New PenOp President To Drive Pension Penetration

The newly elected president of the Pension fund Operators Association of Nigeria(PenOp), Umar Mairami has promised to embark on laudable initiatives to deepen pension penetration and awareness in the country.
Mairami, who is also the managing director/chief executive officer of Premium Pension Limited, said he recognises the need to increase pension acceptance both in public and private sectors through enhanced awareness and partnership with relevant stakeholders, saying his administration will continue from where his predecessors left it.

He takes over from Olumide Oyetan, whose tenure as President ended on March 31, 2024, after he was voted in by his colleagues.
Olumide had been the president of the industry association for 2 years, having been elected in 2022. In an online ceremony held recently, the new President, alongside the newly elected executives took their oath of office, pledging to carry on the ideals of the association and work to ensure harmonious relationships within the industry and to continue to maintain high standards of ethics and integrity within the industry.

In addition to the election of Umar Mairami as president of the association, there were other executives that were either newly elected or re-elected to serve a two-year term as members of the executive committee of PenOp.

Joy Ojokovo was re-elected as the vice president , who is also the general manager of Progress Trust Closed Pension Fund Administrator. The head of Legal and Regulatory was also re-elected in person by Godson Ukpevo, who is the MD/CEO of Veritas Glanvills Pensions Limited. A New treasurer of the association was also elected in Peters Eledu who is the MD/CEO of Zenith pensions Limited.

A new head of Media, branding and communication is Donald Onuoha, who is also the MD/CEO of Fidelity Pensions Managers Limited.

The executive team will be in place for the next two years and they are to work alongside the current CEO of PenOp to steer the affairs of the association.

Speaking on the elections and handover, the chief executive officer of PenOp, Oguche Agudah said, times of transitions and elections can be challenging within the life of an association if not handled well, “but we have put in place mechanisms to ensure that it’s smooth, seamless and the strategic direction of the industry is preserved based on a shared commitment.”