The total funds invested by operators of the Contributory Pension Scheme in infrastructure have risen to N1.7bn. Statistics obtained by our correspondent also showed that the total pension assets under management of the operators in July 2016 rose to N5.82tn. A higher percentage of the funds,...

The nation’s pension fund has hit N5.8 trillion, the National Pension Commission, PenCom, disclosed. Presenting a paper at the forum of Finance Correspondents’ Association of Nigeria, FICAN, in Abuja, Head of Investment Supervision Department, Mr. Ehimeme Ohioma, who represented the Director-General, Mrs. Chinelo Anohu-Amazu,...

The National Pension Commission said it was engaging the Economic and Financial Crimes Commission to prosecute individuals and companies that had yet to remit the pensions of their employees that were deducted at source. It said the leaderships of both agencies had met to discuss...

The National Pension Commission (PenCom) has said that it is targeting about N2.3 trillion representing 40 percent of the N5.8 trillion Pension fund assets on infrastructure development by 2019. The Pension regulatory body also said that out of the over N1.16trillion pension fund assets available...

President of the Pension Fund Operators Association of Nigeria, PenOp, Mr. Eguarekhide Longe has said that compliance to remittances of pension contributions from the public sector on both the Federal and State levels have lagged notably. Longe who stated this at the Association’s annual general...

The Federal Government has not been remitting the pension contributions of most of its workers into their Retirement Savings Accounts under the Contributory Pension Scheme since October last year. This revelation was contained in the 2016 annual report of the Pension Fund Operators Association of...