• FG yet to remit N63.34b pension fund – PENCOM

    FG yet to remit N63.34b pension fund – PENCOM

    According to reports, the Federal Government is still having outstanding accrued rights due its employees that retired between 2015 and October 2016 amounting to N63.34 billion.

    Director General of National Pension Commission (PENCOM), Chinelo Anohu-Amazu who disclosed this at a function organised by the National Union of Pensioners (NUP) in Abuja also said the total registered participants in the Contributory Pensions Scheme (CPS) have increased to 7, 240,196 as at September 2016.

    The DG further said that a total of 174, 844 […]

  • 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 […]