First Bank didn’t sack new PenCom DG, Omolola Oloworaran – Sources

Omolola Oloworaran, the newly appointed Acting Director-General of the National Pension Commission (PenCom), was not sacked by First Bank of Nigeria, her former employee, as reported by some blogs. Findings show that the newly appointed PenCom boss was not relieved of her job at First Bank, as reported, but ‘only resigned from the bank on […]

Omolola Oloworaran, the newly appointed Acting Director-General of the National Pension Commission (PenCom), was not sacked by First Bank of Nigeria, her former employee, as reported by some blogs.

Findings show that the newly appointed PenCom boss was not relieved of her job at First Bank, as reported, but ‘only resigned from the bank on July 1, 2024 to assume her new appointment.

Oloworaran was appointed PenCom DG by President Bola Tinubu on July 13.

She has over 20 years experience in the financial industry.

Oloworaran’s appointment as the Director-General of PenCom comes at a crucial time for Nigeria’s pension sector. Her comprehensive background and proven track record in financial management are expected to bring substantial advancements to PenCom.

She is anticipated to drive robust management and growth of Nigeria’s pension funds, ensuring the commission’s objectives align with the nation’s broader financial goals.

Prior to her PenCom appointment, she was a key figure at FirstBank Nigeria, serving as the Head of Transaction Banking Operations since June 2019. Before joining FirstBank, Oloworaran made notable contributions at Stanbic IBTC.

From January 2016 to June 2019, she led the International Business Center, where she managed international banking operations and cultivated global business relationships. Her role as Head of Global Market Operations from November 2013 to January 2016 further demonstrated her capability in managing complex financial systems and operations.

Oloworaran’s professional journey is distinguished by her versatility and experience across various financial domains.

At FDHL GROUP, she served as a Consultant from May 2013 to November 2013, offering strategic insights and solutions.

Her earlier career includes a significant tenure at Renaissance Capital, where she served in various capacities, including Finance Manager and Senior Specialist, from March 2008 to April 2013.

Her foundational years in the financial sector were shaped by her role at Citigroup, where she was involved in Treasury Operations from June 2004 to March 2008. This experience laid a solid groundwork for her subsequent roles, equipping her with a robust understanding of financial operations and management.