Pension Fund Custodians (PFCs) are responsible for keeping safe custody of pension assets on trust on behalf of contributors. The main functions of PFCs are to receive pension contributions on behalf of PFAs; settle transactions and undertake activities relating to the administration of pension fund investments on behalf of PFAs and to notify the PFA within 24 hours of the receipt of pension contributions from employers.
The Commission considers applications for license to operate as a PFC from entities that fulfil the requirements as enshrined in Section 62 of the PRA 2014. The applicant company must be wholly owned by a licensed financial institution with specified net worth as may be determined by the Commission from time to time. In addition, the parent company must issue a guarantee to the full value of pension assets held by the PFC.
Plot 1297 Akin Adesola Street
(+234-1 277 2800, +234 – 277 7801)
Abuja Liason Office: 3rd Floor, First Bank of Nigeria Building, No. 2, Plot 451, Jos street, area 3, Garki (+234812648474)
+234 80 234 077 76
3rd and 4th Floors, Plot 22B, Idowu Taylor Street
Victoria Island, Lagos.
2nd Floor, UBA House
18, Adetokunbo Ademola Crescent
Wuse II, Abuja
+234 – 1 – 2718000-4, +234 – 8113954275
PETERS IFEANYI ELEDU
Civic Towers (4th & 5th Floors)
Ozumba Mbadiwe Road
Victoria Island, Lagos
+234 – 1 – 2712793, +234 – 1 – 2712794, +234 – 1 – 2782906-20