The acquisition of Sigma Pension and First Guarantee Pension by Access Corporation has been completed, and both companies have been announced as Access Pension.
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.
The merger will provide a comprehensive financial system to meet all needs, said Dr. Herbert Wigwe, Group Chief Executive of Access Corporation, when announcing Access Pensions at its planned headquarters in Abuja. He said that it is in line with the company’s corporate strategy of Vast 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.
