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Pension: EFCC To Prosecute Defaulting Companies
  • August 19, 2016
  • Unity Times
EFCC-Logo-The-Trent
The National Pension Commission(PENCOM) is currently compiling list of companies and organizations defaulting in remitting employees contributions to Pension Fund Administrators (PFA’s).
The Commission also said it would involve the Economic and Financial Crimes Commission(EFCC) and other law enforcement agencies to prosecute defaulters.
The Director-General of PENCOM,Mrs Chinelo Anohu-Amazu, who disclosed these in Lagos yesterday at a world press conference to announce the third edition of the World Pension Summit Africa which would be hosted by the agency in Abuja between September 27 and 28,said it was a criminal act for any one or bodies to collect employees fund for  pensio‎n purpose and renege to do so.
The Pencom boss said her agency’s current effort was designed to continually nurture transparency in pension administration in Nigeria.
She said of the 24 states that had embraced employee scheme,only 10 had since commenced full implementation of same.
She added that her agency was desirous to ensure that all the states in the country as well as self-employed in Nigeria embraced the scheme‎ so that employees would have something to fall back on at retirement age.

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