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SSA : Nigeria : First Guarantee Pension Limited

Name of company First Guarantee Pension Limited


3 Idowu Martins Street Victoria Island, Lagos


+234-9-413-0995, +234-9-413-1006, +234-9-413-0732, +234-9-413-0733



Contact Mail



3 Idowu Martins Street
Victoria Island , Lagos

13 Beira Crescent
Off Adetokunbo Ademola
Crescent Wuse II , Abuja

77 Stadium Road
Airforce Junction
Port Harcourt, Rivers State

2A O'Connor Street
Opposite Eastern Shop
Asata, Enugu


First Guarantee Pension is a Pension Fund Administrator licensed by the Federal Government (NationaPension Commission) to pioneer the Defined Contributory Pension Scheme in Nigeria.

FGP is engaged in the business of Pension Fund Administration and Management in Nigeria.

Incorporated in 2004 with a focus on capturing:

Opportunities in the Nigerian financial services sector created by the pension reforms act of 2004

Our services cover the six geopolitical areas of Nigeria


“To be a world-class PFA noted for customer care”.


“To provide high quality pension funds administration and customer service to individuals in the most professional and ethical manner, delivering value to all stakeholders”


• Professionalism & Integrity
• Respect for the Individual
• Superior Customer Care
• Innovation & Creativity
• Team Work
• World Class Standards


FGP is a limited liability company established In 2004 with ownership spread across Investor groups from diverse backgrounds, including individuals who have achieved remarkable successes in their respective endeavours. The company presently has 27 shareholders

First Guarantee Pension operates a five man board of distinguished individuals, including

NZE CHIDI DURU - Vice Chairman

Mr Ojo has had over 35 years work experience in the oil and gas industry straddling the upstream and downstream sectors. He was until recently the General Manager (Value and Portfolio), Shell Petroleum Development Company of Nigeria Limited (SPDC). Earlier, he was Managing Director/CEO Shell Nigeria Gas Limited. Before joining SPDC he was business and management consultant to Atlantic Healthcare Group which business interests traverse some North and South American countries.

Also, he spent a total of 15 years in National Oil and Chemical Marketing Plc (NOLCHEM) (now Conoil) where he rose to become the Managing Director/CEO. He also worked in UAC in the early part of his career as a Computer Programmer/Analyst.

A thorough-bred professional, Mr Ojo has a B.Sc in Mathematics from the University of Ibadan, Nigeria, an M.Sc in Systems Analysis from Aston University, Birmingham, an M.A in Operational Research from Lancaster University, Lancaster, UK, and also has a distinction in the Sloan Fellowship General Management Programme at the London Business School, London.


Nze Chidi Duru is a law graduate of the Bendel State University, (now Ambrose Ali University), Ekpoma, Edo State. He was called to the Bar in 1989.

He has attended several management courses including the Chief Executive Program at the Lagos Business School, Competitive strategy and value creation at the University of Navarra, Barcelona, Spain, Privatisation, Regulatory Reform, Corporate governance and management of Political economic reforms at the John F. Kennedy School of Government, Harvard. He was nominated by the British Government as one of 14 outstanding leaders in Africa and attended Africa Future Leadership Pilot Programme in Manchester, UK.

Nze Duru was elected into the Federal House of Representatives in 1999 and played a key role in establishing the Pension Reform Act, 2004. He has served in various capacities as the Chairman of House Special Committee on Pension Reform Bill, Privatization and Commercialization of public parastatals as well as the Committee on Housing and Urban Development.

He Chairs several other companies such as Aptics Limited, Correspondence Limited and Grand Towers Plc and is a board member of several others, including First Equity Securities Limited (stock brokers). He is a principal partner in law firm of Moka Mezue Okonkwo and Partners.


Mr. Anammah holds a first class honours Bachelor of Science (B.Sc) degree in Finance from the University of Nigeria, Nsukka and a Master of Science (M.Sc) degree (with Distinction) also in Finance from the University of Lagos, Nigeria. He is an Associate member of the Chartered Institute of Bankers of Nigeria (ACIB), Chartered Institute of Stockbrokers of Nigeria (ACIS) and Nigerian Institute of Management (ANIM). He holds several other qualifications and has undergone various training programmes both locally and overseas.

He is currently the Managing Director/CEO of Prudential Trust Company Limited, a
licenced issuing house in the Nigerian Capital Market. He is also the founder and pioneer Managing Director of Guardian Express Bank.

He played very significant roles in the change management processes in Fidelity Bank Plc and Crystal Bank Limited after his stint at Citibank Nigeria and Allstates Trust Bank Plc. In all these places, he has distinguished himself. He brings his wealth of technical and managerial experience to the team.


Hon Terngu Tsegba is a banker. He worked for Lobi Bank Nigeria Limited; a joint venture between the Korea Exchange Bank and the Benue State Government, where he rose through the ranks to the position of Area Manager. He retired voluntarily in December 1997.

He holds a diploma in accounting (upper credit) from the University of Jos and a Post Graduate Diploma from Benue State University. He has also attended several local and international courses in the course of his banking career. He is an associate member, Association of National Accountants of Nigeria and a member of the Chartered Institute of Bankers

Hon Tsegba is a member of the House of Representatives, and has been representing Gboko/Tarka Federal Constituency since 1999. During his first term in the National Assembly, he served as the House Committee Chairman of States and Local Government and is currently the Chairman of the House Committee on Drugs Narcotics and Financial Crimes. He is also a member of House Committee on Appropriation, Maritime Transport, Pensions, Agriculture, Banking and Currency. He has also served on the House Ad-Hoc Committee on the 1999 Constitution Review and Pension Act Review. His hobbies include golfing and tennis. He is married to Francisca Marie Tsegba (Mrs.) and blessed with two Children, Keghtor and Nguvan.

Our Products and Services

Our Services and Products

We offer various products tailored to meet the under listed objectives:

• Pension administration and management
• Retirement planning and management
• Investment advisory and portfolio management

Our Unique Selling Strengths

We have wide reach through our branch network, and partner banks and their branches and other delivery channels through out the nation.

Timely response to the needs of our clients. Develop mutually beneficial relationship with the client. Attract, train and re-train the best caliber of staff.

Our goal is to partner with you in order to guarantee a peaceful and fulfilling life after you retire.
We look forward to the opportunity to being your Pension Fund Manager after you have submitted our Retirement Savings Account Form and return same to us

Our Pension Fund Custodian

We have after due consideration for integrity, financial strength and need for safety of funds, selected First Pension Custodian, a wholly owned subsidiary of First Bank of Nigeria Plc as our pension fund custodian.

See also:

Interview with Mr. Wilson Ideva, MD/CEO more!


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