Odu’a Investment Acquires 10% Stake in FCMB Pensions to Boost Long-Term Growth

Odu’a Investment Company Limited (OICL) has completed the acquisition of a 10% equity stake in FCMB Pensions Limited, a subsidiary of FCMB Group PLC, reinforcing its strategic presence in Nigeria’s fast-growing pension industry.
The transaction, approved by the National Pension Commission (PenCom) and the Central Bank of Nigeria (CBN), and duly notified to the Securities and Exchange Commission (SEC), underscores Odu’a’s commitment to partnering with robust institutions in sectors critical to Nigeria’s long-term economic growth.
According to a statement by Victor Ayetoro, Head of Branding and Communication at OICL, the move is part of the company’s broader strategy to invest in sectors that drive financial stability and sustainable development.
Bimbo Ashiru, Group Chairman of Odu’a Investment Company Limited, remarked:
“This investment is a testament to Odu’a’s strategy of aligning with institutions that are pivotal to Nigeria’s economic stability. The pension sector is vital for mobilising long-term savings and strengthening our financial system. FCMB Pensions has demonstrated strong operational capabilities and a wide-reaching platform, and we see tremendous potential to enhance its growth trajectory and impact.”
Abdulrahman Yinusa, Group Managing Director of OICL, further added:
“Our partnership with FCMB Group Plc reflects confidence in FCMB Pensions’ leadership, strategic direction, and long-term potential. Together, we aim to expand its reach, support its strategic objectives, and deliver sustained value to contributors and stakeholders across Nigeria.”
Odu’a Investment Company Limited, jointly owned by the six Southwest states of Nigeria, manages a diversified portfolio spanning real estate, financial services, hospitality, agriculture, and industrial investments. The company’s mandate is to generate sustainable economic value while supporting regional development initiatives.
FCMB Pensions Limited, a licensed pension fund administrator regulated by PenCom, provides retirement savings administration and pension management services to individuals and institutions nationwide. As of December 2025, the company manages over ₦1.1 trillion in Assets Under Management (AUM), highlighting its significant role in Nigeria’s retirement and savings ecosystem.
Industry analysts note that this strategic partnership could signal a broader trend of regional investment companies deepening their involvement in Nigeria’s pension sector. With rising demand for secure retirement solutions and growing pension assets, such collaborations are likely to enhance operational efficiency, broaden market reach, and boost investor confidence.
The acquisition is also expected to strengthen FCMB Pensions’ shareholder base, bringing together two well-established institutions with complementary expertise, shared objectives, and a mutual commitment to long-term value creation.
Odu’a Investment Company acquires a 10% stake in FCMB Pensions, marking a strategic investment in Nigeria’s growing pension sector and strengthening long-term growth and retirement savings management.