Access Holdings has completed its merger with ARM Pensions Managers Limited, forming Access ARM Pensions Limited (AAPL). This strategic move positions AAPL as a leading player in Nigeria’s pension fund administration market, serving approximately 2 million customers and managing assets worth nearly N3 trillion.
The announcement, made on October 2, 2024, was shared through the NGX disclosure page and signed by the Company Secretary, Sunday Ekwochi.
The merger follows an earlier announcement by Access Holdings that Access Golf Nigeria Limited, a significant shareholder in Access Pensions Limited, had secured the necessary regulatory approvals to acquire a majority stake in ARM Pensions Managers (PFA) Limited, culminating in the merger’s completion.
According to the disclosure, the merger strengthens Access Holdings’ service offerings, enabling the company to attract top talent, invest in client-driven innovations, and enhance risk management and compliance systems.
This strategic move is also expected to deliver sustainable growth, providing added value to clients, shareholders, and partners.
Emenike D. Uduanu, CEO, AAPL, described the merger as a crucial step toward realizing the company’s ambition of becoming Nigeria’s leading pension fund administrator.
In his words: “This merger provides us with a platform to expand our services, improve operational efficiency, and drive innovation for the future. We are committed to making AAPL a symbol of trust and security for our clients as we work tirelessly to deliver long-term value for those planning their retirement.”
Mr. Aigboje Aig-Imoukhuede, Chairman of Access Holdings PLC, also praised the merger, describing it as a significant milestone for both organizations. He expressed confidence in AAPL’s potential, saying, “I am confident that we will establish our pension business as a leading brand in Africa’s retirement and benefits sector, paving the way for a brighter future for all our stakeholders.”
The merger of Access Holdings and ARM Pensions marks a significant milestone in Nigeria’s pension industry. AAPL’s strong position and commitment to innovation position it as a trusted partner for individuals and businesses seeking secure retirement planning solutions.
