New PenCom DG assumes duty, plans to sustain pension growth

The newly appointed Director-General of the National Pension Commission (PenCom), Omolola Oloworaran has assumed duties with a pledge to explore new frontiers in the implementation of the Contributory Pension Scheme (CPS).

He said his focus will be on sustaining pension assets on the growth trajectory, ensuring increased CPS membership and supporting coverage expansion initiatives.

In a statement by PenCom, she expressed her commitment to the expeditious payment of retirement benefits while deepening the pension investment horizon for enhanced returns to contributors and retirees.

Her service is in an acting capacity pending her confirmation by the Senate, in line with the provisions of Section 26 (1) of the Pension Reform Act 2014.

Omolola, who is a Fellow of the Association of Chartered Certified Accountants (ACCA), brings to PenCom over 20 years of experience in the financial services industry.

She is an accounting graduate from the University of Ilorin and holds a Master of Business Administration (MBA) degree from the Manchester Business School.

She has worked extensively in renowned investment and commercial banks in Nigeria until her current appointment.