About Us

Oak Pensions

Corporate Profile

OAK Pensions Limited (PFA) one of Nigeria’s leading Pension operators was granted license by the National Pensions Commission (PenCom) for the business of Pension Fund Administration under the new Pension Reform Act 2014. The company’s focus and strength is in the application of modern information technology for the management, operation and investment of pension funds for maximum yield to contributors. The company has grown to become a major player in the pensions industry by taking less advantage of the strength of its promoters as well as deploying aggressive marketing strategies to capture the existing base of its promoters and also making forays into other areas of the lower pensions market.

Offering Integrated Pension Fund Management and Administration services, the company operates from the Head Office located at 266, Murtala Mohammed Way, Alagomeji, Yaba, Lagos, and across various branches / sales outlets of its promoters and their shareholders. The company aims to rapidly secure and retain the highest number of employees with its excellent value added services utilizing highly skilled personnel and state of the art technology.

Our Shareholders

Dr. Awa Ibraheem

Dr. Awa Ibraheem is the CEO of ICMA Professional Services, a company engaged in integrated Consulting, Management AND Accountancy Services. He is a fellow of the Chartered Institute of Management Accountants, UK, the Institute of Chartered Accountants of Nigeria, Chartered Institute of Taxation of Nigeria and Chartered institute of Stockbrokers. He currently sits on the board of many companies including Port-Harcourt Electricity Distribution Company, Force Select of United Kingdom and Lagos Executive Business School. He currently chairs the boards of Prime Metro Properties limited, Afrocommerce (WA) Limited, Oceanic Health Management Company Limited and Oak Pensions Limited amongst others. He had earlier experience in auditing and tax planning with a couple of accounting firms and was Assistant General Manager – Finance & Accounts at New Nigeria Development Company (NNDC), Kaduna. He has a BSc (Accounting) – with first class Honours from University of Lagos, an MBA (Finance) from Ahmadu Bello University, Zaria and a PhD (Management science) from University of Ilorin. He has attended various professional courses both in Nigeria and Overseas including Harvard Business School, Strathclyde University, UK and ILO Institute in Turin, Italy. He was in 1992/93 a Hubert Humphrey Fellow at University of Texas at Austin, USA. He is also a 2012 University of Lagos distinguished alumni awardee​.

ICMA Services Limited

ICMA Services Limited was incorporated in 1996 to carry on the business as financial consultants and advisers and Portfolio management. The company has over the years invested in several publicly quoted companies on The Nigeria Stock Exchange. The company has taken a strategic step to invest in the Nigerian Pension Industry by acquiring controlling interest in Oak Pensions Limited in order to grow the business of the company and convert the opportunities that are emerging in the industry.

Cornerstone Insurance Plc

Cornerstone Insurance Plc was incorporated on 26th July 1991 as a private limited liability company. The company became a Public Limited Liability company and quoted on the Stock Exchange in 1997. The Company, which is owned and managed by Nigerians, has grown impressively since inception. The company’s authorized and paid up share capital is about N3billion and N1 billion respectively, while the Shareholders’ funds is in excess of N1.56 Billion.