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New Director-General of PenCom assumes duty

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By Victoria Onehi

The newly appointed Director-General of the National Pension Commission (PenCom) Omolola Oloworaran, has assumed duty.

A statement by PenCom disclosed that the Director-General of the Commission,will serve in acting capacity pending her confirmation by the Senate, in line with the provisions of Section 26 (1) of the Pension Reform Act 2014. 

The statement reads in part:

“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 Fellow of the Association of Chartered Certified Accountants (ACCA), Omolola brings to PenCom over 20 years of experience in the financial services industry. She is an accounting graduate from the University of Ilorin and holds a Master of Business Administration (MBA) degree from the Manchester Business School. She has worked extensively in renowned investment and commercial banks in Nigeria until her current appointment.”

She takes over from Mrs Aisha Dahir-Umar who was Director General of the PenCom since October 2020 until Omolola Oloworaran appointment on 13th July 2024 by President Bola Tinubu.

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