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

The Pension Fund Operators Association of Nigeria (PenOp) is the trade association and umbrella body of all licensed pension funds in Nigeria. It is an impact focused organization and a market building enterprise that was established to promote the operations of the pension industry in Nigeria, provide for self-regulation, and ensure that international best practices relating to the industry are observed by the operators registered in Nigeria. It engages with various stakeholders to ensure that the pension industry has a positive impact on the operators, the contributors and the economy as a whole.

Our Numbers from inception to February, 2026
11,040,227
CPS Contributors
₦ 2.22 Trillion
Lump Sum
844,000
Retirees
235.6 Million
Nigeria's Population
₦ 27.45 Trillion
Current AUM
40,000
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​
Christopher Bajowa
President
Christopher Bajowa
President

Christopher Bajowa has over 18 years experience in banking and business consultancy. He holds a BSc. in Economics and Politics (1989), an MSc. in Maritime Studies (1991), as well as an MBA (1992) all from the University of Wales, United Kingdom. He also holds a distinction from Duke University, USA for the project appraisal and risk program (2011). He has held many senior positions in top tier Nigerian banks, spearheading investment efforts in key sectors of Nigeria’s economy, as well as executing international expansion initiatives in global money centres.

His banking career commenced in 1995 at the Nigeria Industrial Development Bank (NIDB) now Bank of Industry (BOI) as a Senior Investment Officer. His banking experience includes corporate and project finance, structured trade finance, international banking, relationship management, marketing, investments as well as business development at various times at Diamond Bank Plc (Group Head, Project and Specialized Finance Group), Access Bank Plc (Group Head, Corporate Finance), PlatinumHabib Bank Plc and Keystone Bank Limited (Group Head, Global Finance Institutions).

After a career in banking, He moved into business consultancy with Plas Pamir Investment Company Limited (2011) as principal partner. He subsequently resigned in October 2013, to take up a position as Executive Director at FCMB Pensions Limited on 13th November, 2013; a position he held until his appointment as Ag. Managing Director & CEO effective January 25, 2021.

He was appointed as Managing Director and CEO effective October, 2021.

He is a member of various professional associations and social clubs including the Association of MBA’s (AMBA), United Kingdom, Ikoyi Club 1938, Lagos, IBB Golf Club, Abuja and the Lagos Polo Club. He enjoys photography and is a sports enthusiast.

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.

Godson Ukpevo
Head of Legal Committee
Godson Ukpevo
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.

Donald Onuoha
Head of Media Committee
Donald Onuoha
Head of Media Committee

Donald Onuoha is a graduate of Chemical Engineering from the Institute of Management and Technology, Enugu. He holds a master’s degree in Business Administration from the University of Uyo. Donald has attended several courses in renowned business schools across the globe. He holds a certificate in financial planning from Florida State University, United States. He attended the AMP Global Module at IESE Business School Barcelona and Advanced Management Program (AMP 39) of the prestigious Lagos Business School in 2023. Donald is a Certified Wealth Management Professional (CWMP), a member of Chartered Institute of Directors of Nigeria (IOD) and member Ikoyi Club 1938.

Donald started his career with Dubcom Limited as business development manager in 2004. He has held strategic leadership positions in ARM Pension Managers and Pensions Alliance Limited between 2006 and 2018. He joined Fidelity Pension Managers in 2018 as Head of Business Development. He was appointed Executive Director in 2021 and Managing Director and CEO in February 2022.

Ehis Uzenabor
Head of Technical Committee
Ehis Uzenabor
Head of Technical Committee

Mrs. Adetoun Dosunmu is the Managing Director of Guaranty Trust Pension Managers Limited (GTPension), initially taking on the role in an interim capacity in January 2023 before being officially appointed in April of the same year. With 24 years of cognitive experience, she has expertise in various treasury functions including Fixed Income Securities, Assets & Liability Management, Foreign Currency Trading, and Derivatives.

Mrs. Dosunmu began her career in 1999 at Fortune Bank, working in Private Banking and the Treasury division of the bank. In 2002, she transitioned to First Securities Discount House Ltd (FSDH), serving as a Dealer in the Treasury department. She later joined UBA in 2007 where she held senior roles including Head, Fixed Income Trading, under Treasury.

Prior to joining GTPension, she was the Group Head, Fixed Income, Currencies, Treasury, Correspondent Banking and Sales at FBNQuest Merchant Bank. She was also an Executive Director at FBNQuest Asset Management Ltd. Additionally, has served as the President of the Financial Markets Dealers Association (FMDA) and represented FMDA as a Non-Executive Director on the Board of FMDQ Depository Ltd.

Mrs. Adetoun Dosunmu holds a degree in Economics from the University of Ibadan (1997), and obtained a Post Graduate Certificate in Business Administration from the University of Warwick, UK (2015). She is a member of the Institute of Directors and has completed professional courses at prestigious institutions including the Wharton Business School

Peters Eledu
Treasurer
Peters Eledu
Treasurer

Mr. Peters Eledu, Managing director of Zenith Pensions Custodian Limited, is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), a Fellow of the Chartered Institute of Stockbrokers (CIS), Chartered Institute of Taxation of Nigeria (CITN), as well as Honourary Senior member Chartered Institute of Bankers of Nigeria (CIBN). He is also a member of the Chartered Institute for Securities and Investment, (CISI) London and an alumnus of the Said Business School, University of Oxford.

He holds a B.Sc degree in Economics and M.Sc in Economics, both from the University of Lagos, Akoka. Mr Eledu is on-boarded with over thirty-six (36) years cognate experience majorly in the Financial service industry in different roles and functions.

He started his career with Hoesch Pipe Mills (Nigeria) Ltd as an account officer and later moved to other reputable organisations like Central Bank of Nigeria as an Assistant Economist. Subsequently he has worked in various Banks and financial institutions such as Societe Bancaire Nigeria Limited (Merchant Bankers), Manny Bank Plc, Gateway Bank Plc, Continental Trust Bank/Standard Trust Bank Group, and the Institutional Investors Nigeria Limited Group in various units such as internal control & audit, strategic planning, Portfolio management, Credit appraisal & analysis, business development and Branch Management..

He started his career in Zenith bank in Internal Control & audit unit where he displayed unparalleled leadership in formulation of polices, audit, inspection and control functions and thereafter as Group and Zonal Heads in various branches and zones of the Bank such as Isolo, Apapa, Apapa 2 Zone (Trinity) and Marina Zone. He is versed in human, financial and material resource management as well as endowed with broad knowledge of executive management.

People of PenOp

Anthonia Ifeanyi-Okoro
Chief Operating Officer
Anthonia Ifeanyi-Okoro
Anthonia Ifeanyi-Okoro
Chief Operating Officer

AIO as she is fondly called is fun, loyal, and a little bit bubbly. she is driven by my faith and a simple motto: “Trust God and do good.” She loves travelling, discovering new cultures, and getting lost in a great book (preferably with a cup of coffee in hand, non-negotiable for her mornings!).

She is adaptable, curious, and always ready to dive into something new, whether that’s a work challenge, a creative idea, or an adventure with friends. She believes in making the most of the here and now, finding joy in both the big moments and the little ones.

Outside of work, you’ll probably find her exploring somewhere new, enjoying Jigbo (abacha), or just soaking in some personal time with prayer and reflection.

Chidi Solomon
Head, Finance & Compliance
Chidi Solomon
Chidi Solomon
Head, Finance & Compliance

Chidi Solomon (fondly called "Chidi", A.K.A. GFO). He is a chartered account par 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 prayers and he also loves to 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?

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 is a also a great cook. She is inspired by excellence, and that comes out in everything she does, 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 superpowers 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 a 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?

Eunice Akinboade
Human Resources Associate
Eunice Akinboade
Eunice Akinboade
Human Resources Associate

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 noodles. 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 discover 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?

Chukwuemeka Umeaku
Project Management Associate
Chukwuemeka Umeaku
Chukwuemeka Umeaku
Project Management Associate

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 reads 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 younger people is to "Prioritize their happiness as your happiness is dependent on you".

Want to know more about James?

Aminah Fagbenro
Research and Investment Analyst
Aminah Fagbenro
Aminah Fagbenro
Research and Investment Analyst

originates from Ogun state and draws inspiration from the achievements and accomplishments of Ngozi Okonjo-Iweala. During her childhood, she aspired to become the Minister of Finance, Budget, and National Planning, or possibly even the Governor of the Central Bank of Nigeria. Aminah continues to hold onto these ambitious goals for her future.

Her closest friends often characterize Aminah as reserved, highly focused, and an attentive listener. In her leisure time, she enjoys watching animated films, listening to the radio or catching up on the latest news, hanging out with loved ones, and playing lawn tennis. The Golden State Warriors is her favorite basketball team, while Serena Williams is her preferred athlete to watch when it comes to tennis.

She doesn't have a single favorite food because she loves them all and believes that choosing one over the others might hurt their feelings. Her day always begins with a prayer, and her ultimate aspiration is to contribute towards making the world a safer and better place.

The most valuable advice that she has been given is "Rough seas will be calm, whatever difficulty you are going through as a person, it will go or heal with time, just hang on and enjoy the ride"

Want to know more about Aminah?

Clinton Uhegbu
Finance Officer
Clinton Uhegbu
Clinton Uhegbu
Finance Officer

Clinton Uhuegbu (fondly known as Neymar for his football flair) is a driven and detail-oriented team player who combines independence with a strong sense of collaboration. With a competitive spirit and a commitment to excellence, he ensures every task is executed efficiently and to the highest standard.

Off the clock, Clinton is a proud Manchester United supporter and a firm believer in balance, often turning to self-meditation to stay centered. His childhood dreams of becoming a footballer or superhero reflect his adventurous, goal-oriented mindset.

Fueled by his love for Fufu and Egusi stew, Clinton approaches both work and life with passion, precision, and a healthy dose of heart.

Past Presidents of PenOp

Umar Mairami
Umar Mairami
2024
Olumide Oyetan
Olumide Oyetan
2022-2024
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