UPDC REIT EGM: SFS Capital Replaces Stanbic as Fund Manager

UPDC REIT has summoned unitholders to an Extraordinary General Meeting on 6 May 2026 to ratify governance changes, including the SEC-approved replacement of Stanbic IBTC Asset Management with SFS Capital Nigeria Limited as Fund Manager. These amendments touch the Trust Deed and two management agreements, signalling a meaningful shift in who steers this listed real estate vehicle.