Who We Are
Alvac Company Limited (Alvac) was founded in Nigeria on June 24, 2002 to promote the provision of Cash In Transit Services in Nigeria. After obtaining all the necessary approvals, we became fully operational in August 2004. Alvac Company Limited was founded by a Consortium of institutional direct and indirect investors that includes Diamond Bank Plc, Stanbic IBTC, First Bank Plc, Capital Alliance Private Equity Limited, Mauritius (CAPEM), Capital Alliance Private Equity (CAPEM), SME Partnership (SMEP), SME 11 Partnership (SME 11), Leadway Assurance and Securicor now part of G4S, a multi-national Cash Management firm. Alvac Company Limited signed a commercial management agreement with G4S Nigeria, to provide technical assistance to the company. G4S Nigeria is part of G4S International, a UK based company that operates in about 100 countries with over 500,000 employees making them one of the world’s largest security providers. We utilize a fleet of approximately 150 armored vehicles to provide cash handling services to financial institutions and commercial/retail businesses in Lagos, Abuja, Jos, Kano, Kaduna, Asaba / Onitsha, Warri, Benin City, Enugu and Port Harcourt with footprints in all the six (6) geo-political zones of Nigeria.
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