The Senate has confirmed the appointment of Omolola Oloworaran as the director-general of the National Pension Commission (PenCom).

This is contained in a statement on Thursday by the PenCom spokesperson, Ibrahim Buwai, in Abuja.

He said the confirmation follows the consideration and adoption of the Senate Committee on Establishment and Public Service report at plenary.

According to him, Ms Oloworaran is poised to explore new frontiers in the implementation of the Contributory Pension Scheme (CPS) by sustaining pension assets on the growth trajectory,

Mr Buwai said the aim was to ensure increased CPS membership and supporting coverage expansion initiatives.

He said that the DG was committed to the expeditious payment of retirement benefits while deepening the pension investment horizon for enhanced returns to contributors and retirees.

Mr Buwai said the priority of her leadership at PenCom was to renew impetus on improved collaboration in the pension industry.

He said she had more than 20 years of experience in the financial services industry and was also a strong advocate of innovation and process reengineering.

Ms Oloworaran was appointed in July in an acting capacity pending confirmation by the Senate as required by the Pension Reform Act 2014.

(NAN)