November 28, 2022

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Entry Holdings finalises acquisition of First Assure Pension


Three months after saying its proposed acquisition of Nigerian pension fund supervisor First Assure Pension Restricted, monetary holding firm Entry has obtained the required regulatory approvals that may make First Assure Pension its subsidiary.

Nigerian monetary providers holding Entry Holdings Plc has secured the regulatory approvals to finish its proposed acquisition of a majority stake in pension fund supervisor First Assure Pension Restricted (FGPL).

The data is reported, final Monday, by a number of Nigerian media retailers citing an official doc from Sunday Ekwochi, secretary normal of Entry Company. Following this improvement, First Assure Pension, which manages pension funds for personal and public sector staff, will turn out to be a subsidiary of the group headed by Herbert Wigwe.

“This transaction is in keeping with our imaginative and prescient to create a globally related neighborhood and ecosystem; impressed by Africa for the world […] We are going to deploy our famend tradition of robust danger administration, modern expertise and finest apply company governance to ship excessive requirements of administration and returns on pension property to the good thing about our stakeholders,” mentioned Herbert Wigwe in response to the doc.

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