The house of representatives ad
hoc committee investigating alleged irregularities in National Pensions
Commission (PenCom) has summoned the Central Bank of Nigeria (CBN) and
accountant general of the federation (AGF) over the whereabouts of N33 billion
pension fund.
The money, which was released by
the CBN, is reportedly not listed in the schedule of funds due for release to
the pension fund administrators by PenCom.
“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 next week Tuesday to clarify issues
surrounding the money claimed to have been remitted by PenCom,” said Ehiozuwa
Agbonnayinma, chairman of the committee, on Thursday.
Agbonayinma said the invitation
of the three agencies had become necessary in order for them to sit together
with the panel members and do detailed due diligence on the said amounts
whereabouts.
“From January to April 2017, we
want to know what happened between CBN, AGF’s office and PENCOM,” he added.
The committee chairman also noted
that the panel was not out to witchhunt anybody but is carrying out its duties
with due diligence.
The committee, set up by the
house in December 2018, is investigating the “unwholesome practices” by pension
administrators in the country.
At the hearing, which held in
Abuja, some of the unions and retirees accused PenCom of defaulting in their
operations.
The Nigeria Union of Contributory
Pensioners (NUCP) fingered the regulatory agency as their “major obstacle” in
the smooth operation of their operations.
Aigbokhaleode Asimiafele, one of
the union officials, also accused PenCom of “violating the provisions of the
law instead of regulating its activities for optimum benefits of retirees.”
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