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PenOp Elects Donald Onuoha as President, Unveils New Executive

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The Pension Fund Operators Association of Nigeria (PenOp) has announced the election of Mr. Donald Onuoha as its new President and Chairman of its Executive.

Donald is currently the Managing Director/Chief Executive Officer of Fidelity Pension Managers Limited.

He was elected by members of the Association to lead its Executive Committee and provide strategic direction for the pension industry.

The newly constituted Executive also includes Blessing Ogwu, MD/CEO of UBA Pensions Custodian Limited, as Vice President and Vice Chairman; Benjamin Okorie-Agidi, MD/CEO of TotalEnergies EP Nigeria CPFA Limited, as Treasurer; Ehis Uzenabor, MD/CEO of Shell Nigeria CPFA Limited, as Member and Chairman, Technical Committee; Aliyu Atiku, MD/CEO of NUPEMCO, as Member and Chairman, Legal, Regulatory and Ethics Committee; and Adeola Oyegbade, MD/CEO of GT Pension Managers Limited, as Member and Chairman, Branding and Communications Committee.

In his acceptance speech, Donald Onuoha thanked members for the confidence reposed in him, stating that he would continue to uphold the ideals of the pension industry while prioritising the interests of Retirement Savings Account (RSA) holders.

He added that he would work to deepen pension penetration, strengthen stakeholder engagement, and ensure the industry continues to contribute meaningfully to Nigeria’s economic development.

He also pledged to work closely with the Executive Committee and other stakeholders to sustain industry progress and drive initiatives that enhance transparency, trust, and efficiency across the pension ecosystem.

Speaking on the development, the Chief Executive Officer of PenOp, Anthonia Ifeanyi Okoro, said the emergence of the new leadership reflects the Association’s strong governance framework and commitment to continuity.

She noted that the smooth transition underscores the unity among operators and their shared objective of ensuring that the pension system delivers sustainable value to all Nigerians.

PenOp is the umbrella body for all licensed Pension Fund Administrators in Nigeria and remains committed to promoting a robust, transparent, and inclusive pension industry.

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Business

NSIB kicks off probe into aircraft door loss incident

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The Nigerian Safety Investigation Bureau (NSIB) has begun an investigation into an incident involving a foreign-registered aircraft operated by Triton Aviation after the airline’s crew reported that a door of the aircraft opened mid-air shortly after taking off from Abuja on Thursday.

The Challenger 604 aircraft, with registration number T7-SEI, departed the Nnamdi Azikiwe International Airport on Thursday for Lagos.

It was about three nautical miles from the airport, climbing through 3,500 feet, when its crew declared a Mayday emergency, according to the NSIB.

The aircraft returned to Abuja and landed safely on Runway 22 at 16:34 Coordinated Universal Time (UTC), with nine people on board, comprising three crew members and six passengers.

In a statement issued Friday and signed by its director-general and CEO, Alex Badeh Jr., the NSIB said it recovered the missing door and secured it at its wreckage hangar.

“The bureau has commenced its investigation to establish the circumstances surrounding the occurrence,” the statement said.

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PREMIUM TIMES earlier reported that the aircraft’s crew declared a Mayday emergency after reporting that a door had opened during flight shortly after take-off.

Airport fire, rescue personnel and medical teams were placed on standby while air traffic controllers directed the aircraft back to Abuja.

The aircraft landed safely, and the air traffic controller subsequently observed that the door was missing from the fuselage.

A video circulating on social media also appears to show the missing door. In the footage, an unidentified man said farmers had found the object while returning from their farm in the Abuja area.

The NSIB said its investigation will establish the circumstances surrounding the incident, including what caused the door to detach and the sequence of events during the flight.

The aircraft is registered in San Marino, a small European country surrounded by Italy, according to the NSIB statement.

The bureau said it will provide further updates as the investigation progresses.


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Zenith General Insurance Supports Students in Six Lagos Schools with Back-to-School Supplies

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L-R: Favour Ihechimere, Modupe Ujadughele and Pero Giwa (all of Zenith General Insurance Limited); a student of Alimosho Junior Grammar School; Mrs Maria Ojo, Director of Schools’ Administration, Education District I; a student of State Senior College, Alimosho; Dolapo Talabi of Zenith General Insurance Limited; Ozioma Okenyeka, School Counsellor, Alimosho Senior Grammar School; Promise Okonkwo, Gbemisola Adesanmi, Marshall Nwoke and Vincent Ogunkorode (all of Zenith General Insurance Limited), during the company’s presentation of back-to-school items to selected schools in Lagos State recently.

BY NKECHI NAECHE-ESEZOBOR—For many Lagos parents, the start of a new school session brings a familiar worry: how to cover school bags, exercise books and mathematical sets when even putting food on the table is a daily struggle.

This season, that pressure eased a little for families in six public schools, as Zenith General Insurance Limited stepped in with the supplies their children needed to begin the term prepared, and with a message that where they come from should never limit how far they go.

The initiative, implemented under the company’s Corporate Social Responsibility (CSR) programme, seeks to ease the financial burden on parents, improve students’ access to essential learning materials and promote inclusive education, particularly among children in public schools.

Speaking during the presentation, Mrs. Dolapo Olatayo Talabi, General Manager at Zenith General Insurance Limited, challenged students to recognise their present academic experiences as the foundation for future achievements. Addressing students at Alimosho Junior Grammar School, Talabi engaged them in an interactive session around the theme, “Prepared for Success,” encouraging them to develop habits that would position them to take advantage of opportunities. She described the classroom, textbooks, assignments and everyday choices students make as essential parts of their preparation for the future.
Talabi identified purpose, preparation and persistence as three essential ingredients for success.

“Success is not an accident. Success is what happens when preparation meets opportunity,” she said. She also cautioned against allowing their age or the location of their schools to limit their aspirations, stressing that greatness depends on preparation rather than geography. Describing the students as potential game-changers of today, rather than merely leaders of tomorrow, she encouraged them to commit themselves to academic excellence and personal development.

Explaining the rationale behind the donation, Hashim Okunbor, Head of Corporate Communications at Zenith General Insurance Limited, said the company regarded children as the foundation of the nation’s future and considered investment in education essential to sustainable community development.

According to him, the back-to-school initiative was designed to provide practical assistance to families facing the financial pressures associated with the beginning of a new academic session. “As a company, we believe strongly that children are the future. The Back-to-School Initiative allows us to maximise long-term social impact and build multigenerational brand loyalty. But more importantly, we know that the new school session comes with some financial pressure on parents, hence our decision to help in our own little way,” he said.

Okunbor explained that the beneficiary schools were selected in consultation with the relevant local government school district to ensure the intervention reached students across different communities.He expressed hope that the donated materials would support students’ academic activities and encourage them to pursue their ambitions.
“We hope that these items serve them well and encourage them to dream big,” he said.

He added that the initiative formed part of the insurer’s broader commitment to education and community development, recalling that the company supported a school library project in 2024.According to him, Zenith General Insurance conducts annual assessments to identify areas where its resources and expertise can deliver meaningful social impact.

He noted that the programme also demonstrated the human side of insurance by showing how businesses could support vulnerable communities, address practical challenges and contribute to restoring hope.

Responding on behalf of the six beneficiary schools, the Principal of Alimosho Junior Grammar School, Mrs Ige Adekunle Mary, commended Zenith General Insurance for the donation, describing it as timely and beneficial to students, parents and the wider school community. She observed that many parents struggled to provide basic necessities, including food, making it difficult to meet additional expenses for school bags, exercise books and other learning materials.

Mary said the intervention would provide financial relief to families while helping to reduce disparities between students from different economic backgrounds. She added that access to appropriate educational materials was essential for effective classroom participation, consistent learning and improved understanding of school subjects.

The principal called on other private-sector organisations to support public schools, describing them as critical platforms for grassroots development and national transformation.
“I wish to appreciate Zenith General Insurance and other private organisations and encourage them to see public schools as a rich field for grassroots nation-building,” she said. She also advocated increased investment in educational infrastructure and extracurricular activities to improve students’ learning experiences and promote their overall development.

The donation underscores the potential of corporate social responsibility programmes to complement government efforts to improve access to education in Nigeria.

For Zenith General Insurance, the initiative combines material support for students with a broader message: preparing young people for success requires access to learning resources, encouragement and the determination to make the most of available opportunities.

The post Zenith General Insurance Supports Students in Six Lagos Schools with Back-to-School Supplies appeared first on Business Today NG.

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