According to an exclusive report by Tech Cabal, over 100 employees were dismissed from First Bank in July 2024 following a massive N40 billion fraud orchestrated by Tijani Muiz Adeyinka, a manager on the operations team. The bank also dismissed the Head of Operations, Mrs. Omolola Oloworanran, along with other senior officers linked to the fraud.
In a surprising turn of events, Mrs. Oloworanran has been appointed as the Director General of the National Pension Commission (PenCom) by Bola Tinubu on July 13, 2024. However, this appointment raises concerns as it reportedly violates the Pension Reform Act. According to Section 26 of the Act, candidates for the Director General or Commissioner positions must possess 15 years of relevant experience in pension matters, a requirement that Mrs. Oloworanran is alleged not to meet.
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