Access ARM Pensions Appoints Abimbola Sulaiman as Acting CEO After Leadership Shift
Access ARM Pensions has named Abimbola Sulaiman as its new Acting Managing Director and Chief Executive Officer. The appointment follows the departure of Dave Uduanu, whose decade-long tenure reached the regulatory limit set by Nigeria’s National Pension Commission (PenCom). Sulaiman steps into the role with over 20 years of experience in investment and asset management.
Dave Uduanu, a leading figure in Nigeria’s pension sector, left his position due to PenCom’s rule capping MD/CEO service at ten years. His exit marks the first major departure under the tenure policy since its introduction. Before joining Access ARM Pensions, Uduanu had previously led Sigma Pensions and Access Pensions, bringing extensive industry knowledge to the role.
Abimbola Sulaiman, formerly Executive Director of Investment at Access ARM Pensions and ARM Pension Managers, now takes charge of daily operations and investment activities. Her appointment is temporary, as PenCom rules restrict acting roles to a maximum of six months without extension. The company must now select a permanent replacement within this period and secure regulatory approval. PenCom’s corporate governance guidelines aim to prevent prolonged leadership and ensure structured succession across pension operators. These rules were applied even after the 2022 merger of Access Pensions and ARM Pension Managers, which formed Access ARM Pensions.
Sulaiman’s acting appointment provides continuity while the firm searches for a substantive chief executive. The regulatory framework ensures leadership renewal, reinforcing governance standards in Nigeria’s pension industry. Access ARM Pensions has six months to finalise a permanent replacement and comply with PenCom’s requirements.
Read also:
- India's Agriculture Minister Reviews Sector Progress Amid Heavy Rains, Crop Areas Up
- Cyprus, Kuwait Strengthen Strategic Partnership with Upcoming Ministerial Meeting
- Inspired & Paddy Power Extend Virtual Sports Partnership for UK & Ireland Retail
- South West & South East England: Check & Object to Lorry Operator Licensing Now
