Ensuring international best practices in the pension industry are observed by the operators in Nigeria.

The Pension Fund Operators Association of Nigeria is an independent, non-governmental and non-political body.
This organization was 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.

Our Numbers from inception to 30th September, 2022
9,792,486
CPS Contributors
₦ 1.08 Trillion
Lump Sum
559,444
Retirees
8 Billion
World Population
₦ 14.42 Trillion
Current AUM
25,654
Compliance Certificates

Vision

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

Mission

To be the central party that coordinates and harmonizes activities of the pension operators and pension industry in general to ensure that pensions has a positive effect on all stakeholders and the economy in general.

Our Values
(RIKIEE)

Icon respect
Respect
We respect everyone we come in contact with. We believe that everyone’s voice, opinion, and individuality counts, so we look for the best in everyone and every situation.
Icon Impact focused
Impact Focused
We understand our role as catalysts for economic and social development through our direct and indirect activities and we take this role very seriously.
Icon Knowledge driven
Knowledge-Driven
We are driven by the need to acquire knowledge to enable us to carry out our functions effectively and convey the same to those we come in contact with.
Icon Innovative
Innovative
We are always looking for better, faster, and simpler ways to deliver on our objectives and we believe that there is always a better and more creative way to get things done.
Icon Excellent
Excellent
We strive for world-class standards and outcomes in everything we do, we ensure that we deliver today better than we did yesterday. We believe in constant improvement.
Icon Entrepreneur
Entrepreneurial
We are resilient, efficient, and expansive in our thinking and approach to issues. We never give up and we consider the bottom line in everything we do.

The Executive Body

Meet our esteemed present executives​
Olumide Oyetan
President
Olumide Oyetan
President

Olumide joined Stanbic IBTC in 2000 and has served in different roles across the Group both within and outside Nigeria. Prior to his appointment as Chief Executive, Olumide was Executive Director, Investments. He was also Head Projects for Wealth, Africa Regions in 2017, as well as Head of Advisory Products for theStandard Bank Wealth and Investment business in South Africa.

 

Olumide served as the Chief Executive of Stanbic IBTC Asset Management between July 2009 –July 2015. Prior to that, he was an Executive Director in charge of InvestmentManagement for Stanbic IBTC Asset Management and acted as Head InvestmentManagement at Stanbic IBTC Pension Managers Limited where he oversaw various investment strategies and portfolios.

 

Olumide holds a Bachelor’s degree in Economics, Politics and Government from the University of Canterbury, United Kingdom as well as a Master of Science in Financial andCommercial Regulation from the London School of Economics and PoliticalScience.

Joy Ojakovo
Vice President
Joy Ojakovo
Vice President

Mrs Joy Ojakovo is a highly skilled professional with a wide experience in Management, logistics, warehousing and distribution, product design, business process optimisation. Interested in the evolution of online shopping (eCommerce) business. Excited about new possibilities and possibilities, like to think outside the box. Motivated by challenges - as well as by inspiring others.

Umar Mairami
Head of Technical Committee
Umar Mairami
Head of Technical Committee

Umar Sanda Mairami, HCIB, a 1985 B. Sc. Building graduate of Ahmadu Bello University, Zaria commenced his working career with Habib Nigeria Bank Limited as a Trainee Officer at the Yola branch of the bank on June 1, 1990. Since then, he has ventured into several aspects of banking covering Operations, Business Development & Marketing, Credit Management & Recovery, and Branch Management as well as Branch Operations Coordination at the Head Office.

He joined Intercity Bank Plc in 1999 as Executive Assistant to the Managing Director and doubled as head of Corporate Planning and head of Corporate Promotions departments. He was subsequently redeployed to oversee the Credit Administration Department of the Bank. In recognition of his versatility, Intercity Bank Plc redeployed him to the Training Department as head to enhance the skills of the workforce. Mr. Mairami eventually ended his career at Intercity Bank Plc as Deputy General Manager – Group Head, Corporate Services with supervision spanning over Human Resources, Administration, Financial Control and Information Technology departments. The banking reforms of 2004 resulted in Intercity Bank Plc fusing with eight (8) other banks to form Unity Bank Plc where Umar was appointed as its pioneer Head, Human Capital Management Department. After successfully integrating the human resources of the bank, he was redeployed to the Assets Remediation Department to manage hardcore loans and advances. He ended his five-year career at Unity Bank Plc as Divisional Head, Operations after serving in that capacity for two years.

Mr Mairami an Alumnus of Wharton School of the University of Pennsylvania United States, also obtained a Masters in Business Administration (MBA) from Ahmadu Bello University, Zaria and he is a member of Chartered Institute of Bankers.

He joined the pension industry on September 19, 2011, when he assumed duty as Executive Director at Legacy Pension Managers Limited. He has during his six-year service at Legacy Pension Managers Limited held the positions of Executive Director, Operations & Services as well as Executive Director, Business Development & Investments. These two positions afforded him the opportunity of direct supervision of both the market-facing and support departments. He also acted as Managing Director during the absence of the substantive Chief Executive Officer.

Godson Ukepvo
Head of Legal Committee
Godson Ukepvo
Head of Legal Committee

Godson Ukpevo holds a Masters’ degree in Banking and Finance from the University of Lagos, an MBA from the Enugu State University of Technology and a Bachelors’ degree in Sociology and Anthropology from the University of Benin.

He has worked in senior and executive management positions in various organizations across different sectors. These include Ecobank Nigeria Limited, First City Monument Bank, former Citizens International Bank and Clay Grounds Agro. Allied Company.

He has also played strategic roles in the reforms in the Nigerian Pension Industry in particular, the old Defined Benefit Scheme of the Federal Government as the pioneer Director and Head of the Civil Service Pension Department of the Pension Transitional Arrangement Directorate, PTAD

He has attended several trainings in financial management, sales and marketing, credit risk application and change management organized by top institutions like Citigroup Inc., INSEAD Business School, FitchLearning, Arthur Anderson & Co in New York, Fontainebleau, London and Lagos.

Lanre Idris
Head of Media Committee
Lanre Idris
Head of Media Committee

Lanre Idris is the current Managing Director & Chief Executive Officer of Leadway Pensure PFA Limited, one of the leading PFAs in the country. The company was licensed by the National Pension Commission, PenCom in 2005 as one of the pioneer PFAs in the Nigerian pension industry.

Prior to his appointment as Managing Director, he had served as the Executive Director/COO of the organization during which period, the company witnessed superlative growth. Lanre has also served in a number of senior management positions in other institutions. He was formerly the Chief Technology Officer (CTO), Prestel Communications Ltd, Benin and General Manager, Tehila Communications Ltd, Lagos. He has extensive experience in Leadership, Information Systems, Governance, Risk and Business Process management, and has participated in many local and international seminars in those subject areas.

He is an alumnus of the Obafemi Awolowo University, Ile-Ife and the University of Liverpool, from where he obtained a degree in Electrical and Electronic Engineering and Postgraduate diploma in Information Systems Management respectively. Lanre has undergone several certificate and Executive Education courses in Leadership, Strategy, Finance and Investment at various institutions including the Lagos Business School, London School of Economics and The Wharton College of the University of Pennsylvania.

He is a member of the Information Systems Audit and Control Association (ISACA), Institute for Operational Excellence (IOE), the Chartered Institute for IT and the International Institute for Business Analysis (IIBA).

Lanre has contributed his own part to the growth of the pension industry in Nigeria, having served on a number of industry committees including being the Chairman of the industry shared services committee.

He is passionate about sports and nature conservation, and he’s a lifelong fellow of the Nigerian Conservation Foundation (NCF).

Oloruntimilehin George
Treasurer
Oloruntimilehin George
Treasurer

Mr. Oloruntimilehin (Timi) George, is a seasoned banker with cognate experience spanning well over 25 years at various local and international banks; he assumed office as Managing Director/ Chief Executive Officer of First Pension Custodian Nigeria Limited in March 2020.

Prior to this, he served as Group Head, Financial Institutions and Multilaterals at First Bank of Nigeria Limited.

Timi has a background in Business Administration and holds an MBA in Strategic Management. He is an alumnus of the Lagos Business School and has a number of notable fellowships at institutions such as the Institute of Strategic Management, Institute of Brand Management and Institute of Credit Administration and is a Graduate Member, Nigerian Marketing Association, Associate Member, Nigerian Institute of Management, Member, National Association for Family Development (NEFAD), and Honorary Member, Chartered Institute of Bankers of Nigeria and is a Member of the Institute of Directors (IOD).

Since assuming office, he has brought his indefatigable zeal and passion for excellence to bear on the entire organization and has embraced the challenges that have come with the COVID-19 pandemic with the utmost sense of responsibility. He remains undeterred in his quest to leverage his track record of leadership and in-depth knowledge of financial markets to drive the organization's audacious growth plans. His vision is to revolutionize the pension industry by transforming customer experience by leveraging technology to drive business efficiency.

Timi is a music aficionado and an ardent lover of football; he enjoys reading and having robust debates about economic empowerment.

Oguche Agudah
CEO
Oguche Agudah
CEO

Oguche is currently the Chief Executive Officer (CEO) of the Pension Fund Operators Association of Nigeria (PenOp). In this role he leads the efforts of Nigeria’s pension industry in engaging regulators, the government, the media, financial markets and other stakeholders in order to ensure that the interests of the pension operators are protected and promoted and also in ensuring that the pension industry has a positive effect on National Development.

Oguche was previously Nigeria’s Regional Director for OurCrowd, a crowd funding and venture capital firm with headquarters in Israel. He was also previously the Chief Investment Officer/Executive Director of a growing integrated real estate and alternative asset management company

Prior to this, he worked as a Special adviser to Nigeria’s Minister of Industry, Trade and Investment. His portfolio was “Access to Finance”.  In this role, he advised on and implemented policies, strategies and programmes that could help to increase access to finance for Nigeria’s teeming entrepreneurs.

Prior to this, he worked with Standard Chartered Bank as an associate Director in their Lagos office, where he was in charge of the credit quality of a portfolio of assets worth USD 7 billion dollars.  This included various loan products and derivatives to banks, the government and sovereign owned enterprises (SOEs) in Nigeria.   In Standard Chartered, he had short term assignments in South Africa and London, working in the Risk management, Credit and Corporate Finance functions. In Standard Chartered Bank he held various roles spanning operations, Risk management & Credit, financial institutions and strategy.

He possesses a degree in Banking and finance (University of Lagos) and is a fellow of the Chartered Institute of Bankers Nigeria and an associate of the Chartered Institute of Stockbrokers Nigeria.

He is an avid writer and he has a column in some local and international mediums where he writes and advices on strategy, finance, entrepreneurship and emerging markets.

He is deeply involved in community work, as he mentors a group of volunteers, focusing on building global businesses and leaders out of Nigeria

He is a firm believer in Nigeria, married to his best friend and they have two boisterous children

He has been privileged to experience life as an entrepreneur, a policy maker and an employee in a world class organization operating in an emerging market. These varied experiences have enabled him to appreciate life and business from different perspectives arming him with a unique blend of the excellence of the private sector and the social impact objective of the public sector.

People of PenOp

Oguche Agudah
Chief Executive Officer
Oguche Agudah
Oguche Agudah
Chief Executive Officer

Oguche Agudah (fondly called "Mr Oguche") is mostly described as someone with a very calm personality, sometimes he is referred to as a professor and other times Mr. Nigeria. What keeps him going is the opportunity to make Nigeria better in everyway that he can. Oguche's father is his greatest inspiration and he is from Idah in Kogi state.

Oguche is a huge supporter of Manchester city and watching football is his hobby. If he was to have super powers, he would love to read minds and be able to shoot laser beams from his eyes. His favourite music genre is gospel/R&B. He honestly thought he would make it to the NBA when I was younger.

To start his day, he loves to meditate, think and pray. His favourite food is Pounded yam and Sea food Okro. His is an early riser and mornings are his favorite times of the day although he is okay to work at anytime during the day. Most time the team is always like, where does he get so much energy...

Oguche used to be a member of a music group in secondary school and he was the fastest guy in his class while he was in primary school but we do not know where all that speed has gone!

His best piece of advice was from his father: "The higher you go, the more humble you should be become" and his personal advice to his younger self and generation is "Don’t fret! Everything will work out well in the end"

Want to know more about Oguche?

Olayinka Akande
People & Training Lead
Olayinka Akande
Olayinka Akande
People & Training Lead

Olayinka Akande (fondly called "Yinka") is a wonderful team player who has strong aptitude for learning. Every now and then she is on the heads of every team member curious about what new development they have or are going to acquire. She is always seeking the growth and development of herself and those around her.

She is an indigene of Oyo state who loves working, learning, reading, listening to music or listening to podcast and her generousity level is just over the charts. If she is ever having a bad day and you want to make her happy, just get her chocolate. She loves chocolate so much.

She loves watching movies particularly epic movies and her best movie of all time is woman king. If she was to play a role in any movie it would be that of a King. Her favourite food is Pasta in cream sauce and this will do well every day for her.

Growing up she did not know what she wanted to become. She just wanted to grow up. Her favourite time of the day is 3am to 5am, this is when she has her highest energy. She is indifferent about taking tea or coffee.

Her advice to her younger self and generation is to "Invest in yourself! It will pay later".

Want to know more about Yinka?

Chidi Solomon
Finance & Compliance Lead
Chidi Solomon
Chidi Solomon
Finance & Compliance Lead

Chidi Solomon (fondly called "Chidi", A.K.A. GFO). He is a chartered account per excellence and has so much interest in technology and how it can be used to impact the world around him.

He loves to start his day with prayer and work in the early hours of the day so that he can relax very well in the later hours of the day. He loves to play chess and any other board game.

His favourite food is beans and plantain and he is so much of a team player.

Want to know more about Chidi?

Mayomikun Obadofin
Project Management Lead
Mayomikun Obadofin
Mayomikun Obadofin
Project Management Lead

Mayomikun Obadofin (fondly called "Mayo") brings fire to the team. She’s a coffee-lover and a huge fan of Pop and Alternative music. She’s also very much into docuseries and action movies.

She is passionate about global impact and the Sustainable development goals particularly SDG 10 and spends her time exploring new ways to make her life and the lives of those around her much better. Other times she enjoys being outdoor chilling with family or friends. No kidding, she is a huge vibe and would love to have telepathic powers in her next life.

Mayo LOVES food and her favourite is Jollof rice, peppered gizzard, chicken and salad with orange or pineapple juice. Her favourite time of the day is mornings because she has more motivation and great vibes to boosts her productive energy for the day.

Mayo’s advice to her younger self is that “People are going to tell you what you can and can’t do, but always remember that life is diverse and extravagant and for that reason, choose to live intentionally and on your own terms. Let your happiness come from within”.

Want to know more about Mayo?

Akinbola Akintola
Research & Investment Lead
Akinbola Akintola
Akinbola Akintola
Research & Investment Lead

Akinbola Akintola (fondly called "Akin") is a hard core Manchester United fan who loves to watch animation (anime). Members of the team love to refer to him as "Omo Ibadan", he is a true son of his fatherland. Akin is cool, calm and collected.

He loves Electronic dance music (EDM) and his favourite movie is Godfather part one. He can't seem to get over the opening scene of the movie, he says it is legendary.

He is the only member on the team that can take tea any day, any time. You barely find him posting his pictures on social media because he thinks that hackers will copy his details and use it against him one day.

But then, he is an efiko. And he would always advice people "not to overly concern themselves with things outside their control".

Want to know more about Akin?

Olajumoke Akinwa
Media, Branding & Communication Lead
Olajumoke Akinwa
Olajumoke Akinwa
Media, Branding & Communication Lead

Olajumoke Akinwa (A.K.A. Jumz). She is her own boss who owns her own business and she is a great cook. She is inspired by excellence, there is need for excellence in all areas of her life, so you have to be smart to be around her.


She is from ondo state with a degree in Mass communication and she loves pounded yam and egusi soup - you need to check out her vlog on this.

Her hobbies include cooking, watching movies & documentaries and creating content for the online space (Blogger extraordinaire). She wants to have a superpower where she can read the minds of people. She is a huge supporter of Manchester United.

The early mornings are her favourite time of the day. She says it is peaceful and quiet and that time of the day cannot be bought.

Her advice to her younger self is "to not be afraid to dream, because there is no impossiblity".

Want to know more about Olajumoke?

Harrison Egbudu
Project Management Support
Harrison Egbudu
Harrison Egbudu
Project Management Support

Harrison Egbudu (fondly called "Harry") is an excellent team player and the go-to person in the office for work related matters and chills. He is a amazing dancer who loves to break dance, listen to gospel drills and songs that generally have drill beats. He is a huge fan of Liverpool.

He bagged a degree in systems engineering and he loves to watch movies at his leisure time. He does not love animations but he can watch Avatar the last airbender every year.

He is from delta state and his close friends describe his a problem-solver, a cheerful giver and a very well collected person. If he were to have superpowers, he would want to have healing powers. His loves pounded yam with garnished egusi soup and party jollof rice with chicken.

Till date he is mostly inspired by his mom and his advice to the younger generation is to "stay true to themselves and never be afraid to fail as success is not final, failure is not fatal but it is the courage to continue that really matters".

Want to know more about Harry?

Eunice Akinboade
Human Resource & Admin Support
Eunice Akinboade
Eunice Akinboade
Human Resource & Admin Support

Eunice Akinboade (fondly called "Eunice") originally hails from Oyo state. She loves listening to music and loves watching animations. She bagged a degree in Accounting, a field she had always imagined to graduate from right from childhood.

Eunice is a very empathetic soul. She is very emotional and loves to take tea preferrably in the morning before starting her daily duties. She can read a document or an email over a 100 times before sending just to make sure it is accurate.

She is an introvert who would love to be able to read the minds of people and her best food is Indomie. If she could be in any movie, she would love to play a part where she gets to live happily ever after.

She loves to explore and feed her eyes with new things. Her advice to her younger self is that "People's opinion of who you are does not determine what you will be".

Want to know more about Eunice?

Oluchi Ugwu
Intern
Oluchi Ugwu
Oluchi Ugwu
Intern

Oluchi Ugwu (fondly called "Precious") brings a whole lot of vibe to the team and she loves dancing.

She bagged a degree in Political science and Religion. Fun facts about her is that she loves fried foods like fried chicken, fish and plantain but can not eat them because of allergies. She is a huge supporter of Manchester United and she is her on personal life instructor.


She hails from Enugu state and she is a wonderful Fashion Designer. To start her day, she takes a cup of water, does a 30 minutes stretch routine while singing as usual to herself or listening to music. She can take tea and coffee anytime during the day. She loves to exercise, play games and hangout with people dearest to her.

Her best piece of advice is "Stay true and honest to yourself. Don't try to impress anyone because the unhappiest people are those who care the most about what others think".

Want to know more about Precious?

Chukwuemeka Umeaku
Intern
Chukwuemeka Umeaku
Chukwuemeka Umeaku
Intern

Chukwuemeka Umeaku (fondly called "James") is a fun person and of course supports Liverpool FC (YNWA).

He loves to perform his activities in the morning as he is an early riser. He prefers to take tea to start his day and never likes to be caught unfresh. His favourite food is rice and beans.

He bagged a degree in Political science and has huge interest in politics. To start his day, he listens to devotional talks or read devotional books and exercise. He loves to play volleyball and listen to gospel songs.

Growing up, he wanted to become a lawyer and if he had superpowers, he would love to be a time traveller. His advice to people is to "Prioritize their happiness as your happiness dependent on you".

Want to know more about James?

Past Presidents of PenOp

Odutola Wale
Odutola Wale
2020 - 2022
Ronke Adedeji
Ronke Adedeji
2018 - 2020
Eguarekhide Longe
Eguarekhide Longe
2016 - 2018
Misbahu Yola
Misbahu Yola
2014 - 2016
Dave Udanu
Dave Udanu
2012 - 2014
Funsho Doherty
Funsho Doherty
2010 - 2012