Leadway Holdings , one of Nigerias largest non-banking financial services groups chaired by Oye Hassan Odukale, has reached an agreement to acquire PAL Pensions. The deal will see PAL Pensions merged with Leadway Pensure, the groups existing pension subsidiary, placing Leadway among the top three pension fund administrators PFAs in the country.
Group Managing Director/CEO Tunde Hassan-Odukale described the move as a defining step for the company. This acquisition is more than a milestoneit is a statement of our ambition to build a stronger, more competitive financial services group, he said.
Strengthening presence in Nigerias 12.4 billion pension market