New PenOp Chairman sets five-point agenda

From left: Head Branding Pension Fund Operators of Nigeria (PenOp)Usman Suleiman; Head Technical, Sadiq Mohammed; Treasurer, Nkem Oni-Egboma; Chairman, Misbahu Yola and Head Legal Regulation, Wilson Ideva at the inauguration of PenOp’s new executives in Lagos.  

Chuks Udo Okonta

The newly elected Chairman of the Pension Fund Operators of Nigeria (PenOp) Misbahu Yola, has said his tenure will pursue five cardinal objectives to move the pension sector forward.

 Yola, who is also the Managing Director Legacy Pension Managers Limited, disclosed this today Friday, during the inauguration of PenOp’s new executives in Lagos.  

He noted that first in the agenda of his administration is to have a befitting secretariat for the association, which would help coordinate its activities. He added that supporting staff would be engaged to oversee the daily affairs of the association.

The Chairman said his administration would place more emphasis on branding and communication, adding that the association would engage and interact more with the public to ensure that proper knowledge about the industry’s operations is acquired.

He said he will work closely with the media to ensure proper dissemination of information about the sector, stressing that the essence of the media in education and enlightenment cannot be gainsaid.

He said his team would collaborate with the National Pension Commission (PenCom) in the quest to encourage saving culture among young people, and that the collaboration will also ensure that the open window initiative is achieved.

He noted that effort is being intensified to tackle the challenges stemming the open window so as to enable the public enjoy the opportunity to port to their desired administrators.

Yola maintained that he will also pursue vigorously the initiative to attract the informal sector into the scheme, adding that the present 5.82 million contributors into the scheme is far below expectations, judging by the population of the working class in the country.

He called on all stakeholders to join hands with his administration to take the sector to lofty heights.