Oduβa Investment Company Limited (βOICLβ or βOduβaβ) announces the completion of its acquisition of a 10% minority equity stake in the issued share capital of FCMB Pensions Limited (βFCMB Pensionsβ or the βCompanyβ) from FCMB Group Plc (βFCMB Groupβ or the βGroupβ).
The acquisition follows the receipt of the requisite approvals from the regulatory authorities β the National Pension Commission (PenCom) and the Central Bank of Nigeria (CBN). The Securities and Exchange Commission (SEC) has also been duly notified.
The transaction represents a strategic investment by Oduβa in Nigeriaβs growing pension industry, a resilient and steadily expanding segment of the countryβs financial services sector. It also strengthens FCMB Pensionsβ shareholder base, bringing together two established institutions with complementary strengths and a shared commitment to long-term growth and value creation.
The Group Chairman of Oduβa Investment Company Limited, Otunba Bimbola Ashiru, commenting on the investment, said, βThis investment reflects Oduβaβs strategy of partnering with strong institutions operating in sectors that are central to Nigeriaβs long-term economic stability and growth. The pension industry plays a critical role in mobilising long-term savings and strengthening the financial system. FCMB Pensions has built a solid platform serving contributors across Nigeria, and we see a significant opportunity to support its continued growth and impact.β
In his remark, the Group Managing Director of Oduβa Investment Company Limited, Mr. Abdulrahman Yinusa, said, βOur partnership with FCMB Group Plc reflects confidence in FCMB Pensionsβ 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.β
About Oduβa Investment Company Limited
Oduβa Investment Company Limited is a leading investment holding company jointly owned by the governments of the six Southwest states of Nigeria. The company manages a diversified portfolio across real estate, financial services, hospitality, agriculture, and industrial investments, with a mandate to generate sustainable economic value and support regional development.
About FCMB Pensions Limited
FCMB Pensions Limited is a licensed pension fund administrator regulated by the National Pension Commission (PenCom). The company provides retirement savings administration and pension management services to individuals and institutions across Nigeria.Β As of December 2025, it hasΒ over β¦1.1 trillion in Assets Under Management (AUM).
Signed:
Victor Ayetoro
Head, Branding & Communication