PenCom approves acquisition of Access Pension Custodian by First Pension Custodian

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WorldStage Newsonline–  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 in a statement on Monday said that the acquisition was the culmination of the divestment process by Access Pension Custodian Limited from the pension custody business and transfer of all assets under its custody to the new owners.

The statement said 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.