Tuesday, September 2, 2025
27.2 C
Lagos

UnityKapital Assurance Acquires FUG Pensions, Injects N1bn Capital

UnityKapital Assurance Plc has opened another chapter in its quest for market leadership and stakeholder value with another addition to its fold of strategic investments by acquiring FUG Pensions Limited, a licensed Pension Fund Administrator.
With this investment, UnityKapital has extended its field of operations to Pensions Administration; a field that already includes ownership of a Health Management Organization as well as substantial interests in a major player in the hospitality business

MD Over-joyed
Speaking at the official hand- over of FUG Pensions to UnityKapital Assurance, Kins Ekebuike said he was delighted that his dream of building a company that leverages on her unusually strong financials to dominate the insurance landscape is gradually becoming a reality.
While acknowledging the good foundation laid by the founding managing director, he affirms that he has always felt a bit uneasy that a company with excellent  financials and a proactive board  of Directors like the one UnityKapital is blessed with, had hitherto failed to do more with the over abundance of funds at her disposal over the years. Now, he says, with the strong support of the Board, UnityKapital Assurance is gradually deploying its strong financials in a strategic manner to drive the overall Vision of the company over the medium to long term.

Limitless Opportunities
With the new proactive spirit evident in UnityKapital at the moment, the can-do spirit being exhibited by staff and Management, it is obvious the opportunities for the company are limitless. A stock market analyst speaking in Lagos said that if UnityKapital can sustain the trend, there is no doubt that within a few short years, it will become one of the strongest stocks in the insurance sub-sector of the capital market. One can only wish Mr Kins Ekebuike the best of luck in his grand Strategic Vision to turn UnityKapital into the pillar of insurance in Nigeria within a short time.

Success is Sure
All the indicators point to success for UnityKapital : Good and supportive Board, newly fortified Management and Marketing force, A Corporate Restructuring that has created new strategic Business Development Units and a Head office Annex in Central Lagos with the full complements of the requisite authority and empowerment; a well articulated Vision (Vision3-3) for growth which the generality of staff have bought into; all adding up to an unbounded optimism on the part of the MD, it is clear that success can be predicted with the exactitude of mathematical certainty.

Unassuming Chairman
The new Chairman of FUG, the former executive governor of Bauchi State, a seasoned technocrat, a politician per excellence, at the EGM, promised to build on the legacy of the out-going board to take the company to an enviable height.
With the recapitalization, and the determination of UnityKapital, everyone at the meeting felt an infectious optimism that better days are here and also ahead for FUG Pensions.

spot_img
spot_img

Hot this week

Ecobank Nigeria @ 40: Group Unveils N60m in Cash Rewards Program for Customers

Ecobank Nigeria, a subsidiary of the leading pan-African banking...

GOCOP 2025: Conference on Governance Challenges, Prospects Set for October 9

The Guild of Corporate Online Publishers (GOCOP) has announced...

NCC Advances Cybersecurity Framework to Safeguard Nigeria’s Telecom Infrastructure

L-R: President, International Youth Parliament, Hon. Promise Digos; Chief...

Northwest: The Lion’s Share of Tinubu’s Projects

By Tanimu Yakubu Director-General Budget Office of the Federation The Lagos Illusion The...

From Devaluation to Domination: How Tinubu’s Exchange Rate Reforms Turned the Naira into Nigeria’s Export Engine

By Tanimu Yakubu When President Bola Ahmed Tinubu’s administration...

Topics

Entrepreneurship: The Lonely Road to Sustainable Financial Future (2)

I honestly did not plan to pen Part 2 of this article (above) l did last week. But the response from our readers was overwhelming and many requested a follow-up. The message is very clear: Many Nigerians are eager to leave paid employment behind and plot their own destiny on their own terms. Even with all the bumps and spikes in the Nigerian business environment staked against entrepreneurs and small business owners, many still consider the Entrepreneur Route as the best route to their financial stability and future. A job is a job. A business is a business! It would be pertinent at this stage to look at key factors that would be of profound interest to existing and potential entrepreneurs.

Adeosun Hosts American Ambassador, Says Nigeria’s Economy Resilient

The Minister of Finance, Mrs. Kemi Adeosun on Friday...

Union Bank Commemorates International Children’s Day with Barnyard Children’s Fiesta 

Yetunde Oni, Managing Director, Union Bank of Nigeria; (Centre)...

Apple May Launch Fifth-Generation iPad in September: Report

Apple is expected to launch the fifth-generation iPad in...

Ecobank Vital to Needbank’s African Growth Strategy

South Africa’s Nedbank says that Ecobank Transnational Incorporation (ETI)...

NCC Mandates Service Providers to Inform Consumers about Major Outages on Networks

The Nigerian Communications Commission (NCC) has mandated telecom licensees...

Women in Insurance Seeks Gender Parity to Boost Africa’s Economy

L-R: Bunmi Adeleye, Corporate Services, Leadway Assurance, Moderator; Seyi...
spot_img

Related Articles

Popular Categories

spot_imgspot_img