REVEALED: Tinubu’s nominee NOT statutorily qualified to be PenCom DG

REVEALED: Tinubu’s nominee NOT statutorily qualified to be PenCom DG

THE CABLE

Except the Pension Reform Act, 2014 is amended ahead of her confirmation hearing by the senate, Omolola Oloworaran is not statutorily qualified to be the director-general of the National Pension Commission (PenCom).

Announcing the appointment on Saturday, Ajuri Ngelale, the presidential media aide, described Oloworaran as a “finance and banking expert with many years of experience”.

However, there are questions as to whether Oloworaran’s qualifications and experience align with the prescriptions of the Pension Reform Act (PRA) 2014.

Here’s what TheCable found.

Except the Pension Reform Act, 2014 is amended ahead of her confirmation hearing by the senate, Omolola Oloworaran is not statutorily qualified to be the director-general of the National Pension Commission (PenCom).

Announcing the appointment on Saturday, Ajuri Ngelale, the presidential media aide, described Oloworaran as a “finance and banking expert with many years of experience”.

However, there are questions as to whether Oloworaran’s qualifications and experience align with the prescriptions of the Pension Reform Act (PRA) 2014.

Here’s what TheCable found.

OLOWORARAN’S CAREER PATH

In the last 20 years, Oloworaran’s career path in the private sector has been in the financial industry.

According to her LinkedIn profile, her career has cut across various companies: Renaissance Capital, FDHL GROUP, Stanbic IBTC and First Bank.

Between June 2004 and March 2008, Oloworaran worked at treasury operations, Citi Group, before joining Renaissance, where she rose through the ranks from the position of a senior specialist to finance manager.

READ THE FULL STORY IN THE CABLE

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