Jobs/Appointments
President’s Choice for PENCOM DG Divides Senate
By Adedapo Adesanya
President Muhammadu Buhari’s nomination for the position of Director-General of the National Pension Commission (PenCom) caused a ruckus at the upper chamber of the National Assembly on Tuesday.
The President nominated Mrs Oluremi Oyindasola Oni as the Chairman of the pension regulatory agency while Mrs Aisha Umar, who was in an acting capacity, for the Director-General position.
For the Executive Commissioners seats were Mrs Hannatu Musa (North-West), Mr Clement Akintola (South-West), Mr Ayim Nyerere (South-East) and Mr Charles Emukowhale (South-South).
After the Senate President, Mr Ahmed Lawan, read the President’s letter, some senators opposed the nomination of Mrs Umar as the substantive Director-General of the commission on grounds of geopolitical interests.
Serving as their mouthpiece, the Senate Minority Leader, Mr Enyinnaya Abaribe, said that Mrs Umar who is from the North-East region of the country should not have replaced the former DG, Mrs Chinelo Anohu-Amazu, who is from the South-East.
He alleged that Mr Buhari’s action was a breach of the Act that established the agency, citing Section 20(1) and section 21(1) and (2) of the National Pension Commission Act 2014, which said, “In the event of a vacancy, the President shall appoint a replacement from the geopolitical zone of the immediate past member that vacated office to complete the remaining tenure.”
With that, the action of the President goes against the established rule, Mr Abaribe argued, stressing that Mrs Anohu-Amazu’s successor should come from the South-East.
He said, “I recall that the tenure of the incumbent was truncated. Therefore, the new letter from the President that has now moved the chairman of the commission to another zone may not be correct. It is against the law setting up the National Pension Commission and the Federal Character Commission.
“Before you send it to the appropriate committee tomorrow, I wish to draw the attention of the committee to it.”
This was, however, met with opposition from the Senate President, who is also from the North East, saying, “That is for me to interpret because I interpret the laws here. If there is any petition to that effect, it should be sent to the committee.”
By Aduragbemi Omiyale
Sunu Assurances Plc has appointed Mr Olayinka Adaramola to its board as an executive director.
The appointee will be in charge of Technical Operations, a statement signed by the company secretary, Taiwo Kuku, disclosed.
Mr Adaramola is an astute insurance professional with over two decades of experience in underwriting, claims and strategic operations, combining technical expertise with academic excellence.
He obtained his Higher National Diploma (HND) in Insurance from Lagos State Polytechnic, Isolo, in 1996 and MBA in Marketing from Ladoke Akintola University of Technology, Ogbomosho, in 2009.
He began his professional career in September 1998 in the General Accident Department of Leadway Assurance Company Limited, where he honed his skills in underwriting different classes of insurance business and survey inspections.
Prior to joining the board of SUNU Assurances Nigeria in February 2026, he served as the Executive Director, Technical Operations of Capital Express Indemnity Insurance Limited.
He has attended various courses within Nigeria and the United Kingdom. He is an Associate Member of the Chartered Insurance Institute of Nigeria (CIIN).
In a related development, Sunu Assurances has announced the resignation of Mrs Olajumoke Bakare from its board with effect from April 1, 2026.
Mrs Bakare served as an independent non-executive director on the board after receiving regulatory approval for her appointment on April 7, 2022.
During her tenure, she served diligently on various board committees and contributed meaningfully to the board’s deliberations.
In accepting her resignation, the board expressed its profound appreciation for Mrs Bakare’s distinguished service, noting her thoughtful contributions, sound judgment, and principled approach to matters before the board.
It further acknowledged that her input significantly influenced both its decisions and overall effectiveness, reinforcing a culture of strong governance rooted not only in technical competence but also in integrity, trust, and composure.
By Aduragbemi Omiyale
The chairman of Creditville Limited, Mr Michael Uwakwe, has been appointed to the board of Chams Holding Company Plc as a non-executive director.
His appointment, according to a statement from the organisation, was effective Wednesday, April 1, 2026.
The board expressed confidence in his dynamic leadership, saying it will foster collaboration, inspire teams, and deliver transformative results for stakeholders.
Mr Uwakwe, who retired from TotalEnergies after 30 years of active service, chairs Creditville Limited, a financial services company involved in consumer lending, equipment leasing, capital market operations and real estate.
He is a Human Resources professional by qualification, training and experience with a deep interest in analysing financial markets around the globe. He is also well-versed in all aspects of investment analysis, asset allocation, and risk management and is a PENCOM-approved member of the Investment Strategy Committee of the Total Closed Pension Fund.
Mr Uwakwe sits on the board of Redwood Asset Management Company Limited, a SEC-approved Fund & Portfolio Manager.
He is a Fellow of the National Institute of Credit Administration of Nigeria, a member of the Chartered Institute of Personnel & Development (UK), a member of the British Psychological Society (London), and an Associate Member of the Nigeria Institute of Management.
By Adedapo Adesanya
President Bola Tinubu has approved the appointment of Mr Shu’aibu Shehu Aliyu as the Executive Secretary of the Petroleum Technology Development Fund (PTDF).
Mr Aliyu, a professor, is to replace Mr Ahmed Galadima Aminu, who recently resigned to participate in the 2027 governorship election in Adamawa State.
In a statement by a spokesperson to the President, Mr Bayo Onanuga, on Thursday, it was disclosed that the appointment of Mr Sule Ahmed Abdulaziz as the chief executive of the Transmission Company of Nigeria (TCN) has been renewed for a second and final term.
These appointments are said to take effect immediately.
Professor Aliyu, the new PTDF helmsman, is a distinguished academic and seasoned administrator with extensive experience in research, education, and institutional leadership. His appointment underscores the President’s commitment to strengthening key institutions in the petroleum sector and advancing capacity development for Nigeria’s energy industry.
“The President expects him to leverage his wealth of experience to reposition the PTDF for greater impact in human capital development, innovation, and strategic support for the oil and gas sector in line with national priorities.
“President Tinubu renewed Engineer Abdulaziz’s appointment following a comprehensive assessment of his performance and leadership of the nation’s transmission network.
“Under his stewardship, TCN has recorded notable improvements in grid stability, transmission capacity expansion, and system modernisation, reinforcing its critical role in Nigeria’s electricity value chain.
“Engr. Abdulaziz brings over three decades of experience in the power sector and has also strengthened regional electricity integration through his leadership in the West African Power Pool (WAPP).
“President Tinubu urges both appointees to discharge their responsibilities with diligence, integrity, and a strong sense of national service,” the statement said.
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