Notice Of Extraordinary General Meeting

The Unitholders of the Ministry of Finance Real Estate Investment Fund (“MREIF”) are hereby notified that ARM Investment Managers Limited (the “Fund Manager”) wishes to convene a meeting of the Unitholders (the “Meeting”).

Notice is hereby given that the Meeting will be held at 11:00 a.m. on Friday, March 13, 2026, at No. 1 Mekunwen Road, off Oyinkan Abayomi Drive, Ikoyi, Lagos. This publication shall constitute due notice of the Meeting to all Unitholders of MREIF as of the date of this publication.

It is proposed that special resolutions be passed in relation to the amendment of the MREIF Programme Trust Deed, to address the provisions on incentive fees, fees and expenses, the constitution of the Advisory Board, and the meetings of the Advisory Board

The proposed 1st Supplemental Trust Deed of MREIF is available for inspection at the registered office of ARM Investment Managers Limited, located at No. 1 Mekunwen Road, off Oyinkan Abayomi Drive, Ikoyi, Lagos, during normal business hours from the date of this notice until the date of the Meeting.

View the full announcement

ARM Launches ₦200 Billion Private Debt Fund to Expand Access to Long-Term Capital for Nigerian Businesses

ARM Launches ₦200 Billion Private Debt Fund to Expand Access to Long

ARM Investment Managers has officially launched the ARM Private Debt Fund, a ₦200 billion private credit programme designed to expand access to structured, long-term financing for scalable Nigerian businesses while offering institutional investors a stable and diversified source of income.

The Fund was formally introduced to the market at a media briefing held in Lagos on Monday, January 12, 2025. The session brought together members of the business and financial press to discuss the growing importance of private credit in Nigeria’s capital markets and its role in addressing long-standing financing gaps faced by small and medium-sized enterprises.

The ARM Private Debt Fund is structured as a closed-ended private credit vehicle and is focused on providing non-bank financing to businesses with strong operating fundamentals and predictable cash flows. The Fund will deploy capital primarily through senior secured term loans and revolving credit facilities, alongside selective subordinated debt where appropriate. Series I of the programme is targeting an initial raise of ₦25 billion under a broader ₦200 billion shelf programme.

Nigeria’s SMEs remain a critical driver of economic activity, contributing a significant share of GDP and employment across the country. Despite this importance, many viable businesses continue to struggle to access long-term financing that aligns with their growth cycles. Traditional banks, constrained by regulatory requirements, funding costs, and balance sheet considerations, often prioritise short-term lending or sovereign exposures. This dynamic has created a structural financing gap that private credit is well positioned to fill.

Private credit provides an alternative source of capital by allowing professional investment managers to lend directly to businesses using flexible, cash-flow-aligned structures. Unlike conventional bank loans, private credit facilities are designed to match the operational realities of businesses, offering longer tenors and tailored repayment terms while maintaining strong legal and risk controls. For growing enterprises, this form of financing can support expansion, asset acquisition, working capital optimisation, and long-term competitiveness.

Speaking at the launch, Deji Opeola, Chief Executive Officer of the ARM Private Debt Fund, described the initiative as a deliberate response to Nigeria’s evolving financing needs.

According to him, the Fund has been structured to provide patient and well-designed capital to businesses while maintaining a strong focus on capital preservation and risk management for investors. He noted that disciplined credit underwriting, asset-backed lending, and active portfolio monitoring are central to the Fund’s investment approach.

From an investor perspective, the ARM Private Debt Fund is targeted at qualified institutional investors, development finance institutions, family offices, and high-net-worth individuals seeking portfolio diversification through private credit. The Fund is expected to deliver returns of approximately 300 basis points above the Federal Government of Nigeria 10-year bond yield, subject to market conditions. Returns are driven primarily by interest income rather than market price movements, offering investors exposure to a less volatile asset class relative to public equities and bonds.

Strong governance is a core pillar of the Fund’s design. Investment decisions are overseen by independent governance structures, including an Investment Committee and an Advisory Board, supported by strict concentration limits, conservative leverage, and continuous portfolio oversight. This framework is intended to ensure consistency, transparency, and disciplined risk management throughout the life of the Fund.

Beyond investors, the launch of the ARM Private Debt Fund also represents an opportunity for eligible SMEs and mid-sized businesses seeking growth capital. The Fund is open to businesses with proven operating histories, sound governance structures, and clear plans for the use of funds. Financing is targeted at companies looking to expand operations, strengthen working capital, acquire productive assets, or optimise their balance sheets. Priority sectors include manufacturing, trade and distribution, agribusiness value chains excluding primary agriculture, logistics, services, and technology-enabled businesses.

The Fund forms part of ARM’s broader alternatives investment platform, which spans infrastructure, real estate, trade finance, and sector-focused strategies. Domiciled in Mauritius and structured as a multi-currency vehicle, the ARM Private Debt Fund is designed to deploy both naira and hard-currency capital. While the initial focus is Nigeria, the platform has been structured to support expansion into other Sub-Saharan African markets over time.

Commenting on the strategic significance of the Fund, Wale Odutola, Group Chief Executive Officer of ARM, described the launch as the foundation of a long-term private credit platform for the Group. He noted that the objective is to support sustainable business growth while contributing to the development of a deeper and more resilient private credit market in Nigeria.

With the launch of the ARM Private Debt Fund, ARM is positioning itself at the forefront of private credit investing in Nigeria. By connecting long-term capital with productive enterprise, the Fund aims to support business growth, job creation, and economic resilience while delivering consistent, risk-adjusted returns to investors.

Buy Your Dream Home: MREIF Introduces Lower Interest Rates for Nigerians

LAGOS, NIGERIA — The Ministry of Finance Incorporated Real Estate Investment Fund (MREIF), a key driver of affordable homeownership in Nigeria has announced a major reduction in its mortgage requirements. The interest rate has now been reduced from a fixed rate of 12% per annum to 9.75% per annum.

The revised terms for the fund scheme, managed by ARM Investment Managers, is designed to address the financial constraints faced by many aspiring homeowners. By significantly lowering the entry barrier, MREIF and its group of financial partners are fostering a more inclusive and accessible housing market.

Commenting on the development, Mr. Wale Odutola, the Group CEO of ARM, stated, “Our role as fund managers is to ensure MREIF operates as a credible vehicle for lasting impact. The reduction in the down payment, alongside the competitive interest rate, is a strategic move to empower more Nigerians. This is a testament to the power of a public-private partnership that is genuinely focused on delivering tangible solutions and contributing meaningfully to Nigeria’s economic progress.”

The new terms are expected to accelerate the transition from renting to owning, providing financial stability and long-term security for countless Nigerian families.

It is important to note that the downpayment for the selected property can also be funded from the pension accounts (RSA) of willing beneficiaries, further reducing all barriers to participation in the scheme.

To learn more about this groundbreaking scheme, visit: https://www.arm.com.ng/mreif-about-mreif/

MREIF Cuts Down Payment to 10% and Lowers Mortgage Rates for Nigerians

MREIF-Cuts-Down-Payment-to-10%

LAGOS, NIGERIA — The Ministry of Finance Incorporated (MOFI) Real Estate Investment Fund (MREIF) has unveiled new mortgage terms designed to make homeownership more attainable for millions of Nigerians. In a landmark move, the minimum down payment has been reduced from 20% to just 10%, while the fixed mortgage interest rate has been lowered from 12% per annum to 9.75% per annum.

This policy shift, part of the Federal Government’s Renewed Hope agenda, tackles one of the biggest barriers to homeownership — the high initial equity contribution. With this change, more Nigerians can move from renting to owning their own homes.

The revised terms apply to MREIF’s long-term mortgages with repayment periods of up to 20 years, combining lower upfront costs, reduced interest rates, and extended tenure to ease the financial burden on households.

Dr. Armstrong Takang, CEO of MOFI, stated:
“These new terms reflect our mission to build a sustainable and inclusive housing market. By reducing the down payment and maintaining a low interest rate, we are removing major barriers to homeownership and creating a pathway to a brighter, more secure future for families across Nigeria.”

Wale Odutola, Group CEO of ARM, fund managers for MREIF, added:
“Our role as fund managers is to ensure MREIF operates as a credible vehicle for lasting impact. The reduction in the down payment, alongside the competitive interest rate, is a strategic move to empower more Nigerians. This is a testament to the power of a public-private partnership that is genuinely focused on delivering tangible solutions and contributing meaningfully to Nigeria’s economic progress.”

Beneficiaries can also use funds from their Retirement Savings Account (RSA) to cover the down payment, further reducing entry barriers.

Learn more at: https://www.arm.com.ng/mreif-about-mreif/

ARM announces New CEO as part of Strategic Leadership Transition

ARM Holding Company, one of Nigeria’s foremost investment management firms, has announced the appointment of Wale Odutola as Group Chief Executive Officer and Osahon Ogiemudia as Executive Director, effective July 2025. This strategic leadership transition marks a significant milestone in ARM’s 30-year journey and positions the Group for a new chapter of innovation, enterprise growth, and scale that is firmly aligned with Nigeria’s evolving economic landscape.

The announcement follows the planned exit of Ms. Jumoke Ogundare, the current Group CEO, who will step down on June 30, 2025, after three remarkable decades of service, including a decade of leadership as Group CEO. Under her leadership, ARM reinforced its position as a trusted partner to individuals and institutions, expanded its asset management footprint, and deepened its impact across sectors.

Commenting on the leadership change, Ms. Jumoke Ogundare, the outgoing Group CEO, stated: “It has been a privilege to lead ARM. I am confident that Wale and Osahon will continue to uphold our core values while exploring new paths for innovation, growth, and stakeholder impact. Their leadership will ensure that ARM remains firmly aligned with its mission and long-term strategic objectives.”

Wale Odutola, the incoming CEO, brings nearly three decades of experience in Nigeria’s financial services sector. He currently serves as Deputy CEO of ARM Holding Company and has previously held leadership roles across key subsidiaries, including ARM Pension Managers, ARM Securities, and ARM Properties Plc. Recognized for his strategic foresight, disciplined execution, and operational excellence, Wale has played a central role in driving group-wide performance, business integration, and resilience.

Commenting on his appointment, Mr. Odutola said: “ARM has always stood for vision, integrity, and long-term value. I am honoured to lead this next chapter of growth alongside a team deeply committed to excellence and innovation. We will continue to anticipate the needs of our clients, contribute meaningfully to Nigeria’s economic progress, and uphold the values that have defined ARM for three decades.”

Osahon Ogiemudia, who assumes the role of Executive Director, has led critical operational and corporate functions at ARM Holding Company. With a proven track record across various Group subsidiaries, including ARM Pension Managers and ARM Life, he brings a deep institutional knowledge and a strong focus on execution, client alignment, and sustainability.

This leadership transition reflects ARM’s long-standing philosophy of internal growth, institutional continuity, and client-centred evolution. It ensures that the Group remains resilient and agile in meeting the dynamic needs of its clients and partners in an increasingly complex financial environment.

Commenting on the appointments, ARM’s Chairman, Deji Alli, stated: “This transition marks not just a change in leadership, but a renewed commitment to growth and relevance in today’s Nigeria. As the economy shifts and opportunities emerge, ARM must evolve to meet the ambitions of a new generation of investors and institutions. With Wale and Osahon, we have a leadership team that is deeply experienced, forward-looking, and grounded in our mission. They are well-positioned to guide ARM’s transformation into a more agile, growth-oriented enterprise.”

Known for its specialization in Traditional Asset Management and Specialized Funds, ARM continues to set industry standards in innovation, governance, and sustainable investment practices, remaining at the forefront of sustainable wealth creation in Africa.

About ARM Holding Company

Founded in 1994, ARM Holding Company is a leading Nigerian investment management firm, providing comprehensive asset management and financial advisory services to individual and institutional investors. We enable businesses to thrive and help our clients to maximize their returns and realize their most important goals. For over three decades, we have built a firm uniquely equipped to achieve these objectives, and our reputation for quality research, investment expertise, and value-added services has endeared us to clients both locally and internationally.

For more information, visit www.arm.com.ng.

MOFI, Family Homes Funds, MREIF Unveil Plan To Ease Mortgage Terms For Federal Civil Servants

The Ministry of Finance Incorporated (MOFI), Family Homes Funds Limited (FHFL), and the Asset & Resource Management Holding Company Limited (ARM) have unveiled plans to ease mortgage terms for Federal civil servants in Nigeria under the MOFI Real Estate Investment Fund (MREIF).

ARM represents MREIF in the arrangement, being the designated Fund Managers.

This development follows extensive consultations with key stakeholders aimed at continuously improving the terms for accessing mortgages under the MOFI Real Estate Investment Fund (MREIF) for Federal Civil Servants.

The goal of this agreement is in full alignment with the central goal of MREIF, which is to expand access to housing for Nigerians on a mass scale through a credible and innovative financing model. 

Expanding Access by Lowering Interest Rate, Equity Contribution

The agreement seeks to actualise key objectives, which include lowering the interest rate and equity contribution required from homebuyers, creating a framework to deliver mortgages at more affordable interest rates through blended finance solutions, and contributing to the One Million Homes Housing Project, a major component of the Renewed Hope Agenda.

A Result-Driven Partnership

The structure of this formal collaboration features MOFI, FHFL, and MREIF.

To address the equity contribution barrier, both MREIF and FHFL will jointly provide significant portions of the required mortgage funding, leaving homebuyers with a convenient equity contribution of only 10%. Additionally, this arrangement reduces the interest rate for civil servants to a single digit.

The interest rate reduction strategy includes blending funding sources with varying cost of capital, allowing loans to be delivered at significantly reduced interest rates. FHFL’s access to a funding line from the African Development Bank (AfDB) will play a vital cost-lowering role here.

As a mortgage scheme, a well-structured loan distribution and management plan has been proposed, which will feature engagement of Partner Mortgage Lenders to grant the mortgage loans, with all loans made to comply with the Nigeria Mortgage Refinance Company (NMRC)’s underwriting standards.

Towards Lasting Impact

Commenting on the partnership, MOFI’s CEO, Dr. Armstrong Takang, described it as a “strategic cost-management intervention” for civil servants and other beneficiaries within the band.

On his part, FHFL’s MD, Mr. Abdul Mutallab Mukhtar, stated that through the arrangement, Federal civil servants would finally “realise their dream of owning decent homes”.

ARM’s Deputy Managing Director, Wale Odutola, expressed ARM’s confidence in delivering an impactful financing solution through MREIF, which he described as “a credible vehicle for lasting impact”.

About MREIF

The MOFI Real Estate Investment Fund (MREIF) is a Securities and Exchange Commission (SEC)-approved and regulated fund designed to expand homeownership and strengthen Nigeria’s housing sector. With an AAA rating from Agusto and an AA rating from GCR, MREIF has established itself as a highly credible, market-driven investment platform to address Nigeria’s housing finance gap.

By bringing together public and private sector capital, MREIF aims to make affordable housing more accessible to Nigerians while supporting economic growth. With NGN250 billion already raised and over 100 mortgage finance disbursements made across three geopolitical zones, MREIF is a key driver of investment in long-term housing finance and reducing Nigeria’s housing deficit.

To begin your mortgage application with MREIF, call 02013305005, visit mreif.com.ng, or email [email protected].

Surviving Nigeria’s Heatwave: A Guide to Not Being Roasted Like Plantain

Dearest Gentle Reader,

If you’ve stepped outside lately, you know that Nigeria is currently hotter than your landlord when you delay rent. The sun is out with a personal vendetta, and at this rate, we’re all just one degree away from being fully roasted like plantain.

But while this heatwave is temporary, there’s another kind of heatthat lasts forever; but read on to to know how to survive this kind of heat and the other heat that lasts forever.

1. Hydrate Like Your Life Depends on It

This is not the time to be forming “I don’t like drinking water”. Please drink enough cold water this period. Carry around a water bottle if possible because your body is basically sweating out all its life savings and you need to refill your account with water (not soda). Aim for at least three litres a day, and if possible, throw in some electrolytes to keep your energy up.

2.Dress for Survival, Not Fashion Week

Yes, we know you love your black-on-black outfits, but unless you want to slow-roast like jollof rice, opt for light, loose, and breathable clothing. Cotton is your best friend, and if you must wear dark colours, just prepare to be nature’s solar panel.

3. Find Shade everywhere you go!

If you’re outside and you see shade, run to it. Don’t stand under the sun. No explanations needed. If there’s an AC nearby, even better. This is the season to appreciate supermarkets, banks, restaurants, and anywhere with free cold air.

Bonus tip: if you work from home and NEPA strikes, make friends with that neighbour who always has a generator. Now is the time to bond.

Article content

4. Respect the Sun. Use Sunscreen

Yes, even Black people need sunscreen. The sun doesn’t care about melanin. It will roast anyone. If you’re going outside, protect your skin with sunscreen, hats, or umbrellas. Otherwise, you might come back looking like burnt toast.

5. Sleep Smart

If your bedroom feels like an oven at night, use light cotton sheets, keep windows open for cross-ventilation, and if you have an AC, enjoy the luxury. If not, place a bowl of ice in front of your fan for instant AC vibes.

6. Avoid Unnecessary Movement:

If it’s not urgent, stay indoors. This is not the time to be walking up and down in the sun like you’re rehearsing for hell fire. Reduce unnecessary movement, and if you must go out, plan your trips wisely. Erm… also, if you are entering public transport, find a seat near the window. That breeze is premium economy class for free. 7. Cold Showers Are Your New Best Friend

7. Forget hot showers:

This is the season for cold, refreshing baths. Take multiple showers if necessary; your skin will thank you. If water is scarce, just stick your feet in cold water. It helps cool your whole body. Also, if it’s unbearably hot, wet a light cloth and place it on your forehead for instant relief.

8.  Get Your Will Done While You’re at It

Look, Lagos heat is bad, but the real furnace is the family fight over property when there’s no Will. Suddenly, long-lost cousins appear, everybody remembers what you “promised” them, and your family group chat turns into a legal battlefield.

A Will ensures that your loved ones don’t have to battle it out like Big Brother contestants over your assets. Think of it like an AC for the future. It keeps things cool, calm, and collected. And guess what? You can change it anytime as your life changes.

Remember, a Will is not just for billionaires. Even if all you have is a plot of land, a car, and your legendary sneaker collection, you need one.

If this heatwave has taught us anything, it’s that life is unpredictable. Don’t leave things to chance. Stay hydrated, stay cool, and most importantly, our trust advisors are here to guide you every step of the way.

📞 Call: 02012715002

📧 Email: [email protected]

🌍 Visit: https://www.arm.com.ng/trustees/contact/

Start planning for the future today!

Top Reasons People Put Off Estate Planning (And Why You Should not)

Let’s be honest: thinking about death can make many of us uncomfortable—planning for it even more so. Many people believe that if they’re not married, don’t have children, or don’t own significant assets, there’s no need for estate planning. Others assume it’s something they can always handle “later.”

But here’s the truth: procrastinating on estate planning is a global issue. It doesn’t matter your location, culture, or religion, everyone faces this challenge. Yet, estate planning is one of the most important steps in protecting your financial legacy and ensuring your loved ones and wishes are cared for.

If you’ve ever enjoyed giving or take pride in providing for those you love, think of estate planning as the ultimate gifta way to secure peace of mind and show how much you care.

Why Do People Avoid Estate Planning?

Here are some common reasons people put it off and why you shouldn’t:

  1. “It’s Only for the Wealthy” Many assume estate planning is unnecessary unless they’re extremely wealthy. But estate planning is for everyone. It ensures your loved ones are cared for, protects your assets, and avoids unnecessary taxes or legal headaches.
  2. “I Have Plenty of Time” Some think they can postpone estate planning because they’re young or in good health. Life, however, is unpredictable. Starting now ensures your family won’t face unnecessary stress or legal hurdles if something unexpected happens.
  3. “It’s Too Complicated” The legal jargon and decisions can feel overwhelming, but it doesn’t have to be. At ARM Trustees, our professionals are here to make the process simple, breaking it into clear and manageable steps.
  4. “I Don’t Know Where to Start” Many feel unsure about how to begin, but starting can be as simple as identifying beneficiaries for existing accounts. For more complex areas, our team is ready to guide you every step of the way.
  5. “My Loved Ones Will Figure It Out” Assuming family members will handle everything amicably often leads to disputes and unnecessary stress. A clear estate plan eliminates uncertainty and potential conflicts.
  6. “I Don’t Want to Think About Death” Yes, confronting mortality is uncomfortable, but estate planning isn’t about focusing on death—it’s about ensuring security, peace of mind, and respect for your wishes.
  7. “It’s Too Expensive” The cost of estate planning may seem high, but it’s a small price compared to the emotional and financial toll on your family without a plan. Basic options, like drafting a will, are affordable and accessible.
  8. “I’ll Have to Keep Updating It” While updates are occasionally needed, most estate plans remain effective with minor adjustments. A solid plan saves time and stress in the long run.

Why Start Estate Planning Now?

Article content

An estate plan isn’t just about dividing assets—it’s about managing your affairs holistically. Here’s why you should act today:

  • Protect Your Legacy: Ensure your wishes are honored, from asset distribution to the guardianship of minors.
  • Provide Peace of Mind: Knowing your affairs are in order is an incredible stress reliever.
  • Minimize Taxes: Save your heirs from excessive estate or inheritance taxes.
  • Avoid Probate: Skip the costly and lengthy legal process for your family.

Without an estate plan, you risk leaving important decisions about your assets, healthcare, and loved ones in the hands of strangers. Don’t cede control of your affairs, secure your legacy instead.

Remember, procrastination can lead to unintended consequences. Don’t wait for a better time; the best time is now. Contact us today to start your estate planning journey and give your loved ones the ultimate gift of care and certainty.