PenCom Investigation: Reps summon PFAs


The House of Representatives Ad-hoc Committee investigating the Apex pension body, PenCom, has invited top management staff of the commission and 21 Pension Funds Administrators, (PFAs) to appear before it on Thursday.

The committee, set up by the House in December 2018, is expected to investigate the unwholesome practices by pension administrators and custodians.

In a letter obtained by the News Agency of Nigeria (NAN) on Tuesday, and dated January 21, the committee invited the acting Director General Aisha Dahir-Umar, and other top management staff to explain their roles so far.

Also invited were the pension administrators and custodians mandated with the management of pension funds.

In the letter signed by the ad hoc committee Chairman, Johnson Agbonayinma, (APC-Edo), the stakeholders are expected to furnish the committee with vital information on the allegations leveled against the fund managers.

The committee, among other requests, demanded for the net assets of the contributory funds, details of supervisors and regulations of pension funds administrators; as well as their key instructions and performances.


SGF Campaign AD

Other requests demanded were compliance and defaults, details of payment into the Treasury Single Account (TSA) and bank accounts operated by the commission.

When contacted by journalists, Mr Agbonayinma confirmed the invitation of PenCom by the committee.

He said: “Yes, we have invited the top management of PenCom and PFAs to an interactive session before the investigative public hearing.

“The 21 recognised pension fund administrators are expected to be part of the session with members of our committee.”


Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.


NEVER MISS A THING AGAIN! Subscribe to our newsletter

* indicates required


Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application

TEXT AD: This space is available for a Text_Ad.. Call Willie on +2347088095401 for more information

All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.