PAL Pensions Empowers 24 Clients with N176.5 M Mortgage Finance

Funmi Ogundare

PAL Pensions has disbursed a total of N176.5 million to 24 valued clients who have chosen to leverage 25 per cent of their pension savings as equity contributions towards residential mortgages, as part of its commitment to ensuring  financial empowerment and retirement security. 

The achievement underscores the organisation’s dedication to making a tangible difference in the lives of its clients and mission to facilitate affordable and secure housing solutions. The combined mortgage value for the 24 individuals now stands at an impressive N578,893,600.00, a testament to our unwavering commitment.  


The Managing Director, Mr. Sa’adu Jiji, stated that the organisation believes in providing innovative solutions that foster financial stability and overall well-being. 

The accomplishment, he noted, aligns with the guidelines set  by the National Pension Commission (PenCom) in September 2022, which grants individuals the opportunity to access their Retirement Savings Accounts (RSA) for equity contributions in residential mortgages.  

He expressed delight about reaching this remarkable milestone, saying, “we are thrilled to witness the positive impact of our mortgage finance program on the lives of our clients.”  

The substantial payment, he added, reflects PAL Pensions’ unwavering dedication to its customers and mission to enhance financial security and well-being. 

He said, “As we continue to grow and evolve, we remain steadfast in our commitment to providing innovative solutions to support our clients. “