Senate okays Omolola Oloworaran as PENCOM DG

The Senate has approved the nomination of Omolola Oloworaran as the substantive Director-General of the National Pension Commission (PENCOM).

President Bola Tinubu had nominated Oloworaran for the position and sought Senate approval through a formal request.

Her confirmation followed the adoption of a report by the Senate Committee on Establishment and Public Service, presented during Thursday’s plenary session.

The committee’s chairman, Senator Cyril Fasuyi (APC, Ekiti North), stated that Oloworaran met all legal and professional requirements as outlined in the Pension Reform Act 2014. He emphasized that she fulfilled the criteria stipulated under sections 19(2), (5), (6), and 26 of the Act, qualifying her for the role.

“The nominee has demonstrated competence and meets the legal prerequisites for this position. The committee finds her to be a fit and proper person for appointment as Director-General of PENCOM,” Senator Fasuyi said.

During the session, Deputy Senate President Barau Jibrin put the committee’s recommendation to a voice vote, which received overwhelming support from the senators.

Oloworaran’s confirmation ensures continued leadership at PENCOM, an agency critical to Nigeria’s pension administration and reform initiatives.