FCMB Pensions Limited has announced that it has disbursed over N200 billion to Retirement Savings Account (RSA) holders, while its Assets Under Management (AUM) have surpassed the N1 trillion mark.
Speaking to journalists on Monday during a sensitisation walk marking the 20th anniversary of the Pension Fund Administrator (PFA), the Managing Director/Chief Executive Officer of FCMB Pensions, Christopher Bajowa, revealed that the N200 billion in benefits payouts has been made to both retirees and other beneficiaries who have had Retirement Savings Accounts with the company since its inception.
Despite this substantial disbursement, the MD stated that the company’s goals are far from being fully realised. Efforts are underway to deploy digital technologies to enhance customer engagement and deliver services with increased speed and efficiency.
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“Today, with over N1.1 trillion in AUM and over N200 billion paid to retirees and other beneficiaries, we remain a strong institution, making a significant impact in the communities we serve,” he remarked.
Bajowa also highlighted the company’s focus on the growing opportunity within the Micro Pension sector, which has become a key area of focus for the regulator, PenCom, as part of its drive to expand pension inclusion in Nigeria.
“As you know, micro pensions are currently the focal point for our regulator, and they represent a significant opportunity to further inclusion within the pension industry. That is why we have launched this walk, aiming to promote pension awareness and encourage adoption of pension plans, which we believe will drive the next phase of growth in the sector,” he said.
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The MD emphasised that customer feedback is taken seriously and is crucial to the company’s continued development.
“We learn from our customers’ feedback, and the truth is that we always strive to serve them to the best of our ability,” he added.
Looking ahead to 2026, Bajowa said, “We aim to expand our offerings to customers through Public-Private Partnerships (PPPs), which we are kicking off today. The outlook for investment returns is also very promising.
“We have performed well in 2025 and aim to build on that success. Most importantly, we want our customers to have access to us through digital platforms, physical offices, and other well-structured channels designed specifically for them.”
Sunday Michael Ogwu is a Nigerian journalist and editor of Pinnacle Daily. He is known for his work in business and economic reporting. He has held editorial roles in prominent Nigerian media outlets, where he has focused on economic policy, financial markets, and developmental issues affecting Nigeria and Africa more broadly.
