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Access Corporation Completes First Guarantee Pension Acquisition

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Access Corporation has completed the acquisition of a majority equity stake in First Guarantee Pension Ltd. (FGPL).

Access Corporation stated this in a corporate filing with the Nigerian Exchange Ltd yesterday signed by its company secretary, Mr Sunday Ekwochi.

Ekwochi said the corporation had received a full regulatory approval of its acquisition of majority equity stake in FGPL. “Following this development, FGPL is now a subsidiary of the corporation and will provide a strong springboard for the corporation’s execution of its ecosystem strategy for the pension funds administration industry,” he said.

Speaking on the development, group chief executive officer, Access Corporation, Herbert Wigwe, said the acquisition was to ensure a globally connected community with focus on corporate governance.Wigwe said, “This transaction is in line with our vision to create a globally connected community and ecosystem, inspired by Africa for the world.

 

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