Premium Pension Boss Targets N1trn Pension Assets




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By Nse Anthony-
(Sundiata Post) — The new managing director and chief officer of Premium Pension Limited(PPL), Mr. Umar Sanda Mairami is targeting to grow the pension assets base of the company from its current N500 billion to about N1 trillion in the next few years.
Currently, the Pension Fund Administrator (PFA) manages 738,736 Retirement Savings Accounts (RSAs) and 46, 941 retirees, but the new Premium Pension boss has been saddled with the task of wooing pension contributors onto its platform.
PPL has paid, since inception, retirement benefits gave grown to the tune of over N132 billion while it has pension assets under management (AUM) in excess of N500 billion as at November, 2017. Mairami succeeded former managing director, Mr. Wilson Ideva who formally retired from the company.
The firm, in a statement made available to LEADERSHIP yesterday, noted that the new appointment was part of its strategy to provide excellent services and reposition it to greater heights. Mairami, upon assumption of office, said, during his tenure, the company will be customer centric in alignment with its vision and mission.
According to him, “We will stay close to our customers and do everything possible to serve them properly, our Customers will be at the beginning, the middle and end of our strategy.”
Mairami is a seasoned banker of repute, a member of Chartered Institute of Bankers of Nigeria (CIBN). He began his career with the then Habib Nigeria Bank Limited as a Trainee Officer of the Yola branch of the bank. He later joined the then Intercity Bank Plc in 1999 where he served as an Assistant to the Managing Director.
He also served as Deputy General Manager, Group Head Corporate Services covering, Resources, Administration, Financial Control and departments. Until his current appointment, he was an Director, Business Development and Investment with Legacy Pension Managers Limited.