Leadway Holdings Limited, one of Nigeria’s leading financial services groups, has completed the acquisition of full ownership of Pensions Alliance Limited (PAL), a major Pension Fund Administrator (PFA).
The deal transfers PAL’s equity from FSDH Holding Company Limited and Africa Alliance Insurance Plc to Leadway, marking another significant consolidation in Nigeria’s financial services sector. For Leadway, the acquisition reflects a strategic expansion in the pensions space and a commitment to strengthening its role in driving long-term economic growth.
PAL recently marked its 20th anniversary and crossed N1 trillion in Assets Under Management (AUM). By integrating PAL with Leadway Pensure, the group will create one of Nigeria’s largest and most resilient PFAs, with enhanced capacity to serve customers nationwide.
Tunde Hassan-Odukale, Group Managing Director of Leadway Holdings, described the transaction as “more than a milestone.” He said: “It is a reaffirmation of our belief in the future of Nigeria’s pension industry and our responsibility to contribute to its growth. By bringing PAL and Leadway Pensure together, we are building not only scale, but resilience, trust, and broader access for more Nigerians to create wealth.”
Segun Odusanya, Group Managing Director of FSDH, said the decision was in line with the company’s long-term portfolio strategy. “This decision reflects our long-term strategy to sharpen our portfolio focus while ensuring PAL Pensions is well positioned for sustainable growth,” he noted.
The acquisition is expected to expand Leadway’s reach in the pensions market, deepen financial inclusion, and contribute to the stability of Nigeria’s financial sector.
