BREAKING: LEADWAY HOLDINGS ACQUIRES PAL PENSIONS IN LANDMARK DEAL
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By: Sefiu Ajape
Leadway Holdings has announced that it has reached an agreement to acquire 100 percent of PAL Pensions.
The group managing director and chief executive officer of Leadway Holdings, Tunde Hassan-Odukale, disclosed the development in an email to staff on Saturday.
Hassan-Odukale explained that the acquisition will place the group among the top three pension fund administrators (PFAs) in Nigeria based on assets under management.
He noted that PAL Pensions would be merged with Leadway Pensure, the company’s existing PFA, thereby expanding its scale and client base.
“This acquisition is more than a milestone; it is a statement of our ambition to build a stronger, more competitive financial services group,” the GMD said.
“With this move, we expand our scale, giving us greater capacity to serve millions of Nigerians saving for their retirement. We unlock opportunities for growth, innovation, and efficiency across our businesses.
“We strengthen Leadway’s position as one of Africa’s leading financial services groups.”
He added that further details regarding the integration process would be communicated in the coming weeks.
Hassan-Odukale also remarked that “the acquisition is a proud moment for us all, and it is your hard work, dedication, and commitment that make such achievements possible.”
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