Nigeria (Commonwealth) _ First Ally Capital, one of the top professional financial services companies in Nigeria and the latest Strategic Partner of CWEIC, provides advice to Access Holdings Plc (“Access Holdings”) regarding the purchase of an 80% equity interest in First Guarantee Pension Limited (“FGPL”), the indirect acquisition of Sigma Pensions Limited and the merger of Sigma Pensions Limited and First Guarantee Pension Limited that results in the creation of Access Pensions Limited.
It is with pleasure that First Ally Capital advised Access Holdings on its acquisition of First Guarantee Pension Limited by majority. First Guarantee Pension Limited and First Ally Asset Management Limited then acquired all of the issued shares of Actis Golf Nigeria Limited, which was Sigma Pensions Limited’s only shareholder.
After the two acquisitions were completed, Access Holdings initiated the merger of Sigma Pensions and First Guarantee Pension Limited, which was approved by the Federal High Court and the National Pension Commission as well as the Federal Competition and Consumer Protection Commission.
Under the terms of the merger, First Guarantee Pension Limited was liquidated without being wound up, and the expanded Sigma Pensions was renamed Access Pensions Limited. CWEIC welcomed Ebenezer Olufowose to the Global Advisory Council and announced First Ally Capital as their newest Strategic Partner in the CWEIC website.
A premier financial services company dedicated to generating value for clients, First Ally Capital was founded in 2014. It helps companies, enterprises and people in Nigeria by offering capital raising, advice services, asset management, real estate and digital baking solutions. It produces creative, client-focused solutions for sustainable development by utilizing state-of-the-art technology and an experienced workforce.
The firm’s CEO and co-founder is Mr. Ebenezer Olufowose, previously held the position of executive director at Access Bank Plc and Citibank Nigeria. April 2021 marked his arrival on the FirstBank Nigeria board, and in May 2024 he was named Chairman. He started his career in 1985 with NAL Merchant Bank and has over 35 years of experience in the financial services sector. He has held significant positions at FCMB and GTBank. He graduated with honors from the University of Lagos with a first-class degree in economics and the University of Sussex with a master’s in international economics. He has participated in executive programs at Kellogg, Harvard, IMD, and INSEAD.
CWEIC is pleased to welcome Ebenezer Olufowose to the Global Advisory Council and to introduce First Ally Capital as our newest Strategic Partner.
First Ally Capital is a top financial services company that was founded in 2014 and is dedicated to generating value for its clients. Businesses, corporations, and individuals in Nigeria may rely on them for capital raising, advice services, asset management, real estate, and digital baking. They combine a skilled workforce and state-of-the-art technology to provide creative, customer-focused solutions for long-term success. Officially registered and licensed by the SEC on May 20, 2014, First Ally Capital functions as an Issuing House and Financial Advisory business.
The company launched its operations at a pivotal juncture in the development of the financial services sector in Nigeria. It has capitalized on its strong financial foundation, as well as the outstanding performance history and qualifications of its staff, directors, and shareholders. The team behind the company has experience with a wide range of transactions, including bond issuance, equity capital raising, mergers and acquisitions, restructuring, and project advisory services.
In order to make an impact on the market while continuously creating and delivering value to its clients and partners, the dynamic organization leverages the strong financial services background of its promoters, the professional experience and exposure of its strong team, its cutting-edge technology, and its passion for creativity and innovation.
