By Rukayat Adeyemi
Lagos, Sept. 12, 2022 The National Pension Commission (PenCom) on Monday said it had approved the acquisition of Access Pension Custodian Ltd., a subsidiary of Access Bank, by First Pension Custodian Ltd., subsidiary of First Bank of Nigeria.
The approval of the transaction was announced in a statement made available by the commission’s spokesman, Mr Abdulqadir Dahiru, in Lagos.
“PenCom wishes to inform the general public and relevant stakeholders that it has approved the acquisition of Access Pension Custodian Ltd. by First Pension Custodian Ltd.
“The acquisition is the culmination of the divestment process by Access Pension Custodian Ltd. from the pension custody business, transfer of all assets under its custody to First Pension Custodian Ltd. and the return of its operating licence to PenCom,” it said.
The commission further assured stakeholders and the general public of its continued commitment to the effective regulation and supervision of the pension industry.
📌 Editor’s Note: For content partnerships and collaborations, reach out via editor@naija247news.com
Naija247news Media Group LLC is committed to ethical, independent journalism that serves the public interest. Our editorial process prioritizes accuracy, fairness, and transparency in reporting. All content is fact-checked and held to the highest standards of integrity. Learn more in our full editorial policy here.
© 2025 Naija247news Media Group LLC. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten, or redistributed in whole or in part without prior express written permission from Naija247news Media Group LLC.
Reporting by Naija247news in Lagos, Nigeria.
