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 June, 2022
9,730,778
CPS Contributors
₦ 852.97 Billion
Lump Sum
406,174
Retirees
8 Billion
World Population
₦ 14.27 Trillion
Current AUM
10,085
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 Excos

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 Atevo
Head of Legal Committee
Godson Atevo
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.

Past Presidents

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