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2006 Press Release
OAK
PENSIONS LIMITED RECEIVES PENCOM'S LICENCE TO COMMENCE OPERATIONS
Lagos
Island, Lagos – November 14, 2006
Oak Pensions Limited, a Pension Fund Administrator (PFA) company co-promoted by Cornerstone Insurance Plc and Express Discount Limited has today received its operating licence from the National Pension Commission (PENCOM).
The PFA which has an initial paid up share capital of N300m will leverage on the application of modern information technology for the management, opeartion and investment of pension funds for maximum yield to contributors.
Located at 15B Oko Awo Street, Victoria Island, Oak is ready o roll out servces at the head office asd well as two branches in Abuja and Port harcourt immediately.
| (i) | Mr. Kwesi Sagoe | MD/CEO, Express Discount Ltd. |
| (ii) | Mr. Peter Ameadaji | Chairman, Cornerstone Trustees Ltd. |
| (iii) | Mrs. Funmi Babington-Ashaye | MD/CEO, Cornerstone Insurance Plc. |
| (iv) | Alhaji Muhammad Baba | Executive Director, Express Discount Ltd. |
(v) |
Mr. Mike Olayinka | MD/CEO, Oak Pensions Ltd. |