About Us

Pension Fund Operators Association of Nigeria (PenOp) is an independent, non-governmental, non-political and non-profit making body.

This organization was established to promote the operations of the pension industry, provide for self-regulation and ensure that international best practices relating to the industry are observed by the operators registered in Nigeria.

Its positioning, is to be the influencer externally and the ‘mother to all’ internally.

Its role internally, is to add value to its members across all levels; information, education, visibility, networking etc. externally its role is to increase the awareness and visibility of the pension industry and enable external stakeholders understand and participate in the development of this financial sub-sector wherever and whenever possible. Its positioning, is to be the influencer externally and the ‘mother to all’ internally, while managing the perception of the segment through the propagation of its brand values.

The Excos​

Meet our esteemed past and present executives​

Our Present Executives

Wale Odutola


Wale Odutola is currently the Managing Director of ARM Pension Managers. He is a seasoned Portfolio Manager, with extensive experience in research and managing global portfolios – equities and fixed income. Prior to this appointment he had served as the Managing Director of ARM Securities, ARM Properties Plc., as well as ARM Hospitality and Retail Fund where he was responsible for significant improvements in the businesses operating performance.

Wale has very strong finance and leadership skills and has led several transformational initiatives across research, investment management, securities trading and real estate within the ARM Group. Wale has a B.Sc. Accounting degree from the University of Lagos and is an Alumnus of the Harvard Business School with over 18 years’ experience in the financial sector.

Akinola Akeeb

Vice President


chief executive officer

Oguche is currently the Chief Executive Officer (CEO) of the Pension Fund Operators Association of Nigeria (PenOp). In this role he leads the efforts of Nigeria’s pension industry in engaging regulators, the government, the media, financial markets and other stakeholders in order to ensure that the interests of the pension operators are protected and promoted and also in ensuring that the pension industry has a positive effect on National Development.

Oguche was previously Nigeria’s Regional Director for OurCrowd, a crowd funding and venture capital firm with headquarters in Israel. He was also previously the Chief Investment Officer/Executive Director of a growing integrated real estate and alternative asset management compan

Prior to this, he worked as a Special adviser to Nigeria’s Minister of Industry, Trade and Investment. His portfolio was “Access to Finance”.  In this role, he advised on and implemented policies, strategies and programmes that could help to increase access to finance for Nigeria’s teeming entrepreneurs.

Prior to this, he worked with Standard Chartered Bank as an associate Director in their Lagos office, where he was in charge of the credit quality of a portfolio of assets worth USD 7 billion dollars.  This included various loan products and derivatives to banks, the government and sovereign owned enterprises (SOEs) in Nigeria.   In Standard Chartered, he had short term assignments in South Africa and London, working in the Risk management, Credit and Corporate Finance functions. In Standard Chartered Bank he held various roles spanning operations, Risk management & Credit, financial institutions and strategy.

He possesses a degree in Banking and finance (University of Lagos) and is a fellow of the Chartered Institute of Bankers Nigeria and an associate of the Chartered Institute of Stockbrokers Nigeria.

He is an avid writer and he has a column in some local and international mediums where he writes and advices on strategy, finance, entrepreneurship and emerging markets.

He is deeply involved in community work, as he mentors a group of volunteers, focusing on building global businesses and leaders out of Nigeria

He is a firm believer in Nigeria, married to his best friend and they have two boisterous children

He has been privileged to experience life as an entrepreneur, a policy maker and an employee in a world class organization operating in an emerging market. These varied experiences have enabled him to appreciate life and business from different perspectives arming him with a unique blend of the excellence of the private sector and the social impact objective of the public sector.

Picture of Amaka Andy


head of branding and communication

Amaka Andy-Azike is the Head of Branding and Communications Committee. She holds a B.Sc. degree in Sociology/Anthropology from the University of Nigeria, Nsukka and an MBA Degree from the Lagos State University. She has over 27 years work experience in the financial Service Sector, working with establishments like Modern Finance, First African Trust Bank, Magnum Trust Bank, Commercial Bank Credit Lyonnais and Fidelity Bank Plc.

She joined Fidelity Pension Managers Limited in 2007. Her work experience cuts across Treasury, Credit Administration, Corporate Banking, Commercial Banking, Retail Banking, Pension Administration and Management.

She is a member of various professional Bodies and Associations. She is a Fellow of the Chartered Institute of Bankers of Nigeria (FCIB), and a Fellow of the Association of Investment Advisers and Portfolio Managers (FIAPM). She is also a member of the Institute of Directors.

She is an alumna of the Harvard Business School, Boston Massachusetts, U.S.A, the Wharton Business School of Pennsylvania, U.S.A, the INSEAD Business School, France and the Lagos Business School.

Glory Etaduovie

Head, Legal and regulatory

Glory Etaduovie is the Head Legal, Regulatory and Ethics Committee, he is an erudite, Insurance Professional Administrator and marketing expert with 35 years working experience. He has proven to be a reliable hand in crisis management and turn around management. He grew through the ranks as a branch manager for a number of companies, where he learnt to be self driven and goal oriented.

He became a Deputy General Manager/ Chief Operating Officer in 2008 for 5 years with FIN insurance company, an arm of Erstwhile FIN bank with dramatic results. Thereafter, he returned to International Energy Insurance (IEI) Plc where he had left for 5 years to head its Abuja and Northern region.

Whilst there, he was recommended as director to IEI- Anchor Pension Managers Limited where he currently serves as the Managing Director/ Chief Executive Officer of the company. Mr. Etaduovie holds an MBA with marketing bias from Ladoke Akintola University of Technology.

He is a fellow of the Chartered Pension Institute and Member, Nigerian Institute of Management. He has served and is still serving on the Boards of several companies since the year 2000. He chaired the Audit Committee of Ashakacem Plc for 8 years.

Dr. Hamza was appointed as the MD/CEO of NPF Pensions Limited in February 2014. His experience as a pioneer in the new scheme has been the driving force for NPF Pensions Limited.

He has attended courses in various training schools including the Harvard Business School, Boston MA, USA and Asian Institute of Technology, Banghkok, Thailand. Hamza is married with children and loves reading, writing and travelling.    


Head, Technical Committee

Olumide joined Stanbic IBTC in 2000 and has served in different roles across the Group both within and outside Nigeria. Prior to his appointment as Chief Executive, Olumide was Executive Director, Investments. He was also Head Projects for Wealth, Africa Regions in 2017, as well as Head of Advisory Products for the Standard Bank Wealth and Investment business in South Africa.

Olumide served as the Chief Executive of Stanbic IBTC Asset Management between July 2009 – July 2015. Prior to that, he was an Executive Director in charge of Investment Management for Stanbic IBTC Asset Management and also acted as Head Investment Management at Stanbic IBTC Pension Managers Limited where he oversaw various investment strategies and portfolios.

Olumide holds a Bachelor’s degree in Economics, Politics and Government from the University of Canterbury, United Kingdom as well as a Master of Science in Financial and Commercial Regulation from the London School of Economics and Political Science.

Oloruntimilehin George


Mr. Oloruntimilehin (Timi) George, is a seasoned banker with cognate experience spanning well over 25 years at various local and international banks; he assumed office as Managing Director/ Chief Executive Officer of First Pension Custodian Nigeria Limited in March 2020.

Prior to this, he served as Group Head, Financial Institutions and Multilaterals at First Bank of Nigeria Limited.

Timi has a background in Business Administration and holds an MBA in Strategic Management. He is an alumnus of the Lagos Business School and has a number of notable fellowships at institutions such as the Institute of Strategic Management, Institute of Brand Management and Institute of Credit Administration and is a Graduate Member, Nigerian Marketing Association, Associate Member, Nigerian Institute of Management, Member, National Association for Family Development (NEFAD), and Honorary Member, Chartered Institute of Bankers of Nigeria and is a Member of the Institute of Directors (IOD).

Since assuming office, he has brought his indefatigable zeal and passion for excellence to bear on the entire organization and has embraced the challenges that have come with the COVID-19 pandemic with the utmost sense of responsibility. He remains undeterred in his quest to leverage his track record of leadership and in-depth knowledge of financial markets to drive the organization’s audacious growth plans. His vision is to revolutionize the pension industry by transforming customer experience by leveraging technology to drive business efficiency.

Timi is a music aficionado and an ardent lover of football; he enjoys reading and having robust debates about economic empowerment.

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