CrusaderSterling bags Nestlé Nigeria fund management mandate

CrusaderSterling Pensions (CPL) Limited has secured the mandate to manage the Nestlé Nigeria Staff Gratuity Fund following a competitive selection process involving pension fund administrators in Nigeria.

The selection process was conducted virtually on June 11, 2026, and independently facilitated by KPMG, according to information provided by the company.

CrusaderSterling Pensions was selected as the preferred pension fund administrator after competing with other PFAs in the bid process.

The company said feedback from the facilitators attributed the outcome to its investment returns and customer experience ratings.

The selection places investment performance and customer service among the factors considered by organisations when choosing managers for pension and retirement funds.

Representatives of CrusaderSterling Pensions at the virtual bid included Rotimi Adebiyi, Managing Director and Chief Executive Officer; Femi Dada, Executive Director, Business Development; Funmilola Oluwajoba, Executive Director, Operations; Toyin Oduola, Head of Marketing, South; Tony Oghenerhaye, Head of Marketing, North; and Folaranmi Adedeji, Head of Investment.

The mandate will see CrusaderSterling Pensions manage the staff gratuity fund while applying its investment management and operational processes.

According to the company, the engagement provides an opportunity to deliver value through investment management, operational efficiency, and client relationships.

The development comes as organisations place attention on investment returns and service…