Tinubu appoints new PenCom DG, names Faleye MD NSITF

President Bola Tinubu has appointed Omolola Oloworaran as the Director-General (DG) of the National Pension Commission (PenCom).

Tinubu also appointed Oluwaseun Faleye as the Managing Director and the Chief Executive Officer of the Nigeria Social Insurance Trust Fund (NSITF).

In a statement issued on Saturday by the special adviser to the president, media, and publicity, Ajuri Ngelale, said Oloworaran’s appointment is subject to the confirmation of the senate.

Ngelale described her as a finance and banking expert with many years of experience.

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“The President 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,” he said.

In another statement announcing the appointment of Faleye, the spokesperson said he is a legal and corporate finance specialist.

Ngelale said Tinubu also appointed Mojisolaoluwa Alli-Macaulay as the executive director (operations) of the NSITF.

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“Mrs. Alli-Macaulay is a former lawmaker and former Chairperson of the Lagos State House of Assembly Committee on Women Affairs, Poverty Alleviation, and Job Creation,” the spokesperson said.

Ngelale said President Tinubu anticipates a comprehensive re-positioning of the NSITF for enhanced social protection and qualitative service delivery to Nigerians.

President Bola Tinubu on Saturday sacked Aisha Dahir-Umar as the Director General National Pension Commission (PenCom).

No reason was given for the sack.

Oloworaran’s journey in the financial sector is marked by significant roles at leading financial institutions, reflecting her expertise and leadership acumen.

Prior to her PenCom appointment, she was a key figure at FirstBank Nigeria, serving as the Head of Transaction Banking Operations since June 2019 according to information contained in her Linkendin Profile.

However, her profile on First Bank suggest she is currently a Deputy General Manager, Group Head, First Shared Services.

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