December 11 (THEWILL) – Following the completion of Access Corporation’s acquisition of Sigma Pensions and First Guarantee Pensions, the two companies were announced as Access Pensions.
Access Pensions is a subsidiary of Access Corporation and the merger has positioned the company as the fourth largest pension fund manager in Nigeria, according to a statement.
“It is capitalized at twice the regulatory requirement of over N10 billion, with over N900 billion in assets under management and over 1 million retirement savings accounts,” it said.
Dr. Herbert Wigwe, Group Chief Executive of Access Corporation, said during the announcement of Access Pensions at its planned headquarters in Abuja, the merger will provide a comprehensive financial system to meet all needs. He said that it is in line with the company’s corporate strategy ofvast customer base
Wigwe, represented by Ameachi Okobi, Chief Brand and Communications Officer at Access Corporation, said: community.
“Fostering long-term savings for sustainable investments, becoming a retirement savings account for over 60 million customers, as well as stabilizing and growing the economy.”
“In line with our vision of creating globally connected communities and ecosystems inspired by Africa for the world, we want to start building first in Nigeria and then beyond. That is why we will work closely with regulators to build this industry for a sustainable future for our communities.Together we will shape the future we want.”
Dave Uduanu, managing director of Access Pensions, said the merger of First Guarantee Pension and Sigma Pensions has turned Access Pensions into one big formidable organization, backed by Access Corporation’s powerful parent company. .