The Senate on Thursday confirmed the appointment of Bridget Omolola Oloworaran as Director-General of the National Pension Commission (PENCOM).
The confirmation followed the consideration and adoption of the report of the Senate Committee on Establishment and Public Service during plenary.
The committee said it screened Oloworaran and found her worthy of the position.
Chairman of the Committee Senator Cyril Fasuyi, said Oloworaran met the legal requirements specified under Sections 19 (2), (5), (6), and 26 of the Pension Reform Act 2014 (Act No. 4) for appointment to the position of Director-General of the National Pension Commission.
He added that the committee had established both in fact and law that the nominee had satisfied the requisite requirements and was “a qualified, fit, and proper person suitable for appointment as Director-General of the National Pension Commission.”
Her nomination was approved on the floor with an overwhelming majority voice vote.
Omolola Oloworaran was appointed Director General, National Pension Commission (PenCom) by President Bola Tinubu in July, 2024.
She assumed the role in acting capacity pending the conclusion of confirmation processes by the Nigerian Senate, as required by the Pension Reform Act 2014.
A strong advocate of innovation and process reengineering, Oloworaran brings to PenCom over 20 years of experience in the financial services industry. This illustrious career, which commenced at Citibank, saw her traverse other renowned Firms including Renaissance Capital, FDHL Consulting, Stanbic IBTC Bank and First Bank where she served as the Group Head of First Shared Services.
A Fellow of the Association of Chartered Certified Accountants (ACCA) and member of the Chartered Institute of Securities & Investment (CISI), Oloworaran is an accounting graduate from the University of Ilorin.
She holds a Master of Business Administration (MBA) degree from the Manchester Business School and has also participated in the Transforming Business Using AI (TBAI) Programme at the renowned INSEAD Business School in France.
Oloworaran is poised to 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.
She is committed to the expeditious payment of retirement benefits while deepening the pension investment horizon for enhanced returns to contributors and retirees. A key priority of her leadership at PenCom is to renew impetus on improved collaboration within the pension industry.
Just last month, she had pledged to ensuring the well-being of the elderly in Nigeria. During a visit to Amazing Grace Foundation, an elderly people’s home in Abuja, Oloworaran, highlighted the importance of recognising and supporting the contributions of elderly generations.
The visit was part of activities held by PenCom to commemorate the 2024 Customer Service Week. PenCom’s dedication to senior citizens reflects its broader commitment to the well-being of retirees.
The visit aimed to engage with elderly residents at the home and offer a token donation to support their welfare.
Oloworaran said PenCom would continue to support the future of workers and honour the legacy of the elderly.
She expressed deep gratitude for the role the elderly generation has played in nation building. PenCom Acting DG said, “It is because of you that we are here today. At PenCom, we believe in building a system that cares for every generation. It is not only about securing the future but also about respecting and honouring the legacy of those that came before us.”
Ms. Oloworaran spoke warmly about the value and wisdom that elders bring to society. She stressed that their contributions must be recognised and supported, adding, “The work that you did is the reason we are standing here today. You are a very important part of the society to us.”
With Overwhelming Voice Vote, Senate Confirms Oloworaran As PENCOM DG is first published on The Whistler Newspaper