Access Corporation Merges FGPL with SIGMA Pensions

Access Corporation has announced the completion of the acquisition of indirect equity stake in Sigma Pension Limited (SIGMA) and merger of First Guarantee Pension Limited (FGPL) with SIGMA.

This was disclosed in a letter signed Sunday Ekwochi, the Group Company Secretary of Access Corporation. The letter says;

Sequel to our announcement on October 25, 2022, Access Holdings Plc, trading as Access Corporation (‘the Corporation’) today announces the completion of its acquisition of indirect equity stake in Sigma and the merger of its subsidiary, FGPL with Sigma.

Following the sanction of the Scheme of Merger between Sigma and FGPL by the Federal High Court on December 1, 2022, FGPL has been dissolved without winding up leaving Sigma as the surviving entity.

Commenting on this landmark transaction, Dr. Herbert Wigwe, Group Chief Executive of the Corporation, said:

“Following the successful completion of the merger, our plan is to leverage the synergies of these entities, as well as the Corporation’s expansive distribution network, strong risk management culture and best-in-class governance standards to create a formidable pension funds administration business.”

Support PensionNigeria financially with N1,000 per Month HERE, or with any amount HERE
Empower us to do more independent analysis of the Pension Industry in Nigeria

Subscribe to PensionNigeria Daily News Broadcast on WhatsApp, just send “Subscribe” to 08160052802, PLEASE ensure you also save 08160052802 to your contacts as “PensionNigeria” to enable you receive the PensionNigeria News Broadcast.

Subscribe to PensionNigeria Daily Newsletter and get Today’s Top Pension News delivered straight into your email box every Evening.
If you have subscribed before and you still do not receive our Newsletter, please check your “Spam Folder”, if you find our Newsletter there, mark it as “NOT SPAM” or move it to your Inbox

Pension is Your Right,
An Insurance for Old Age
Follow PensionNigeria on Social Media LinkedIn Twitter Instagram Facebook YouTube