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Access Holdings to acquire majority stake in First Guarantee Pension

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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.

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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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Crime

Police arrest Nigerian man for stabbing his mother to death in East London

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Police have arrested 28-year-old Nicolas Aina for stabbing his 64-year-old mother Caroline Adeyelu in her house in Dagenham, east London, UK on Sunday.

Aina was charged with the murder of his mother and the attempted killing of another woman in her 30s whose identity has not been revealed.

Police were called to a property in Auriel Avenue shortly after 9:30 pm on Sunday, where Adeyelu was pronounced dead at the scene following an alleged attack, according to Evening Standard.

The second woman, who also suffered stab wounds, was swiftly conveyed to the hospital for further treatment. Her condition was not believed to be life-threatening.

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Aina appeared at Barkingside Magistrates’ Court on Monday, where he was jailed in custody to appear at the Old Bailey on Thursday.

Police officers investigated the house where the alleged attack took place in Dagenham, east London on Sunday

Police described the incident as “truly shocking” and a neighbor narrated how she heard screaming on Sunday night.

Speaking after the incident on Sunday, Detective Superintendent Richard Vandenbergh of the East Area Command unit said: “This is a truly shocking incident that has left one woman dead and a second with serious injuries and will understandably cause concern within the local community.

“A man has been arrested and remains in custody and it appears this was an isolated incident confined to a single address.

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CAF: Plateau United motivated to qualify — Sports commissioner

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The Plateau State Commissioner for Youth and Sports Development, Dung Dalyop, on Wednesday said Plateau United is highly motivated to qualify and succeed in the 2022/2023 CAF Confederation Cup.

The News Agency of Nigeria reports that Plateau United, in the 2022/2023 CAF Confederation Cup playoff first-leg match, were bright in thrashing Al Akhdar Sports Club of Libya 4-1 in Abuja.

Dalyop told newsmen after the match that everything has been put in place to ensure the successful outing of the team in the competition.

“Well, I can tell you for a fact that the boys have been motivated to succeed in the CAF Confederation Cup.

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“For instance, if you know what Plateau United used to be in the past and you begin to juxtapose that with what Plateau United is now, you will have a better understand of what I am saying.

“The team is highly motivated indeed. Of course, motivation is a subjective term we don’t want to go into.

“But then in monetary terms and giving the players their dues, Plateau United players and the management as well as our fans are highly motivated,” he said.

The commissioner noted that the club management as well as the state government were very much aware of the antics of the North Africans ahead of the second leg.

He said all hands are on deck to ensure that the team qualifies for the group stage of the competition against all odds.

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“It’s always a sad commentary when you talk about football in Africa – When you see how football has not developed beyond what we want it to be.

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“But then, we are not going to lose hope. We are optimistic that someday, somehow African football will go beyond what it is today.

“Having said that, we are not worried about the antics of our North African brothers.

“We are still on track. We have a winning formula and we intend to stick to it,” he said.

The News Agency of Nigeria reports that Plateau United will travel to Libya for the second leg next week.

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Winners of the two-leg tie will qualify for the group stage of the 2022/2023 CAF Confederation Cup.

NAN

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News

Edo orders autopsy over death of 10 persons

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The Edo State Government has pledged to unravel the cause of death of 10 persons whose corpses were discovered in Ibillo/Lampese, Akoko-Edo Local Government Area of Edo State.

The Edo State Commissioner for Communication and Orientation, Chris Nehikhare, gave the assurance while briefing journalists after the weekly Executive Council meeting chaired by Governor Godwin Obaseki at the Government House in Benin city.

Describing the incident as saddening, the commissioner said the government had ordered that an autopsy be carried out on the corpses to unravel the circumstances surrounding the mysterious deaths.

He said, “The collaboration between the vigilante group, the hunters, and the police led to the discovery of corpses of 10 young men, aged probably between 23 and 25, along a bush path.

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“They were killed and there were no identifying marks to identify them or even know the cause of death of these young men as there are no signs of trauma or anything to determine how these men were killed or how they died.”

Nehikhare added, “The Edo State Government is very saddened with this occurrence and has ordered that an autopsy be carried out to determine the cause of death and for the police to investigate to find out who they are, how they got there, and what happened because the government is not pleased with the news.”

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