Parthian Pensions will meet new capital requirement before 2026 deadline – GMD
L–R: Muyiwa Ojeniyi, head, Business Development (South),; Smith Oligie, head, Information Technology; Olufemi Odukoya, managing director; and Adetunbi Ashaye, head, Operations, all of Parthian Pensions Limited during a media parley at the Company’s head office in Lagos
Parthian Pensions Limited, the latest entrant into the Nigeria’s pension fund administration (PFA) space will meet new minimum capital requirement set by the National Pension Commission (PenCom), ahead of the December 31st 2026 deadline.
The PFA may also consider acquiring any other PFA if opportunity presents itself, Oluseye Olusoga, the group managing director of Parthian Group said.
Olusoga gave the assurance while introducing Parthian Pensions, a member of its group at a media parley in Lagos.
He expressed confidence that the coming of Parthian Pensions compliments the group’s vision of building a financial ecosystem that secures Nigeria and Africa’s future.
“We have a bold vision to be a catalyst in securing Africa’s future through strategic investment and people-focused growth,
“There’s no capital aggregation without the pension and asset management industry. Now is the best time to join the pension industry because the door has been opened wider. A broader range of investments means better protection against inflation and more value for our people.”
This statement Olusoga noted underscores Parthian’s core belief that the pension industry is more than just a retirement tool, it’s a foundation for nation-building. With regulatory reforms creating greater flexibility in investment options, the pension sector now has a unique opportunity to channel funds into high-impact ventures that directly benefit the economy and its citizens.
Parthian’s approach is clear, empower people, invest in the country, and build a system where capital works for everyone, not just the elite, he said.
“By focusing on capital aggregation and long-term investment, the company is enabling the financial services industry to move from passive management to active nation development, the group GMD said.
As Africa’s potential begins to align with global economic trends, Parthian stands ready to lead, reminding everyone that the future will not be built for us, we must build it ourselves, he stated boldly.
Olufemi Odukoya, joined by other management team of the PFA stated that the company, which is the newest Pension Fund Administrator (PFA) is set to disrupt activities in the Contributory Pension Scheme (CPS) via its thought through initiatives.
He noted that the PFA had identified gaps such as trust; relationship; experience and education/advisory, as bane of the pension industry’s growth and has evolved strategic initiatives to fill the gaps and provide the needed offerings required to provide brighter future for pension contributors in retirement.
According to Odukoya, since the company commenced operations this year, it has been offering trust that makes its Retirement Savings Account (RSA) holders go to bed without worries.
He submitted that trust remains the core of the firm’s operations, stressing that the company also values robust relationships with customers, hence has deployed channels to stay close to them and their family members.
Another value addition, the company is offering, he said is education and advisory, which aid customers in making informed decisions on their choices, especially on placement of their contributions on the stipulated Fund categories.
Odukoya further stated that the PFA will play big in the ethical market, which is a non-interest RSA Fund VI, and ensures that retirement savings are invested strictly in accordance with Islamic finance principles.
On what the firm has for the youth market, he said the firm has designed an app to relate with the digital savvy youths. He also promised the youth of regular engagements that will support their passions and initiatives.
Odukoya also assured of life impacting Corporate Social Responsibility (CSR) activities that would help promote growth and developments in the society.
On why contributors should choose Parthian Pensions, he submitted that the firm offers competitive returns; digital first convenience; expert guidance and transparency/trust.
He said the PFA had put in place structures that would enable it to collaborate with government, organisations; associations and groups, adding that the company would provide education and guidance via the engagements.
To onboard more contributors into the CPS, he said the firm would leverage the platforms provided by the National Pension Commission (PenCom), especially the Approved Pension Agents (APAs), stressing that the agents would be properly schooled to align them with the mission and vision of the company.
“We have an experienced management with roughly 80 years cumulative working experience across the financial services sector. We understand the depth of the business.
“With the 90 percent of the working population still uncaptured, we have come at this precious time, wonderful time, to fill that space and to ensure everybody is captured within the special needs.”
We will not be able to do the rest of the 90 million minus the 11 million population that has been captures, but, let me assure you one thing, we are here for the long haul. We are going to ensure that we capture as many as we can, he stated.
