The Managing Director/Chief Executive Officer of Premium Pension Limited, Umar Mairami, has been elected as the new President of Pension Fund Operators Association of Nigeria (PenOp). He takes over from Olumide Oyetan, whose tenure as President ended on March 31, 2024. Olumide had been the president of the industry association for two years, having been elected in 2022.

In an online ceremony held recently, the new President, alongside the newly elected executives took their oath of offices, pledging to carry on the ideals of the association and work to ensure harmonious relationship within the industry and to continue to maintain high standards of ethics and integrity within the industry.

In addition to the election of Umar Mairami as President of the Association, there were other executives that were either newly elected or re-elected to serve a two-year term as members of the executive committee of PenOp.

The Vice President was re-elected in the person of Joy Ojakovo, who is also the General Manager of Progress Trust Closed Pension Fund Administrator.

The Head of Legal and Regulatory was also re-elected in person of Godson Ukpevo, the MD/CEO of Veritas Glanvills Pensions Limited.

A New treasurer of the association was also elected in the person of Peters Eledu who is the MD/CEO of Zenith pensions Limited.

A new head of Media, branding and communication in the person of Donald Onuoha, who is also the MD/CEO of Fidelity Pensions Managers Limited was elected.

The Executive team will be in place for the next two years and they will work alongside the current CEO of PenOp to steer the affairs of the association.

Speaking on the elections and handover, The Chief Executive Officer of PenOp, Oguche Agudah, said “times of transitions and elections can be challenging within the life of an association if not handled well, but we have put in place mechanisms to ensure that it’s smooth, seamless and the strategic direction of the industry is preserved based on a shared commitment.”

Speaking on his election, Umar Mairami said he appreciated his colleagues for electing him and the other executive members, while pledging to work with all stakeholders to ensure that the industry keeps growing and keeps impacting the lives of Nigerians positively.