PenCom Advance Massive Infrastructure Investment Vehicle

PenCom Advance Massive Infrastructure Investment Vehicle

The National Pension Commission has reached the final administrative stages of deploying a dedicated pension industry infrastructure fund to drive long-term domestic economic growth. Omolola Oloworaran, the director-general, confirmed that the regulatory body has already completed the primary governance framework for the Pension Industry Infrastructure Fund (PIIF). Licensed pension fund administrators are currently reviewing the…

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PenCom Advance Massive Infrastructure Investment Vehicle

Regulators Claw Back Three Billion Naira Pension Arrears

The National Pension Commission and the Independent Corrupt Practices and Other Related Offences Commission have recovered over N3 billion in unremitted pension deductions from defaulting employers. The enforcement drive targeted chronic violators within the domestic electricity sector who withheld statutory worker savings. Officials have already credited the clawed-back funds directly into the individual retirement savings…

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