By Victor AhiumaYoung

There are strong indications that a new lease of life is imminent in the National Pension Commission, PenCom as the new Director-General of the Commission, Omolola Oloworaran,has assumed duties.

Though she is to serve in acting capacity pending her confirmation by the Senate, in line with the provisions of Section 26 (1) of the Pension Reform Act 2014. 

Her confirmation is expected to be seamless judging from her pedigree and among others, would explore new frontiers in the implementation of the Contributory Pension Scheme, CPS, by sustaining pension assets on the growth trajectory, ensuring increased CPS membership and( supporting coverage expansion initiatives.

A statement by the management of the commission, noted that the new Director General “is committed to the expeditious payment of retirement benefits while deepening the pension investment horizon for enhanced returns to contributors and retirees.”  She is a Fellow of the Association of Chartered Certified Accountants,  ACCA, and Omolola will definitely bring to PenCom over 20 years of experience in the financial services industry.

The statement added that “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.”