SGF Inaugurates New PenCom Board, Emphasizes Transparency

On [date not specified], Georg Akum, the Secretary to the Government of the Federation, inaugurated the new board of the Pension Commission (PenCom). He urged the board members to uphold the highest standards of integrity and transparency in their operations.

The board's mandate includes providing strategic direction and oversight in line with the Pension Reform Act of 2014. Akum warned against any interference in operational responsibilities and stressed the importance of clear separation between oversight and management.

He reaffirmed the government's commitment under President Bola Ahmed Tinubu to address outstanding pension liabilities and ensure timely pension payments to retirees. The board, chaired by Dr. Opeyemi Agbaj, includes members such as Hafiz Muhammad, Kawu Ibrahim, and others from various sectors, including labor unions and regulatory agencies.

Akum highlighted the significance of teamwork and collaboration in restoring public confidence in the pension system, while PenCom's Director General, Omolola Bridget Oloworaran, expressed optimism about the board's impact on improving institutional performance.