• Kogi government recovers part of diverted N230m pension funds

    Kogi government recovers part of diverted N230m pension funds

    Kogi State government says it has recovered 25 million Naira ($82,236) out of the 230 million Naira ($757,000) pension funds diverted into private pockets by some individuals in the pension office.

    The government said another 12.7 million Naira from the College of Education Technical in Kabba has been traced and recovered from the Albarka Cooperative Society.

    The Local Government Auditor General in the state, Mr Ahmed Ododo, hinted Channels Television about the recovered monies in an exclusive interview.

    He reiterated the state government’s […]

  • EFCC compiling list of employers involved in non-remittance of pension funds for prosecution

    EFCC compiling list of employers involved in non-remittance of pension funds for prosecution

    The National Pension Commission (PenCom) has revealed that it is collaborating with Economic and Financial Crimes Commission (EFCC) in compiling for prosecution a list of employers who have not been remitting deducted pension contributions.

    This was disclosed by Chinelo Anohu-Amazu, Director-General, PenCom, at a news briefing ahead of the third edition of World Pension Summit, WPS, taking place between September 27 and 28.

    She said the move is to arrest the growing cases of unremitted pension fund adding that non-remittance of deducted […]

  • Don’t tamper with N5.3trn pension funds – TUC warns FG

    Don’t tamper with N5.3trn pension funds – TUC warns FG

    The President, Trade Union Congress of Nigeria (TUC), Comrade Bobboi Kaigama, yesterday warned government functionaries to desist from tampering with the contributory pension funds of Nigerian workers.

    Kaigama, who disclosed that the contributory pension funds have now accumulated to N5.3 trillion, asked government at all levels to look elsewhere to raise fund for their projects rather than toying with workers’ future.

    He said this in his address at the third Quadrennial Delegates Conference of the Association of Senior Civil Servants of Nigeria […]