Business
Pensions Remittance: PENCOM Engages Security Agents
The National Pension
Commission (PENCOM), has engaged the services of security/recovery agents to ensure full remittance of pensions into beneficiaries’ Retirement Savings Accounts (RSA).
The Director-General of PENCOM, Mrs. Chinelo Anohu-Amazu, stated this in Abuja after the commission’s management team briefed President Muhammadu Buhari on the activities of the organisation.
She lamented that some organisations had made pension deductions from the salaries of their workers without remitting the same into the affected employee’s RSA.
She noted that the refusal of the affected organisations to remit the deducted pension monies amounted to a financial crime and must be seen as such.
“Right now, even in PENCOM, we have a whole department devoted to enforcement and compliance.
“We have also engaged recovery agents because the compliance is on many level; some people have made deductions from their employee’s salaries and have not been remitted into their Retirement Savings Accounts (RSA).
“We are calling out to those people and we are going to work with the appropriate law enforcement agencies because it is a financial crime to take money out of an employee’s salary and do not then remit it to his Retirement Savings Account.
“It is something we take seriously,’’ she said.
She said that the commission would concentrate on ensuring speedy inclusion of the informal sector into the pension scheme, saying that “this is because they are the ones that are most in need of a retirement saving plan’’.
Anuhu-Amazu disclosed that President Buhari directed the commission to always ensure that retired workers received their benefits promptly.
She said the president also enjoined the commission to address all problems militating against easy access of retirement benefits by retired workers across the country.

L-R: President, Ghana Association of Women Entrepreneurs, Lucia Quachey, Managing Director, Ico conferences and Event Ltd, Irene Ochem, former Vice President, Africa Region, World Bank, Obiageli Ezekwesili and Founder, Leap Africa, Ndidi Nwuneli, during Africa Women Innovation and Entrepreneurship Forum in Lagos, yesterday.
Business
NPA Assures On Staff Welfare
Business
ANLCA Chieftain Emerges FELCBA’s VP
Business
NSC, Police Boost Partnership On Port Enforcement
-
Niger Delta5 days ago
PDP Chieftain Faults A’Ibom Gov’s Defection To APC
-
Politics4 days ago
Presidency Slams El-Rufai Over Tinubu Criticism …Says He Suffers From Small Man Syndrome
-
Editorial5 days ago
Benue Killings: Beyond Tinubu’s Visit
-
Business5 days ago
Nigeria’s Rural Poverty Hits 75% – World Bank
-
Sports5 days ago
CWC: Bad Blood As Inter Edge River Plate To Advance
-
Business4 days ago
NSC, Police Boost Partnership On Port Enforcement
-
Niger Delta5 days ago
ISOPLOT Has No Legitimacy to Speak for Isoko, INYA Warns
-
Politics4 days ago
10 NWC Members Oppose Damagum Over National Secretary’s Reinstatement