By Sola Alabadan
The Pension Fund Operators Association of Nigeria (PenOp) has elected Mr. Christopher Bajowa, the Managing Director/Chief Executive Officer FCMB Pension Limited as the new President of the body.
This followed the vacuum in the position created by the retirement of the previous PenOp President and MD/CEO of Premium Pensions, Umar Mairami.
Bajowa, who was unanimously elected by his colleagues as the new President of PenOp, will complete the term of the previous President, which will end in March 2026.
In accepting the nomination, Bajowa said that he will continue to uphold the ideals of the industry, ensuring that the Retirement Savings Account (RSA) holders are prioritised.
He also promised to continue the work of ensuring that pensions positively affect every aspect of Nigeria’s economy, even as he vowed to uphold the high standards expected of his new position.
Speaking on the election, the Chief Executive Officer of PenOp, Oguche Agudah said the smooth transition shows the strong governance process within the association and the commitment to sound leadership and respectful relationships between the pension operators geared towards the overall aim of ensuring that every Nigerian benefits positively from the pension industry.
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, ranging from the public fiscal management, equity market, infrastructure development and the industry is primmed to do more in the coming years.
