- New PenCom Chairman
- Opeyemi Agbaje Named New PenCom Head
- President appoints the chairman, Director-General
In a move that appears to be in direct response to a strike threat from the Nigeria Labour Congress (NLC), the Federal Government has appointed Opeyemi Agbaje as the new chairman of the National Pension Commission (PenCom).
According to a report by Eko Hot Blog, the Central Working Committee of the Nigeria Labour Congress (NLC) issued a seven-day ultimatum to the government on August 13. The union demanded the full constitution of the PenCom Governing Board and a comprehensive report on the commission’s funds.
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While reliable sources from both the NLC and the pension industry have confirmed Agbaje’s appointment, the official PenCom spokesman, Ibrahim Buwal, stated that the presidency has not yet made a formal announcement.
Agbaje, who previously worked in the banking sector, holds a Master’s degree in Law and an MBA. He is the Chief Executive Officer of RTC Advisory Services Ltd and served two terms on the board of the Lagos State Security Trust Fund.
Under the Pension Reform Act of 2014, the PenCom Governing Board comprises 16 members. The President appoints the chairman, Director-General, and four full-time commissioners, while key organizations like the NLC and the Trade Union Congress appoint the remaining ten members.
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