Nigeria’s N14.42trn Pension Assets Secured With PFCs - PenCom   Nigeria’s pension assets of N14.42trn is infallible due to structures put in place to ensure its safety through the Pension Fund Custodians (PFCs), the Director-General, National Pension Commission (PenCom), Mrs. Aisha Dahir-Umar, has said. The PenCom boss...

N93bn Pensions Unpaid Into Workers’ Accounts - PenCom A total of N93.49bn worth of pensions was paid by employers but was not credited into workers’ Retirement Savings Accounts in 2021, according to findings from the National Pension Commission (PenCom). This comprised N73.97bn contributions remitted by employers...

MDAs’ Retirees Get Paid N980bn Arrears   The Federal Government has paid a total of N980.18bn to retirees of treasury funded Ministries, Departments and Agencies (MDAs) from the inception of the Contributory Pension Scheme in 2004 to December 2021. The Director-General, National Pension Commission (PenCom) Aisha Dahir-Umar,...

PenCom To Review Pension Act 2014   National Pension Commission (PenCom) is set to review the Pension Reform Act 2014. At its retreat in Abuja, it identified salient issues to be reviewed in the act. Present were stakeholders from the National Assembly, Pension Fund Operators (PenOp), labour unions,...

PenCom, EFCC Partner On Pension Fraud     The National Pension Commission has said it is working with the Economic and Financial Crimes Commission to eradicate fraud in the pension sector. The Director-General, PenCom, Aisha Dahir-Umar, spoke while giving her goodwill message at the opening ceremony of a...

Pension Fund Assets Hit N12.66trn       The nation’s pension fund assets rose significantly to N12.66 trillion as at the end of June, 2021. As at the end of March, 2021, the assets had stood at N12.34trillion, hence, increasing by N320 billion between April and June, 2021. Speaking at...