We see significant opportunity to support its continued growth and impact,” he said.

Group Managing Director of OICL, Abdulrahman Yinusa, also expressed confidence in FCMB Pensions’ strategy and leadership.

He said the partnership would focus on expanding the company’s reach, supporting its strategic objectives and delivering sustained value to contributors and other stakeholders.

Odu’a Investment Company Limited is jointly owned by the governments of the six Southwest states and manages a diversified portfolio spanning real estate, financial services, hospitality, agriculture and industrial investments.

FCMB Pensions Limited is a licensed pension fund administrator regulated by PenCom, providing retirement savings administration and pension management services to individuals and institutions across Nigeria. As of December 2025, the company had over N1.1 trillion in assets under management.