Access Holdings has announced the completion of the merger of its subsidiary Access Pensions Limited, with ARM Pensions Managers Limited (ARM), creating 𝐀𝐜𝐜𝐞𝐬𝐬 𝐀𝐑𝐌 𝐏𝐞𝐧𝐬𝐢𝐨𝐧𝐬 𝐋𝐢𝐦𝐢𝐭𝐞𝐝 (𝐀𝐀𝐏𝐋). This development positions AAPL among Nigeria’s 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐩𝐞𝐧𝐬𝐢𝐨𝐧 𝐟𝐮𝐧𝐝 𝐚𝐝𝐦𝐢𝐧𝐢𝐬𝐭𝐫𝐚𝐭𝐨𝐫𝐬 𝐛𝐲 𝐜𝐥𝐢𝐞𝐧𝐭 𝐛𝐚𝐬𝐞. The merger follows Access Pension’s 𝐚𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧 𝐨𝐟 𝐚𝐧 𝟖𝟏.𝟖𝟐 𝐩𝐞𝐫𝐜𝐞𝐧𝐭 𝐦𝐚𝐣𝐨𝐫𝐢𝐭𝐲 𝐬𝐭𝐚𝐤𝐞 in ARM Pension — a subsidiary of ARM Traditional Asset Management Limited 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. With the merger finalized, AAPL now manages nearly 𝐍𝟑 𝐭𝐫𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐚𝐬𝐬𝐞𝐭𝐬 𝐚𝐧𝐝 𝐬𝐞𝐫𝐯𝐞𝐬 𝐚 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐛𝐚𝐬𝐞 𝐨𝐟 𝐚𝐩𝐩𝐫𝐨𝐱𝐢𝐦𝐚𝐭𝐞𝐥𝐲 𝟐 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐫𝐞𝐭𝐢𝐫𝐞𝐦𝐞𝐧𝐭 𝐬𝐚𝐯𝐢𝐧𝐠𝐬 𝐚𝐜𝐜𝐨𝐮𝐧𝐭 𝐡𝐨𝐥𝐝𝐞𝐫𝐬.
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