The National Pension Commission (PenCom) has announced the assumption of office by Omolola Oloworaran as the new Acting Director-General. 

According to a statement from the commission, her appointment follows the stipulations of Section 26 (1) of the Pension Reform Act 2014, pending her confirmation by the Senate. 

However, her appointment has sparked controversy, particularly concerning the requirement of 15 years of cognate experience in pension matters as mandated by the Pension Reform Act. 

What the statement says 

The statement from PenCom read: 

“The National Pension Commission (PenCom) hereby informs the public that the newly appointed Director-General of the Commission, Omolola Oloworaran, has assumed duties at the Commission, to serve in acting capacity pending her confirmation by the Senate, in line with the provisions of Section 26 (1) of the Pension Reform Act 2014.