By Ben Nsemo
The Senate on Thursday confirmed the appointment of Omolola Oloworaran as the Director-General of the National Pension Commission (PENCOM). Her nomination by President Bola Ahmed Tinubu received approval following the consideration of the report presented by the Senate Committee on Establishment and Public Service.
During the plenary session, the Chairman of the Committee, Senator Cyril Fasuyi, stated that Oloworaran met the requirements stipulated under sections 19 (2), (5)(6), and 26 of the Pension Reform Act-2014, Act No. 4.
Fasuyi noted that there were no adverse security reports or petitions against the nominee. “The nominee has satisfied the requisite requirements and is affirmed to be qualified, fit, and proper for appointment as the Director-General of the National Pension Commission,” he said.
The Deputy Senate President, Barau Jibrin, who presided over the session, put the Committee’s recommendation to a voice vote, which received unanimous approval from the lawmakers.
Credentials and Experience
Omolola Oloworaran holds an accounting degree from the University of Ilorin and an MBA from Manchester Business School. A Fellow of the Association of Chartered Certified Accountants (ACCA), she has over 20 years of experience in the financial services sector.
Oloworaran has held leadership roles in prominent Nigerian banks, including FirstBank Nigeria, where she served as Head of Transaction Banking Operations, and Stanbic IBTC, where she led the International Business Center. Additionally, she worked as a Consultant with FDHL Group.
Her extensive experience and qualifications are expected to drive transformative reforms at PENCOM, enhancing Nigeria’s pension system.
