Odu’a Investment Company Limited has announced the acquisition of a 10 per cent minority equity stake in FCMB Pensions Limited, a subsidiary of FCMB Group Plc, as part of a strategic move into Nigeria’s growing pension industry.
The transaction was completed after receiving approvals from the National Pension Commission and the Central Bank of Nigeria, while the Securities and Exchange Commission has also been duly notified.
According to the company, the investment strengthens the shareholder base of FCMB Pensions by bringing together two established institutions with complementary strengths and a shared commitment to long-term value creation.
Group Chairman of Odu’a Investment, Bimbo Ashiru, said the move aligns with the company’s strategy of partnering with strong institutions in sectors that are 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,” Ashiru said.
He noted that FCMB Pensions has built a solid platform serving contributors across Nigeria and expressed confidence in the company’s continued growth and impact.
Also speaking, the Group Managing Director of Odu’a Investment, Abdulrahman Yinusa, said the partnership reflects confidence in the strategy and leadership of FCMB Pensions.
“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.
Odu’a Investment Company Limited is jointly owned by the governments of the six South-West states and manages investments across real estate, financial services, hospitality, agriculture and industrial sectors.
FCMB Pensions Limited, a licensed pension fund administrator regulated by PenCom, provides retirement savings administration and pension management services to individuals and institutions across Nigeria. As of December 2025, the company managed assets worth over ₦1.1 trillion.
