• PenCom recovers N9.3b from erring employers

    PenCom recovers N9.3b from erring employers

    The National Pension Commission (PenCom) raked in N9.38 billion as at the end of the first quarter of this year, a report has said.

    The cash is part of unpaid contributions and penalties against defaulters.

    According to PenCom’s latest report,  N348.81 million was recovered during the period under review.

    The Commission stated that the services of 55 consultants were retained to follow-up and conclude the recovery of outstanding pension contributions with penalty from defaulting employers.

    “Following the issuance of demand notices to defaulting employers […]