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First pension custodian ltd acquires access pension custodian ltd

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The National Pension Commission (PenCom) has approved the acquisition of Access Pension Custodian Limited by First Pension Custodian Limited.

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

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

Also, First Pension Custodian Limited would return its operating license to PenCom.

Dahiru said that the commission assured all stakeholders and the public of its continued commitment to the effective regulation and supervision of the pension industry. (NAN)

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