In a move set to reshape Nigeria’s pension landscape, Leadway Holdings Limited, one of the country’s most diversified financial services groups, has acquired full ownership of Pensions Alliance Limited (PAL), a leading Pension Fund Administrator.
Leadway Holdings, in a statement, noted that this transaction, which transfers PAL’s equity from FSDH Holding Company Limited and Africa Alliance Insurance Plc, highlights the growing wave of strategic consolidations in the financial services sector. For Leadway, it signals a deliberate push to expand its footprint in pensions while reinforcing its broader commitment to driving long-term economic growth in Nigeria.
It states: “This acquisition of PAL Pensions, which recently celebrated the dual milestone of its 20th anniversary and crossing of the N1trillion Asset Under Management (AUM), underscores Leadway Holdings’ strategy of diversification and sustainable growth. By integrating PAL with Leadway Pensure, the Group creates one of the largest and most resilient pension fund administrators with a reinforced capacity to deliver more value to Nigerians.
“The move further expands Leadway’s nationwide reach, positioning it to capture future growth in a pension market with immense potentials. The combined strength in governance, innovation, and customer reach promotes the collective goal of financial inclusion, delivers long-term value to stakeholders, and contributes to the stability of Nigeria’s financial sector.”
Commenting on the transaction, Tunde Hassan-Odukale, Group Managing Director, Leadway Holdings Limited, said: “This milestone is more than a transaction, it is a reaffirmation of our belief in the future of Nigeria’s pension industry and our responsibility to help contribute to its growth. By bringing PAL and Leadway Pensure together, we are building not only scale, but resilience, trust, and broader access for more Nigerians to create wealth. At Leadway, we remain guided by a vision of service that balances innovation with integrity, and ambition with inclusivity. This acquisition reflects our commitment to creating lasting value – for our customers, the industry and for the nation.”
Speaking on the development, Segun Odusanya, Group Managing Director FSDH affirmed that the decision was a strategic one taken in line with the global vision of the organisation, with full consideration of the long-term interests of both organisations factored.
He states: “This decision reflects our long-term strategy to sharpen our portfolio focus while ensuring PAL Pensions is well positioned for sustainable growth,” he said.
Nume Ekeghe
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