Aiico Pension Managers was granted a license to operate the business of Pension Fund Administration in Nigeria on 13th April, 2006. Aiico Pension Managers Limited has been set up to take advantage of the provision of the Pension Reform Act, 2004. Despite the fact that the minimum statutory share capital requirement for PFA’s is N150 million, we have an authorized & paid up capital of N800 million because we strongly believe that PFA’s will need more than that to keep going before acquiring critical mass. In choosing First Pension Custodian (a subsidiary of First Bank Plc) as our Pension Fund Custodian (PFC) we have identified synergies in reputation, network, capitalization, experience and reliability which will be brought to bear to bring you quality service.

We are presently managing the shareholders register of Oceanic Bank International Plc, Dangote Flour Mills Plc, Cutix Plc and Adswitch Plc, Courtville Investment Plc, Arco Petrochemical Engineering Company Limited, Refuge Homes Savings and Loans Limited.

We have been appointed as Registrar to the following companies:-
Afrinvest Limited, Nigeria Re-insurance Plc, Diaspora Investment Fund (PHB Asset Management) and EcoBank Nigeria – Rights Issue.
Oceanic Registrars Limited has a well structured board under the chairmanship of (Dr) Mrs. Cecilia A.O Ibru (MFR), Managing Director/Chief Executive Officer of Oceanic Bank International Plc, she is also on the board of TotalFinaElf Nigeria, Aero Contractors Nigeria Limited among other companies.

CrusaderSterling Pensions Limited was incorporated on 12 October, 2004 as a Pension Fund Administrator to administer and manage pension retirement savings contributions of employees in Nigeria in accordance with the Pension Reform Act of 2004. We were granted a licence to operate as a pension fund administrator by the National Pension Commission (PENCOM) in accordance with the provisions of the Pension Reform Act of 2004.