The Managing Director/Chief Executive Officer of FCMB Pension Limited, Mr. Christopher Bajowa has been elected as the new President of Pension Fund Operators Association of Nigeria (PenOp).
His election follows the retirement of the previous PenOp President, and MD/CEO of Premium Pensions, Umar Mairami.
Mairami’s retirement as PenOp President created a vacuum in the position of the president, and this necessitated the election of a new President.
The Association announced that the process happened recently, noting that the new President would complete the term of the previous President, which would end in March 2026.
Christopher Bajowa was unanimously elected by his colleagues as the new President of PenOp.
In accepting the nomination, Mr. Bajowa said, he would continue to uphold the ideals of the industry, ensuring that the RSA holders are prioritized.
He also committed to continue the work of ensuring that pensions positively affect every aspect of Nigeria’s economy. He thanked his colleagues for electing him and committed to upholding the high standards expected of the role.
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.
