Stanbic IBTC PFA CEO, Olumide Oyetan, new president of PenOp

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By Favour Nnabugwu


The Pension Fund Operators Association of Nigeria (PenOp) has elected Olumide Oyetan as its new president for the next two years

Olumide takes over from Wale Odutola; the Chief Executive Officer of ARM Pensions

Olumide, who also the Chief Executive Officer of Stanbic IBTC PFA was elected unanimously by his colleagues to emerge as the new president of the umbrella body of all Pension Fund Administrators in the country

In an online ceremony, Olumide, while accepting the new office, thanked the outgoing President for passing on the baton and for all the work done during his tenure. He promised that the incoming Executive Council will consolidate on all the previous work done.

He also pledged to work in the interest of the industry, continue to promote the good work the industry was doing and proffer solutions to the challenges around pensions in the country.

The new president further stressed that his administration will be counting on everyone’s support to take the industry to the next level.

Other Executive Council members sworn in were: 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 Okeahialam (CEO Access PFC) elected as Head of Branding Committee.

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 to towards ensuring that ultimately, the pension industry positively affects the lives of millions of Nigerians, Ogudah added

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