Premium Pension Appoints Prof. Ofo as Independent Director

As part of its strategy to provide excellent services and propel the Company to greater heights, the Board of Premium Pension Limited has appointed Professor Nat Ofo as an Independent Director.

A statement today by the Company’s Head, Corporate Communications, Mr. Aliyu Mohammed Ali, said Prof. Ofo succeeded the former Independent Director, Mrs. Mosun Belo-Olusoga, who retired from the board after completing her tenure.

Ofo is a Professor of Corporate Law and Governance at the Department of Business Law, College of Law, Igbinedion University, Okada, Edo State.

He joined Igbinedion University, Okada, from Nigerian Breweries Plc (a subsidiary of Heineken N.V. of The Netherlands) where he occupied Middle Management and Senior Management positions in the legal, finance, supply chain, human resource and company secretarial functions during his 14-year career at the company. While he was the Company Secretary/Legal Adviser of Nigerian Breweries Plc, he was also a Director of NB Registrars Limited (a then subsidiary of Nigerian Breweries Plc).

He is a Fellow and the immediate past President of the Institute of Chartered Secretaries and Administrators of Nigeria and remains a member of its Governing Council; a member of the Board of the Institute of Internal Auditors (IIA); a Fellow ofthe Institute of Directors (IoD) Nigeria and a member of its Executive Committee (ExCo).

Professor Ofo is a thoroughbred professional on corporate governance, which was the focus of his doctoral thesis. As a prolific writer, he has written numerous refereed articles on corporate governance and other law-related issues in several learned journals and business periodicals, locally and globally.

Professor Nat Ofo was the Vice Chairman of the Steering Committee commissioned by the Federal Government of Nigeria in 2013 to harmonize the numerous corporate governance codes in Nigeria and develop a National Code of Corporate Governance for the country. He was a member of the Technical Committee appointed by the Financial Reporting Council of Nigeria in 2018 to review the suspended National Code of Corporate Governance, which developed the Nigerian Code of Corporate Governance 2018.

As a public speaker and presenter, he has delivered numerous papers at conferences, seminars and workshops on corporate governance and law-related issues. In addition, he facilitates the corporate governance component of the training programmes of the Institute of Directors (IoD) Nigeria and the IoD Centre for Corporate Governance (a joint project of IoD Nigeria, Securities and Exchange Commission and Corporate Affairs Commission).

He is also a member of the Working Group of the Corporate Governance Network in Nigeria. He also served as a member of the Board of the Association of Professional Bodies of Nigeria.

He is the author of the Amazon Bestseller: Independent Directors: 111 Frequently Asked Questions Aptly Answered.

The appointment of Prof. Ofo to the Board of Premium Pension Limited is expected to deepen the already sound corporate governance culture of Premium Pension Limited, a licensed Pension Fund Administrator which started operations in 2005, with current Assets Under Management standing at N621 billion.