President Bola Tinubu’s recent appointment of Ms. Omolola Bridget Oloworaran as the new Director-General of the National Pension Commission (PenCom) has sparked controversy among legal experts who argue that the appointment does not align with the relevant laws governing the pension industry, according to nairametrics report.

According to the Pension Reform Act 2014, the Director-General of PenCom must possess relevant and adequate professional qualifications in pension matters with 15 years of cognate experience. However, a review of Oloworaran’s career profile reveals that she has over 15 years of experience in the financial services industry, primarily in banking and finance, but lacks the required 15 years of experience in pension matters.

Barrister Maxwell Opara shared a similar view, stating that the appointment can be challenged in court because the President lacks the power to override the Pension Reforms Act, which was framed by an act of the National Assembly. Constitutional lawyer, Chief Festus Ogwuche, also highlighted that the conditions stipulated in the Pension Reform Act 2014 were deliberately put in place to ensure expertise in the administration of pension funds.

The anonymous pension expert consulted by our correspondent confirmed that an appointee should have worked in the industry or garnered cognate experience in the field. However, Oloworaran’s resume appears to lack any significant pension experience, as her entire career has been focused on banking operations.

In contrast, the immediate past Director-General of PenCom, Aisha Umar, had extensive experience in the pension industry. She was part of the Pension Reform Committee in 2003 and served in various roles at PenCom since its establishment in 2004. Similarly, the pioneer Director-General, Mr. M.K. Ahmad, had 35 years of experience working in public sector organizations and financial services institutions, although the Pension Reform Act 2014 was not operational during his tenure.

The appointment of Ms. Omolola Bridget Oloworaran as the new Director-General of PenCom has raised concerns among legal experts who argue that it does not comply with the requirements set forth in the Pension Reform Act 2014. The Senate’s decision on her confirmation will be closely watched, as it may have significant implications for the pension industry and the adherence to relevant laws and regulations.

Follow Our WhatsApp Channel ______________________________________________________________________

“Order Your Copy Now” — Basil Momodu, Esq. Unveils Second Edition Of His Book, "Civil Procedure In Nigeria"

According to the learned author, Basil Momodu Esq. "Law review is a continuum. We will continue to track changes in the law to enrich future editions." Recommended Booksellers: Lagos: 08033855230, Abuja: 08035991379, and others. _______________________________________________________________________ “Enhance Legal Practice With Authoritative Reports” — Alexander Payne Offers Comprehensive Law Reports, Spanning Over A Century Of Nigerian Jurisprudence

Interested buyers are encouraged to place their orders and enquiries via: 0704 444 4777, 0704 444 4999, 0818 199 9888 Website: www.alexandernigeria.com

______________________________________________________________________ “Bridging Theory And Courtroom Practice” — Hagler Sunny Okorie, Nathaniel Ngozi Ikeocha Unveil ‘Functional’ Tort Law Book For Nigerian Legal System The book, titled The Law of Torts in Nigeria: A Functional Approach, authored by Professor Hagler Sunny Okorie Ph.D and Ikeocha, Nathaniel Ngozi Esq, offers law students, practitioners, and academics a comprehensive guide to understanding and applying tort law in Nigerian courts. Interested buyers can place orders via the following contact numbers: 08028636615, 08037667945, 08032253813, or +234 902 196 2209. ________________________________________________________________________ [A MUST HAVE] Evidence Act Demystified With Recent And Contemporary Cases And Materials
“Evidence Act: Complete Annotation” by renowned legal experts Sanni & Etti.
Available now for NGN 40,000 at ASC Publications, 10, Boyle Street, Onikan, Lagos. Beside High Court, TBS. Email publications@ayindesanni.com or WhatsApp +2347056667384. Purchase Link: https://paystack.com/buy/evidence-act-complete-annotation _______________________________________________________________________ Groundbreaking Guide For Lawyers: Adigwe Publishes ‘Artificial Intelligence For Lawyers’ With Free Research eBook As an added bonus, every purchase comes with a FREE ebook titled: “AI in Legalpedia and Law Pavilion: A Research Guide.” Ohio Books Ltd praises the publication, stating: "....this is the only Nigerian book I know of on the topic." How to Order: 📞 Call, Text, or WhatsApp: 08034917063 | 07055285878 📧 Email: benadigwe1@gmail.com 🌎 Website: www.benadigwe.com Ebook Version: Access it directly online at https://selar.com/prv626