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Thursday, 4th June, 2020
 Nigeria   ::   News
House of Reps summon CBN Boss, AGF over N33bn pension fund
Apr 05, 2019
By: Amarachukwu Akaigwe
Mr Godwin Emefiele, Governor of Central Bank of Nigeria

The Federal House of Representatives, on Thursday, called on the Gov. of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, to appear before it over alleged discrepancies in the remittance of N33 billion pension deductions by the National Pension Commission (PenCom).

The House also invited the Accountant-General of the Federation (AGF), Ahmed Idris, to appear alongside Emefiele before its Ad hoc Committee to Investigate the Activities of PenCom and its administrators on Tuesday, April 9, according to News Agency.

Johnson Agbonayinma (APC-Edo), the Chairman of the committee, gave the directive at a public hearing in Abuja.

He said the invitation was necessary to clarify noticeable discrepancies in the pension deductions claimed to have remitted by Aisha Dahir-Umar, Acting Director-General of PenCom.

Adding that submissions by the apex bank governor and the AGF would guide the committee in wrapping up the investigative hearing.

According to him, the outcome of the investigation is in the interest of Nigerian pensioners and the public.

“This ad hoc committee invites the Governor of the Central Bank of Nigeria (CBN) and the Accountant-General of the Federation (AGF) to appear before it on Tuesday, April 9, to clarify issues surrounding the money claimed to have been remitted by PenCom,” he said.

Meanwhile, the Nigerian Union of Contributory Pensioners (NUCP) has said that “the new pension scheme has compounded, rather than alleviating problems faced by retirees under the Contributory Pension Scheme.”

In a memorandum submitted to the ad -hoc committee by the union and signed by its leaders, Messrs U.C. Ekpo and Emezuru Eugene, NUCP attributed the problems faced by contributory pensioners to some of the faulty provisions of the 2014 Pension Act (as amended).

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