PenCom

  • Featured

    Pension Scandal: Court orders Sigma Pension to pay retiree N10m within 30 days

    The National Industrial Court has ordered the National Pension Commission and Sigma Pension Limited to allow a retiree, Rakiya Girei access to withdraw 50 per cent of her Retirement Savings Account (RSA), within 30 days. The judge, Justice Benedict Kanyip, delivering the judgment on Thursday also declared that failure and refusal of the defendants to yield to the legitimate request of…

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  • Featured

    72,000 participants Registered for Micro Pension Plan – PenCom

    The National Pension Commission (PenCom) on Friday said that 72,000 participants have been registered under the Micro Pension Plan (MPP) as at November. Head, Micro Pension Department, PenCom, Mr. Dowda Ahmed, disclosed this in an interview with the News Agency of Nigeria (NAN ) on the sidelines of the Pension Fund Operators Association of Nigeria (PenOp) Annual Media Parley in…

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  • Featured

    10 PFAs have already met N5bn minimum share capital – PenCom

    The National Pension Commission (PenCom) on Friday said about 10 Pension Fund Administrators (PFAs) had met or exceeded the minimum capital base of N5 billion specified by the commission. Mr. Ehimeme Ohioma , Head, Surveillance, PenCom said this in an interview with the News Agency of Nigeria (NAN) in Lagos. He spoke on the sidelines of the 2021 media parley…

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  • NEWS

    LeadWay Pensure not in breach of investment regulation by investing in FBN Holdings — PenCom

    The National Pension Commission (PenCom) says that Leadway Pensure Ltd. is not in breach of the Investment Regulation by investing pension funds in the equities of FBN Holding Plc. Mr. Peter Aghahowa, the commission’s spokesperson, in a statement on Saturday, said the clarification was necessary following several publications alleging breach of its regulation on investment of pension fund assets by…

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  • NEWS

    PenCom extends 2021 online verification, enrollment exercise

    The National Pension Commission (PenCom) has extended the online verification and enrollment exercise for 2021 retirees, and prospective retirees of the Federal Government Treasury Funded Ministries, Departments and Agencies (MDAs).   The Head, Corporate Communications of PenCom, Mr. Peter Aghahowa, made the disclosure in a statement made available to newsmen on Friday in Abuja.   He said that PenCom had developed…

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  • PenCom recoups N608.55m from defaulting employers

    The National Pension Commission (PenCom) has said it recovered N608.55m from defaulting employers who deducted their workers monthly emoluments but failed to remit to their Retirement Savings Accounts with their respective pension fund administrators. Out of this amount, the principal contribution of the workers was N162.3 million, while penalties of N446.17 million were recovered after a demand notice. PenCom stated…

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  • NEWS

    Only 15,418 organizations can do business with Government – PenCom

    The National Pension Commission has announced that only 15,418 organisations out of over 3.1 million registered companies in the country can do business with the federal government. The list was posted on PenCom website titled ‘schedule of employers issued with certificate of compliance with provisions of the PRA 2014 as at 10 May, 2021’ and obtained by Ripples Nigeria on…

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