The newly elected compliance executives of the pension industry take position to tackle fraud, inefficient processes and added to these tasks is ensuring better outcomes for pensioners. Their new roles is at a critical time the sector faces increasing scrutiny and demand for improved operational standards.
Oguche Agudah, CEO of the Pension Fund Operators Association of Nigeria (PenOp), while congratulating them at the oath taking event said their vital responsibilities will transform the pension industry.
The newly elected executives—Edidiong Akan, Temitope Anjorin, and Tunde Folayan, pledged to execute their duties with diligence, professionalism, and a focus on the best interests of the industry and, at the same time reaffirmed their commitment to maintaining the highest ethical standards and fostering harmonious relationships among pension operators.
Their new positions are not only critical for day-to-day regulatory compliance but also vital in steering the industry toward a future where operators adhere to best practices, reduce inefficiencies, and combat fraud. The executives also acknowledged the importance of ethical governance, emphasizing that integrity remains the cornerstone of their mandate.
The new compliance executives said the trust placed in them by their peers will not be abused and reiterated their dedication to advancing the goals of the association. They also stressed the importance of collective action in addressing the industry’s challenges. Hitting the road they announced the establishment of Compliance Forum to nurture a robust and influential voice within the pension industry. This forum is expected to serve as a platform for industry-wide collaboration, fostering dialogue among stakeholders to address regulatory gaps and promote best practices.
They also made it clear that besides focusing on maintaining existing standards—they aim to innovate and lead reforms that will enhance the industry’s overall performance; contribute to a more transparent, efficient, and fraud-resistant pension industry that serves the best interests of both operators and pensioners.
