PenCom Says Pension Funds Safe, Dismisses NLC Claims
By Oluwakemi Kindness The National Pension Commission, PenCom, has reassured Nigerian workers and retirees that their pension contributions remain safe and under strict regulation, dismissing recent allegations by the Nigeria Labour Congress, NLC, as misleading. In a letter responding to the NLC at the weekend, the Commission firmly rejects claims that workers and employers are side-lined in pension fund management or that PenCom engages in unauthorised spending. PenCom clarified that it does not directly invest contributors’ funds, explaining that only […]