NEWS
PenCom Approves Leadway’s Takeover of PAL Pensions after 100 Per Cent Divestment
By Tony Obiechina, Abuja
The National Pension Commission (PenCom) has granted approval for Leadway Holdings Limited to acquire Pensions Alliance Limited (PAL Pensions), marking the completion of one of the most notable consolidation moves in Nigeria’s pension industry in recent years.
The approval follows the full divestment of former shareholders, FSDH and African Alliance, paving the way for a smooth transition of ownership.
With the regulatory clearance, Leadway Holdings has now concluded the acquisition and will commence the integration of operations between Leadway Pensure PFA and PAL Pensions, subject to further supervisory guidance from PenCom.
Both brands are expected to continue operating concurrently during the transition period to ensure service continuity, customer protection, and seamless alignment of governance, technology, and service platforms.
Group Managing Director of Leadway Holdings, Tunde Hassan-Odukale, described the approval as a historic milestone for the company and a transformative step for the broader pensions market.
He said the combined expertise and performance of the two pension fund administrators would position Leadway to deliver superior value to contributors and deepen penetration across the country.
“The completion of this transaction is a major milestone for Leadway and a significant step forward for the broader pensions industry,” Hassan-Odukale stated. “We are bringing together two trusted and high-performing brands under one vision, focused on delivering improved value, innovation, and long-term security for our contributors.”
He added that the merger reinforces Leadway’s ambition to build a more robust and future-ready pension platform, particularly with opportunities among younger Nigerians entering the workforce.
According to him, leveraging the synergy and scale of both organisations will enhance service delivery, expand access, and support long-term wealth creation for millions of contributors.
He noted that the acquisition underscores Leadway Holdings’ sustained commitment to expanding its footprint within Nigeria’s financial services sector.
“By combining operational strengths, technological capabilities, and nationwide networks, the company aims to accelerate innovation and strengthen its competitive position in a pension industry undergoing increasing regulation, digitisation, and evolving customer expectations,” he said.
NEWS
ASUSS Opposes NUT Strike in FCT, Urges Teachers to Ignore Stay-at-home Directive
By Laide Akinboade, Abuja
The Academic Staff Union of Secondary Schools (ASUSS), Federal Capital Territory (FCT) Chapter, has dissociated itself from the indefinite strike declared by the Nigeria Union of Teachers (NUT), FCT Wing, directing secondary school teachers and education officers to report to their classrooms and proceed with their normal duties.
The union’s stance was made public in a press statement issued on Wednesday by its State Executive Council (SEC) following an emergency meeting to review the industrial action called by the NUT FCT Wing.
Rejecting the stay-at-home order, ASUSS argued that the academic destiny of students should not be compromised over industrial disputes, describing the strike action as premature and detrimental to educational stability in the territory.
Addressing the specific demands raised by the NUT, ASUSS offered counter-positions on the three primary issues driving the dispute.
ASUSS stated that the vacancy requirement remains a statutory provision of the Public Service Rules (PSR) governing establishment control and financial planning, emphasizing that altering career structures requires administrative dialogue rather than coercion.
The union clarified that the administrative framework for affected teachers has already been resolved, noting that the 2025 promotion process is set to run concurrently with the 2026 promotion cycle under the FCT Civil Service Commission, as outlined in circulars released in September 2026.
ASUSS maintained that the redeployment of education agency directors to classrooms falls within management’s statutory prerogative to maintain administrative order.
ASUSS further alleged that the strike action was calculated to disrupt the scheduled 2025/2026 promotion examinations for FCT Education Officers.
In its final directive, the union urged all eligible Education Officers to participate in the upcoming promotion examinations according to the published timetable, while calling on parents and guardians across the FCT to send their children to school, assuring them that academic activities will continue uninterrupted.
Furthermore, the ASUSS FCT Chapter issued specific directives to secondary school principals, vice-principals, and education officers:
“All secondary schools must remain fully open for academic and administrative activities without interruption.
“Ensure that all teachers report to their respective classrooms to execute their normal duties and teach students diligently.
“Disregard any directives or instructions from unauthorized bodies aimed at disrupting the academic calendar.
“Monitor attendance and ensure a safe, conducive learning environment for all students who are innocent victims of unnecessary industrial disruptions.”
NEWS
Edo Varsity Lecturer Dies after Sex Romp in Hotel
A senior lecturer at the Ambrose Alli University, Ekpoma in Edo State, Dr. Matthew Uwuigbe, has died under mysterious circumstances following an alleged sex romp with a sex worker in a hotel in Edo State.
It was learnt that the lecturer lodged in the hotel with the 21-year-old commercial sex worker identified as Angela Defa Jacob.
However, tragedy struck after the university don suddenly slumped and died during the encounter at the hotel located in Mosco area of Ekpoma, Esan West Local Government Area of Edo State.
The Edo State Police Public Relations Officer (PPRO), Eno Ikoedem, confirmed the incident on Tuesday.
She disclosed that three persons have been arrested in connection with the incident.
The command spokesperson said, “On October 5, 2026, at about 8 pm, the command received a report that Matthew Uwuigbe, a lecturer at Ambrose Alli University, Ekpoma, had lodged at a hotel in Ekpoma and engaged the services of a 21-year-old sex worker, Angela Defa Jacob.
“He subsequently sent the woman to purchase water for him, and upon her return, she found him lying dead in the room.”
She added that the hotel owner, the manager and the sex worker have been detained over the incident as investigation continues.
Ikoedem said the corpse of the victim has been deposited at the Oriaifo Memorial Hospital mortuary.
NEWS
Over 84 Per Cent Nigerians willing to Vote During 2027 Elections – Yiaga
Yiaga Africa said 84 per cent of Nigerians intend to vote during the 2027 general elections, urging political parties to mobilise citizens to ensure they vote in spite of insecurity, distrust and vote buying threat to turnout.
Yiaga Africa Board Chairman, Hussein Abdul said this on Wednesday while unveiling its third National Voting Intentions Survey, based on interviews with 2,470 Nigerians across 36 states and FCT.
He said, Yiaga’s third voters’ intention study examines Nigerians’ readiness, motivations and expectations ahead of the 2027 general elections.
Abdul said insecurity, fears of election-related violence and low confidence in INEC, judiciary and security agencies could influence citizens’ decisions to vote.
He said the findings were not verdicts, but wake-up calls requiring INEC, security agencies, political parties, civil society organisations and other stakeholders to address identified concerns.
Abdul urged political parties to mobilise voters and strengthen civic education, saying low turnout undermines democracy in spite of more than 100 million registered voters.
The findings showed that 61 per cent of the respondents’ feared violence could prevent them from voting, rising to 78 per cent in the North-East, while 83 per cent wanted improved security.
The survey showed declining trust in INEC, with only 34 per cent confident of credible elections, while 63 per cent had little or no confidence in judicial resolution of electoral disputes.
It said 54 per cent disapproved of the President’s performance, while 71 per cent rated the economy poorly, with 49 per cent seeking leadership change as a voting motivation.
The report urged government and security agencies to strengthen election security, while INEC, judiciary, parties, media and civil society should improve credibility, voter confidence and combat vote buying.
Speaking on the report, Safiya Bichi, Head, Knowledge Management and Learning, Yiaga Africa, said: “Nigerians have not given up on democracy, but wanted votes to count.
Bichi said they see elections as their duty and they believe their votes can make a difference.
“What stands between that willingness and the ballot box is fear, distrust and money.
“Low turnout in Nigeria is a conversion problem, not an apathy problem and the responsibility for fixing it lies with the institutions and actors who control security, credibility and logistics.” Bichi said.
In a panel discussion featured at the launch, Ene Obi, Executive Director, Ene Obi Centre for Development said Nigeria would get it right and there would be more confidence if citizens vote and guard their votes.
The panel discussion was focused on ‘Intensions, Commitments and Pathways to Increasing Turnout’.
“We need to encourage citizens to go out and vote because this is their country, for civil society we are not worried about who wins but about the process, because the process must be fair and transparent.
“We must also take cognisance of those in the IDP camps and the areas they call ungovernable.”
Also speaking at the panel discussion, Chief Ezenwa Nwagwu, Executive Director Peering Advocacy and Advancement Center in Africa (PAACA), called on the media to highlight the positive side of the report of 84 per cent willing to vote.
He also called for investment in political reforms and not only electoral reforms, adding that the values and attitudes of politicians also affect election integrity.
Speaking on behalf of INEC, Victoria Efa-Mesi, Director Voter Education and Publicity called on Nigerians to do the right thing at all times, affirming that INEC was prepared for the 2027 elections.(NAN)


