Business - Companies
Updated: September 12, 2022

First Pension Custodian Takeover Of Access Pension Approved By PenCom

By Felicia Abisola Olamiji
September 12, 2022
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The approval of the acquisition of Access Pension Custodian Limited by First Pension Custodian Limited has been granted by the National Pension Commission (PenCom).

Head of PenCom’s Corporate Communications, Abdulqadir Dahiru made this known in a statement on Monday in Abuja.

Dahiru said First Pension Custodian Limited would also return its operating licence to PenCom.

He said that the acquisition was the culmination of the divestment process by accessing pension custodian limited from the pension custody business, and transfer of all assets under its custody to the new owners.

He, however, assured the public that the agency is committed to the effective regulation and supervision of the pension industry.