The Senate has confirmed the appointment of Ms Omolola Oloworaran as the Director-General (D-G) of the National Pension Commission (PenCom).
This is contained in a statement issued on Thursday by the Head, PenCom, Corporate Communications, Mr Ibrahim Buwai in Abuja.
He said that the confirmation follows the consideration and adoption of the report of the Senate Committee on Establishment and Public Service at plenary.
According to him, Omolola is poised to explore new frontiers in the implementation of the Contributory Pension Scheme (CPS) by sustaining pension assets on the growth trajectory,
Buwai said that the aim was to ensure increased CPS membership and supporting coverage expansion initiatives.
He said that the D-G was committed to the expeditious payment of retirement benefits while deepening the pension investment horizon for enhanced returns to contributors and retirees.
Buwai said that the priority of her leadership at PenCom was to renew impetus on improved collaboration in the pension industry.
He said that she had more than 20 years’ experience in the financial services industry, adding that she was also a strong advocate of innovation and process reengineering.
BRANDECONOMY recalls that she was appointed in July in acting capacity pending confirmation by the senate as required by the Pension Reform Act 2014.
A press statement issued by Ajuri Ngelale, the then Special Adviser to the President on Media and Publicity described the nominee as “finance and banking expert with many years of experience”.
The statement added that: “While the appointment is subject to the confirmation of the Nigerian Senate, the presidency anticipates a goal-oriented leadership to drive efficiency and superlative performance in the National Pension Commission as the prime regulator of the Nigerian Pension Industry.”
However, some legal experts observed that the nominee did not possess the minimum requirement of 15 years cognate experience in the pension arm of the financial sector.
The Senate confirmation of Omolola Oloworaran as the Director-General (D-G) of the National Pension Commission (PenCom). has however put paid to that.
