Leadway Holdings Limited ("Leadway"), one of Nigeria's foremost and most diversified financial services groups, has announced that it has reached an agreement to acquire 100% equity interest in Pensions Alliance Limited ("PAL"), a leading Pension Fund Administrator (PFA).

The transaction, which includes the transfer of ownership by FSDH Holding Company Limited ("FSDH") and Africa Alliance Insurance PLC, marks a milestone consolidation in Nigeria's pension industry.

This acquisition of PAL Pensions which recently celebrated the dual milestone of its 20th anniversary and crossing of the N1trillion Asset Under Management (AUM), underscores Leadway Holdings' strategy of diversification and sustainable growth. By integrating PAL with Leadway Pensure, the Group creates one of the largest and most resilient pension fund administrators with a reinforced capacity to deliver more value to Nigerians.

Tunde Hassan-Odukale, Group Managing Director, Leadway Holdings Limited, said:

"This milestone is more than a transaction, it is a reaffirmation of our belief in the future of Nigeria's pension industry and our responsibility to help 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 FSDH, said:

"This decision reflects our long-term strategy to sharpen our portfolio focus while ensuring PAL Pensions is well positioned for sustainable growth."

He further expressed confidence in the vision and strength demonstrated by Leadway Holdings all through the process, affirming that PAL Pensions is indeed being entrusted into capable hands.

Sa'adu Jijji, Managing Director, PAL Pensions, said:

"Our transition from PAL Pension into the Leadway ecosystem, without doubt, opens the door to industry-focused collaboration that is bound to deliver a wider range of financial solutions, more growth, greater impact and enhanced value for all stakeholders."