Stanbic IBTC Pension CEO elected as President of PenOp

April 5, 2022 PensionNigeria

The Chief Executive Officer (CEO) of Stanbic IBTC Pension Managers Limited, Olumide Oyetan, has been elected as the new President of Pension Fund Operators Association of Nigeria (PenOp).

PenOp is an independent, non-governmental, non-political and non-profit making body established to promote the operations of the pension industry, provide for self-regulation and ensure that international best practices relating to the industry are observed by the operators registered in Nigeria.

Olumide’s election is part of the selection of a new executive committee for the body following the completion of the tenure of the current executive committee led by Wale Odutola, the Chief Executive Officer of ARM Pensions Limited.

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Other Executive Council members elected are: Joy Ojakovo (General Manager Progress Trust CPFA) elected as Vice President; Dapo Akisanya (CEO Tangerine Pensions PFA) elected as Head of Technical Committee; Godson Ukpevo (CEO Veritas Glanvills PFA) elected as Head of Legal Committee; Oloruntimilehin George (CEO First Pension PFC) re-elected as Treasurer and Idu (Okwuosa) Okeahialam (CEO Access PFC) elected as Head of Branding Committee.

Olumide and the new elected Executive Council members of PenOp are to head the affairs of PenOp for the next two years. Olumide said he and his team will consolidate on all the work done by the previous Executive Council. He also pledged to work in the interest of the industry, continue to promote the good work the industry is doing and proffer solutions to the challenges around pensions in the country. He further stressed that they will be counting on everyone’s support to take the industry to the next level.

Speaking on the change in leadership, the CEO of PenOp, Oguche Agudah said “This shows the commitment of the organisation towards continuity and sound Corporate Governance, while being committed to self-regulation. The new leadership will continue to work together towards ensuring that ultimately, the pension industry positively affects the lives of millions of Nigerians.

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