Senate confirms Omolola Oloworaran as PenCom DG

The Senate has confirmed the appointment of Ms. Omolola Oloworaran as the Director-General (D-G) of the National Pension Commission (PenCom).

The confirmation, announced in a statement on Thursday by the Head of PenCom’s Corporate Communications, Mr. Ibrahim Buwai, follows the Senate’s consideration and adoption of the report from the Senate Committee on Establishment and Public Service.

According to Buwai, Oloworaran is set to explore new avenues for advancing the Contributory Pension Scheme (CPS), with a focus on sustaining the growth of pension assets and expanding membership and coverage.

She is also committed to the swift payment of retirement benefits and enhancing the pension investment landscape to yield better returns for contributors and retirees alike.

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Buwai further emphasized that her leadership would prioritize strengthening collaboration within the pension industry. Oloworaran, who brings over 20 years of experience in the financial services sector, is known for her advocacy for innovation and process reengineering.

Ms. Oloworaran was initially appointed in July on an acting basis, pending Senate confirmation as mandated by the Pension Reform Act of 2014.