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Christopher Bajowa, the Managing Director and Chief Executive Officer of FCMB Pension Limited, has been elected as the new President of the Pension Fund Operators Association of Nigeria (PenOp).
According to a statement from PenOp, Bajowa’s election was unanimous, following the retirement of the previous PenOp President, Umar Mairami, who also served as the MD/CEO of Premium Pensions.
The statement read, “We are pleased to announce that Christopher Bajowa, the Managing Director/Chief Executive Officer of FCMB Pension Limited, has been elected as the new President of PenOp. He will serve out the remainder of the previous President’s term, which is set to conclude in March 2026.”
In his acceptance speech, Bajowa pledged to uphold the core values of the pension industry, with a strong focus on prioritizing the interests of Retirement Savings Account (RSA) holders. He also emphasized his commitment to continuing efforts that ensure the pension sector plays a positive role in Nigeria’s economic growth. Expressing his gratitude, Bajowa thanked his colleagues for their trust and assured them of his dedication to maintaining the high standards expected in his new role.
Oguche Agudah, the Chief Executive Officer of PenOp, commented on the election, highlighting the smooth transition as a testament to the association’s strong governance processes. He noted that this transition reflects the commitment to effective leadership and cooperative relationships among pension operators, all aimed at ensuring that the benefits of the pension industry reach every Nigerian.
PenOp serves as the trade association and umbrella body for all licensed pension fund operators in Nigeria.
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