Odu’a Investment Company Limited has acquired a 10% minority stake in FCMB Pensions Limited, a subsidiary of FCMB Group Plc (NGX:FCMB), as it seeks to expand its presence in Nigeria’s growing pension sector.
Jointly owned by the governments of six south-western states in Nigeria, Odu’a is an investment holding company with a diversified portfolio spanning real estate, financial services, hospitality, agriculture and industrial investments.
Odu’a said the transaction was completed following regulatory approvals from the National Pension Commission and the Central Bank of Nigeria, while the Securities and Exchange Commission has also been notified.
Odu’a Investment said the acquisition represents a strategic move into a resilient and expanding segment of Nigeria’s financial services industry, adding that the deal strengthens FCMB Pensions’ shareholder base through the entry of a long-term institutional investor.
Group Chairman Otunba Bimbo Ashiru said the investment aligns with the company’s strategy of partnering with 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,” Ashiru 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 serving contributors across Nigeria, and we see a significant opportunity to support its continued growth and impact.”
Group Managing Director 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 companies said the partnership is expected to deepen FCMB Pensions’ market penetration and enhance service delivery within Nigeria’s contributory pension scheme.
© 2026 bne IntelliNews, source Magazine