- Mansard Insurance Plc has notified The Nigerian Stock Exchange that the company would be acquiring 60% of the issued and paid up share capital of a Pension Fund Administrator (PFA) known as Penman Pensions Limited and intends to run and operate the PFA as its subsidiary in the Pension Industry.
- Mansard informs that it is in the process of completing the transaction and have obtained regulatory approvals from the Pension Commission, the National Insurance Commission and the Securities and Exchange Commission.
- Penman Pensions seem to have a very strong Northern Board presence with Dr. Umaru A. Mutallab (CON). as its Chairman
- The company has 50,948 registered RSA users. There are an estimated 6million RSA Users in Nigeria
- Mansard shares was up 4.8% today to N3.04
- Press Release
Deal: Mansard Insurance Annouces Plans To Acquire a PFA
