EFCC, ICPC TO CRUSH PENSION DEFAULTERS AS PENCOM GETS TOUGH
GREATRIBUNETVNEWS–THE National Pension Commission (PenCom) is teaming up with the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices Commission (ICPC) to crack down on employers defaulting on pension payments.
KEY ISSUES:
– Pension Defaulters to Face Anti-Graft Agencies : PenCom to collaborate with EFCC and ICPC to ensure compliance.
– Recoveries Soar: ₦4.04 billion recovered Jan-Nov 2025, 180% increase from 2024.
– Compliance Boost: Value of pension claims and certificates issued up by ₦150 billion.
– Historic Milestone: ₦758 billion disbursed to retirees in one year, highest in 20 years.
– Quote: “When compliance is tied to real economic consequences, behaviors change.” – Omolola Oloworaran, DG, PenCom.
– Attribution: National Pension Commission (PenCom) media workshop, Lagos
The commission would continue to expand coverage, deepen trust, improve investment outcome, strengthen supervision, and protect retirees and active contributors for the next phase.
She hinted Pencom’s long term vision for the future of its medical fields, PenCare would be launched March next year, enrolling 30,000 retirees across in Nigeria.
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