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Omolola Oloworaran Becomes PenCom DG Dethrones Aisha Dahir-Umar, Oluwaseun Faleye MD NSITF

Nwanne Ikemefune by Nwanne Ikemefune
February 8, 2026
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President Bola Tinubu has appointed Omolola Oloworaran as the director-general (DG) of the National Pension Commission (PenCom).

Tinubu also appointed Oluwaseun Faleye as managing director (MD) and chief executive officer (CEO) of the Nigeria Social Insurance Trust Fund (NSITF).

In a statement on Saturday, Ajuri Ngelale, special adviser to the president, media and publicity, said Oloworaran’s appointment is subject to the confirmation of the senate.

Ngelale described her as a finance and banking expert with many years of experience.

“The President anticipates a goal-oriented leadership to drive efficiency and superlative performance in the National Pension Commission as the prime regulator of the Nigerian pension industry,” he said.

In another statement announcing the appointment of Faleye, the spokesperson said he is a legal and corporate finance specialist.

Ngelale said Tinubu also appointed Mojisolaoluwa Alli-Macaulay as the executive director (operations) of the NSITF.

Mrs. Alli-Macaulay is a former lawmaker and former Chairperson of the Lagos State House of Assembly Committee on Women Affairs, Poverty Alleviation, and Job Creation,” the spokesperson said.

Ngelale said the president anticipates a comprehensive re-positioning of the NSITF for enhanced social protection and qualitative service delivery to Nigerians.

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