Christopher Bajowa, the Managing Director and Chief Executive Officer of FCMB Pension Limited, has been appointed as the new President of the Pension Fund Operators Association of Nigeria (PenOp).
According to a statement released by PenOp, Bajowa’s election was unanimous, following the retirement of Umar Mairami, the former PenOp President and MD/CEO of Premium Pensions.
PenOp stated, “We are pleased to announce that Christopher Bajowa, Managing Director/Chief Executive Officer of FCMB Pension Limited, has been elected as the new PenOp President. He will serve the remainder of the previous President’s term, ending in March 2026.”
Upon accepting his new role, Bajowa vowed to uphold the industry’s ideals, with a strong focus on prioritizing the needs of Retirement Savings Account (RSA) holders.
He also expressed his dedication to ensuring that the pension industry continues to have a positive impact on Nigeria’s economy. Bajowa thanked his colleagues for their trust in him and promised to maintain the high standards associated with the position.
Oguche Agudah, the Chief Executive Officer of PenOp, commented on the election, highlighting the seamless transition as evidence of the association’s robust governance.
Agudah also noted that this smooth leadership change reflects the pension operators’ commitment to strong leadership and collaborative relationships, all aimed at maximizing the benefits of the pension industry for all Nigerians.
PenOp serves as the umbrella body and trade association for all licensed pension funds in Nigeria.