Politics
Pencom Fund: Reps Threaten To Issue PFAs Bench Warrant
House of Representatives has threatened to issue a bench warrant to compel Pension Fund Administrators (PFAs) to appear before its ad-hoc committee, if they fail to attend the public hearing.
Rep Johnson Agbonayinma (APC-Edo), Chairman, Ad hoc Committee to investigate the activities of National Pension Commission (PenCom) and its Administrators, gave the warning on Wednesday in an interview with newsmen in Abuja.
The Tides source reports that the House had, after a resolution passed in Feb., ordered the committee to commence investigations into the activities of PenCom since April 2017 over allegation of violation of the Act establishing the commission and the N9 trillion pension fund controversy.
However, the Pension Fund Operators Association of Nigeria (PenOP) had, in two separate letters dated Jan. 28 and April 2, informed the committee that the PFAs would not be able to appear before the committee on Jan. 29 and April 4.
PenOp had, in the letters, attributed the reason the PFAs would not attend the meetings “to prior engagements slated for the same day.”
Agbonayinma, who cautioned the PFAs against disobeying the order of the House, said the PFAs and other stakeholders in the industry were deliberately avoiding the ad hoc committee.
According to him, the pension association, which the committee did not write letters to or invite, has no right to derail the lawmakers from holding the investigative hearing.
“If they fail to appear before the committee, we would have no option than to apply the law.
“That is, we would have to seek to issue bench warrant so that they can be compelled to come to appear before this ad-hoc committee.
“We would do just that to PFAs that refused to appear before this ad hoc committee ànd any organisation, not just the PFAs that are invited but the banks and PenCom,” he said.
The lawmaker, who expressed concern over the development, said the committee would not succumb to any deliberate effort to undermine the committee’s work.
“We have been having different issues; people trying to avoid coming to the public hearing.
“We had our first public hearing. In order for us to continue with our investigations that was slated for Thursday, I believe some people are trying to derail the wheel of the progress of our ad hoc committee.
“We invited different PFAs, we invited the PenCom, the acting DG, the Nigerian Labour Congress (NLC), Trade Union Congress (TUC) and many civil societies who submitted document related to the subject matter.
“We never invited the so-called Pension Fund Operators Association of Nigeria (PenOp).
“But we are surprised to be receiving letters; the first one we received before our public hearing telling us that the PFAs will not be able to attend under the umbrella of PenOp.
“There was no time this ad hoc committee wrote a letter to PenOp. They have been representing the various PFAs we have invited, the administrators, some of the banks and the custodians of the funds,” he said.
Agbonayinma said the committee was surprised to receive another letter from the association on April 3 “writing to us that the pension operators will not be able to attend the investigative hearing slated for tomorrow (April 4).”
The legislator, who condemned the act, described the move as “a plot to derail the wheel of progress of the ad hoc committee.”
“This has to do with the Nigerian people, the workers who have worked and deserved to make sure that whatever money is deducted from their accounts should be put to use and the PenCom must do the needful,” he said.
He, however, hinted that since no one has been indicted, the public hearing was “to serve as an opportunity for the stakeholders to clear the air on issues raised and assure Nigerians that nothing is amiss.”
The Independent National Electoral Commission (INEC) has insisted on the conclusion of the Continuous Voter Registration exercise yesterday (Sunday) despite calls by some opposition political parties and civil society organisations for an extension over concerns that millions of citizens could be excluded from the 2027 general elections.
In a notice issued on its X (formerly Twitter) handle on Saturday, the commission reminded the public that the exercise would end on Sunday, July 26, with designated registration centres open from 9am to 3pm.
“Your future won’t wait. Neither should you. The Continuous Voter Registration (CVR) exercise ends Sunday, 26 July 2026,” the Commission stated.
INEC also reminded prospective voters that they could complete the registration process online through its dedicated CVR portal or visit designated INEC offices and registration centres nationwide for physical assistance.
The new Electoral Act stipulates that INEC is required to stop voter registration, updating and revision of the voters’ register 90 days before an election to allow for data clean-up, the printing of Permanent Voter Cards and other logistical preparations.
The law also requires the Commission to display the voters’ register for claims and objections within the stipulated period to enable eligible Nigerians to challenge omissions and errors and help ensure the credibility of the final register for the polls.
The INEC National Commissioner on Information and Voter Education, Mr Mohammed Haruna, told The Tide source that the Commission would not extend the deadline, stressing that the registration exercise had to close to allow the electoral body to begin cleaning the data already collected.
“By midnight on Sunday, voter registration ends. There won’t be any extension. There are so many things that we need to do at the back end. We have to draw a line; otherwise, we won’t be able to produce a clean copy of what has been posted,” he said.
Mr Haruna explained that the commission’s Information Technology team and the Voter Registration Department would begin processing the data immediately after the closure of the registration window.
He said INEC would deploy its Automated Biometric Identification System to detect and remove multiple registrations before the provisional voters’ register is displayed for public scrutiny.
“We have this automatic biometric system that will check whether somebody has registered more than once. They will publish the register for claims and objections. That is, if anybody thinks a name shouldn’t be on the register, or if he has some claims, for instance, that his name has been omitted or some of his details are incorrect,” he said.
According to him, the final number of newly registered voters would only be known after the biometric verification and the claims and objections process.
“So, it’s after all that has been done that we will have a final figure, which we will now add to the existing 93 million or so. That will then become the voters’ register. We are mandated to give every political party a copy ahead of the election,” Mr Haruna added.
Responding to concerns over the number of Nigerians who may be excluded from the 2027 electoral process by the closure, the national commissioner said INEC could only account for eligible citizens who presented themselves for registration.
He added that the commission had recorded registrations through its online platform, physical registration centres and INEC offices across the 774 local government areas.
According to a public announcement signed by Mr Ariyo Rufus, Head of Department, Voter Education, Publicity, Gender and Inclusivity on behalf of Mr Oluwatoyin Babalola, the INEC Osun State Resident Electoral Commissioner (REC), the said exercise is aimed at assessing its operational readiness and testing the efficiency of the Bimodal Voter Accreditation System (BVAS) ahead of the governorship poll.
INEC stated that the exercise would simulate Election Day accreditation procedures but clarified that no voting would take place during the exercise.
The commission explained that “the mock accreditation would be conducted in selected polling units spread across the three senatorial districts of Osun State, covering Osun Central, Osun East and Osun West.
“In Osun Central Senatorial District, the selected local government areas are Osogbo, Olorunda, Ifelodun and Boripe, with designated polling units identified for the exercise.
“For Osun East Senatorial District, the exercise will take place in selected polling units across Ilesa West, Ilesa East, Oriade and Obokun local government areas.”
INEC also listed Egbedore, Ede North, Ede South and Ejigbo local government areas as the selected councils for the mock accreditation exercise in Osun West Senatorial District.
The commission urged all registered voters whose polling units were selected to participate in the exercise, stressing that only holders of valid Permanent Voter Cards (PVCs) would be accredited.
“This exercise is designed to test the functionality and efficiency of the Bimodal Voter Accreditation System (BVAS) under conditions similar to Election Day. There shall be no voting during the exercise,” the Commission stated.
INEC reaffirmed its appreciation to residents of Osun State for their continued cooperation and support throughout the electoral process.
INEC also assured political parties, the media, civil society organisations and other stakeholders of the Commission’s commitment to conducting a free, fair, credible, transparent and inclusive governorship election in Osun State.
Mr Dare made the remark while criticizing Alhaji Abubakar for hiring a United States of America lobbyist with $1.2 million, in preparation for the 2027 elections.
In a statement he personally signed, Mr Dare said the former vice president can’t take Nigeria down the path of self-destruction.
The statement read in part: “Worse still, for a man who presumes to offer leadership to Africa’s most populous nation, his recent resort to grievance offshoring, outsourcing political warfare to Washington and reportedly paying $1.2 million to an American lobbying firm to peddle petitions against a sitting Nigerian President, stands as an affront to Nigeria’s sovereignty and a vote of no confidence in its democratic institutions.
“It is also a stinging slight, an implicit condescension directed at generations of Nigerian journalists, policy analysts, academics, and public intellectuals who have spent decades analysing, critiquing, and carrying the burden of the nation’s democratic evolution.
“The Atiku Abubakar of today cuts a pitiable figure, a grotesque portrait of what a politician becomes when ambition overwhelms judgment and every political faculty becomes programmed for self-destruction.
“No, Atiku cannot take Nigeria down that path with him. He must travel it alone. But first, Nigerians deserve Atiku Abubakar’s report card. Charity, they say, begins at home, not in Washington.
“Nigerians deserve to know whether the Atiku Abubakar who has long presented himself as a democrat is, in reality, a politician of many colours. He has erected for himself a throne built simultaneously on sand and bayonets. It is time to explode the bayonets.”
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