The Pension Fund Operators Association of Nigeria (PenOp) has elected Mr Christopher Bajowa, the Managing Director/Chief Executive Officer of FCMB Pension Ltd., as its new President.
The Chief Executive Officer of PenOp,
Mr Oguche Agudah, said on Thursday in Lagos that Bajowa was unanimously elected by his colleagues.
Aguda explained that the new president’s election followed the retirement of the previous PenOp President, Mr Umar Mairami, who was also the MD/CEO of Premium Pensions.
Agudah noted that the vacuum in the position of the association’s president occasioned by Mairami’s retirement necessitated the need to elect a new president.
He added that Bajowa would complete the term of the previous president, which will end in March 2026.
According to him, the smooth transition shows the strong governance process within the association and the commitment to sound leadership and respectful relationships between the pension operators.
The PenOp CEO mentioned that the move was geared towards the overall aim of ensuring that every Nigerian benefitted positively from the pension industry.
He said: “in this 20th year anniversary of the pension industry, it is evident that the pension industry has positively touched many aspects of Nigeria’s life.
“These range from the public fiscal management, equity market to infrastructure development, and the industry is primed to do more in the coming years.
In his acceptance speech, Bajowa thanked his colleagues for electing him, while assuring them of upholding the high standards expected of his role.
He pledged to uphold the ideals of the pension industry and to ensure that the interests of the Retirement Savings Account (RSA) holders are prioritised.
The PenOp president also expressed his commitment to continue working towards ensuring that the pension industry positively affected every aspect of Nigeria’s economy.
