Nigeria In One Minute

Fourteen Months After, PenCom Operating Without Board

Fourteen months after the dissolution of the former board of the National Pension Commission (PenCom) by President Muhammadu Buhari, the government is yet to constitute a new board to supervise the affairs of the Commission.

PenCom regulates the management and investment of N7.94 trillion pension funds from Nigerian workers’ savings.

However, since the dissolution of the former board on April 13, 2017, PenCom has been operating under a management and administrative system led by an Acting Director General, Mrs Aisha Dahiru-Umar.

Dahiru-Umar has been trying to steer the affairs of the Commission within the limited powers conferred on her by the Pension Act.

THISDAY‎, June 25, 2018

 

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