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  • Senate confirm Oloworaran as PenCom DG

    Senate confirm Oloworaran as PenCom DG

    The Nigerian Senate has confirmed the appointment of Ms Omolola Oloworaran  as the Director General of the National Pension Commission (PENCOM), The Nation has learnt.

    According to PenCom in a statement, the confirmation follows the consideration and adoption of the Report of the Senate Committee on Establishment and Public Service during today’s plenary.

    It would be recalled that President Bola Ahmed Tinubu had earlier requested the Senate to confirm the appointment.

    Omolola Oloworaran was appointed Director General of PenCom in July, 2024.

     She assumed the role in acting capacity pending the conclusion of confirmation processes by the Nigerian Senate, as required by the Pension Reform Act 2014. 

    A strong advocate of innovation and process reengineering, Omolola brings to PenCom over 20 years of experience in the financial services industry. This illustrious career, which commenced at Citibank saw her traverse other renowned Firms including Renaissance Capital, FDHL Consulting, Stanbic IBTC Bank and First Bank where she served as the Group Head of First Shared Services.

    Read Also: PenCom targets informal sector in new plan

    A Fellow of the Association of Chartered Certified Accountants (ACCA) and member of the Chartered Institute of Securities & Investment (CISI), Omolola is an accounting graduate from the University of Ilorin. She holds a Master of Business Administration (MBA) degree from the Manchester Business School and has also participated in the Transforming Business Using AI (TBAI) Programme at the renowned INSEAD Business School in France.

    Omolola is poised to explore new frontiers in the implementation of the Contributory Pension Scheme (CPS) by sustaining pension assets on the growth trajectory, ensuring increased CPS membership and supporting coverage expansion initiatives. She is committed to the expeditious payment of retirement benefits while deepening the pension investment horizon for enhanced returns to contributors and retirees. A key priority of her leadership at PenCom is to renew impetus on improved collaboration within the pension industry.

  • JUST IN: Senate confirms Omolola Oloworaran as DG PENCOM

    JUST IN: Senate confirms Omolola Oloworaran as DG PENCOM

    The Senate on Thursday, November 21, approved President Bola Ahmed Tinubu’s nomination of Omolola Oloworaran as the Director General of the National Pension Commission (PENCOM).

    The resolution followed the Senate’s review and adoption of the report presented by its Committee on Establishment and Public Service during plenary.

    Read Also: Oloworaran restates PenCom’s commitment to elderly people’s welfare

    Senator Cyril Fasuyi, the committee’s chairman, delivered the report.

  • Behold Oloworaran, new PenCom DG

    Behold Oloworaran, new PenCom DG

    The new Director-General, National Pension Commission (PenCom), Ms. Omolola Bridget Oloworaran, is a financial expert with many years of experience.

    She was until her appointment by President Bola Tinubu a banker.

    Ms Oloworaran takes over from Mrs. Aisha Dahir-Umar, who initiated and completed various reforms.

    Before her appointment, Ms Oloworaran was at FirstBank Nigeria, where she served as the Head of Transaction Banking Operations since June 2019 and a Deputy General Manager, Group Head, First Shared Services.

    Earlier, Oloworaran worked at Stanbic IBTC, leading the International Business Centre, managing international banking operations and cultivating global business relationships. Her role as Head of Global Market Operations from November 2013 to January 2016 further demonstrated her capability in managing complex financial systems and operations.

    Read Also: Tinubu appoints Oloworaran as PenCom DG

    She served at FDHL Group as a consultant from May to November 2013, offering strategic insights and solutions. Her earlier career includes tenure at Renaissance Capital, where she served in various capacities, including Finance Manager and Senior Specialist, from March 2008 to April 2013.

    Her foundational years in the sector were shaped by her role at Citigroup, where she was involved in Treasury Operations from June 2004 to March 2008.

    Special Adviser to the President Media and Publicity Ajuri Ngelale, stated that Ms. Oloworaran’s appointment is subject to the Senate’s confirmation. He said the President anticipates a goal-oriented leadership to drive efficiency and superlative performance in PenCom as the prime regulator of the pension industry.