• Group alleges N42bn scam in PenCom

    Group alleges N42bn scam in PenCom

    A civil society group, Centre for Public Accountability, CPA, said the management of the National Pension Commission, PenCom, has not accounted for its annual collections of 0.3 per cent of the asset fees on pension fund from 2013 to date, totaling about N42 billion.

    According to the group, PenCom which manages about N5.4 trillion pension funds through licensed pension custodians and administrators, is alleged to be involved in a long list of infractions, mismanagement and maladministration.

    It was gathered that the CPA […]