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Access Holdings to acquire majority stake in First Guarantee Pension



Access Holdings Plc is set to acquire majority equity stake in First Guarantee Pension Limited.

Access Holdings, trading as Access Corporation, announced its entry into a deal with First Guarantee on the acquisition.

The Group Company Secretary, Sunday Ekwochi, in a statement said the transaction was a step in the Corporation’s evolution from banking into a financial service holding company positioned to gain scale across Africa, global monetary centres, and beyond-banking verticals.

According to her, the National Pension Commission (PenCom) and the Central Bank of Nigeria (CBN) have given their nod to the transaction, the completion of which is subject to the receipt of approvals.


She noted that the Corporation will update the market as appropriate and in accordance with its disclosure obligations.

The Group Chief Executive Officer, Access Corporation, Dr. Herbert Wigwe, said: “This transaction is a natural evolution for us. Over the last 20 years, we set our sights on and delivered ambitious plans to transform the African financial services landscape focusing on banking and have created the African leading Bank and largest bank by customer base.

“This large customer base both on the wholesale and retail segments makes the pension business a natural fit for the Corporation given its objective of ecosystem optimisation. We will leverage our well-established culture of strong corporate governance, risk Management, cutting-edge technology, and digital capabilities to deliver high standards of professionalism in the management of pension assets to the benefit of our stakeholders.”

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2024 Anointment exercise to commence december 25th 2023 … See Details Of Fees Payable



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Breaking: Lagos Assembly Invites Top Govt Officials Over Recklessness Of Motorists – Considers law to regulate multiple taxation by transport unions



The Lagos State House of Assembly on Tuesday frowned at the alleged recklessness of some motorists operating in the state just as the lawmakers raised concerns over the activities of some officials of the Lagos State Traffic Management Authority (LASTMA).

At a plenary presided over by the Speaker, Rt. Hon. Mudashiru Obasa, the House invited the Commissioner for Transportation, Mr. Oluwaseun Osiyemi, and the Special Adviser to the Governor on Transportation, Hon. Sola Giwa, to appear and give explanations concerning the incessant recklessness of drivers and the roles played by LASTMA officials.

Also invited, among others, is the General Manager of LASTMA, Bolaji Oreagba.

The decision of the House followed a ‘Matter of Urgent Public Importance’ raised by a member, Hon. Temitope Adewale, on the death of two officials of the Lagos Waste Management Authority (LAWMA) resulting from a road rage engaged in by two drivers.


Speaker Obasa, while noting that incidents involving recklessness of drivers and careless attitudes of LASTMA officials were on the increase, said, in addition to the invitation of the affected top officials, there was a need to revisit the laws guiding transportation in the state.

“The Commissioner and others can be invited so we know what to do to change the current narrative. It is good that we also look at the law to see the penalties. Maybe this would reduce such recklessness on the roads.

“The driver who has been arrested must be prosecuted to the latter. If the driver is not found, the owner of the vehicle should be arrested where the driver is an employee of someone so as to serve as deterrent to other motorists,” Dr. Obasa said.

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The Speaker also supported suggestions by the Majority Leader, Noheem Adams, and another lawmaker, Gbolahan Yishawu, that modern technology be added by the government in the cleaning of roads in the state, but said it was necessary to accommodate the sweepers, who, he argued, were employed to earn a living and assist their families.

“We have to call on our people, the road users, to be very careful. LAWMA should also come up with ideas to help protect staff, insure them and make the motorists know when the sweepers are working,” the Speaker said while calling for more enlightenment of motorists.


The House held a minute silence in honour of the deceased while Obasa instructed the Clerk, Barr. Olalekan Onafeko, to convey a condolence message to the bereaved families.

Meanwhile, the House of Assembly may dust up the law regulating transportation to address the problem of alleged multiple taxations by various unions in the sector.

Dr. Obasa gave the hint following a motion raised by Hon. Adewale, over a recent protest against alleged extortion by the transport unions in Lagos.

“This alleged extortion affects our people generally and looking at the economic condition of the country, we need to intervene. We must be able to define the paths that these unionists have to tread so that they do not make life unbearable for the people.

“At every bus stop, they collect money causing traffic snare. At the end, the man making the payment would go home with nothing and to avoid this, he has to put the weight on the commuters.

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“We must avoid a situation where people would be moved to take laws into their hands. We need to extract seriousness out of this situation. Where there is a law, there will be penalties,” he said while calling for the engagement of candidates recently interviewed for recruitment into the Neighbourhood Safety Corps to expand the security network in the state.

The House resolved to invite the transport unions in the state for discussion.

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AIFF 2023: Organisers call for submissions, set June 30 deadline



Orgnaisers of the Abuja International Film Festival (AIFF) have called for entries ahead of the 20th edition of the film fest.

The Abuja International Film Festival is an annual film festival that offers a contemporary and liberal platform for filmmakers from around the world to exhibit their work.

AIFF accepts entries in the following genres: Features, Shorts, Documentary, Experimental, Student, and Animation films.

The Festival is scheduled to hold from October 30th to November 3rd, 2023, in Abuja, the Federal Capital Territory.


Last year, ‘Rule No. 1’ emerged overall winning film and ‘Dirty Space’ and ‘My Juju’ came second and third, respectively.

Interested filmmakers are enjoined to submit their entries at

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