PenCom’s Acting Director Assumes Office
By Patience Ikpeme
The National Pension Commission (PenCom) has announced the assumption of office by the newly appointed Acting Director-General, Mrs. Omolara Oloworaran. This announcement was made in a press statement issued by the Commission on Thursday in Abuja.
Mrs. Oloworaran, described as ready to elevate the Commission’s operations, will focus on enhancing the Contributory Pension Scheme (CPS). “Mrs. Omolara Oloworaran has assumed duties at the Commission, to 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 read.
A seasoned professional, Mrs. Oloworaran is a Fellow of the Association of Chartered Certified Accountants (ACCA) and brings over 20 years of experience in the financial services industry to her new role at PenCom. She is an accounting graduate from the University of Ilorin and holds a Master of Business Administration (MBA) degree from the Manchester Business School. Her extensive career includes significant roles in renowned investment and commercial banks in Nigeria.
In her new position, Mrs. Oloworaran aims to explore new frontiers in the implementation of the CPS, focusing on sustaining the growth trajectory of pension assets, increasing CPS membership, and supporting coverage expansion initiatives. Her commitment extends to ensuring the expeditious payment of retirement benefits and deepening the pension investment horizon to enhance returns for contributors and retirees.
Mrs. Oloworaran’s appointment marks a new chapter for PenCom, with expectations high for continued improvements and innovations in Nigeria’s pension administration. Her extensive experience and strategic vision are anticipated to drive the Commission forward, benefiting millions of contributors and retirees across the country.
