PenCom, PFAs Launch Online RSA Data Recapture
By Oluwakemi Kindness The National Pension Commission (PenCom), in collaboration with Pension Fund Administrators (PFAs), will on 1 February 2026 launch a self-service online data recapture platform for Retirement Savings Account (RSA) holders. The platform, known as the Data Recapture Self-Service Platform (PENCAP), enables contributors to remotely update their personal records without visiting their PFAs. […]
PenCom Approves 1,173% Pension Increase for 2,116 NSITF Retirees
By Oluwakemi Kindness The National Pension Commission (PenCom) has approved a major upward review of pensions for 2,116 retirees under the Nigeria Social Insurance Trust Fund (NSITF), raising their total monthly pension payments from ₦12.56 million to ₦159.95 million. The approval represents an unprecedented 1,173 per cent increase in total monthly pension payouts and […]
PenCom Recovers ₦32.27bn, Sanctions Defaulting Employers
By Oluwakemi Kindness The National Pension Commission (PenCom) has intensified its enforcement campaign on pension compliance, announcing that it has recovered a total of ₦32.27 billion in unremitted pension contributions and penalties from defaulting employers between June 2012 and September 2025. Of this amount, ₦15.87 billion represents outstanding pension contributions, while ₦16.40 billion were recovered […]
PenCom, ICPC Partner to Enforce Pension Compliance, Restore Trust in System
By Oluwakemi Kindness The National Pension Commission (PenCom) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) have signed a landmark Memorandum of Understanding (MoU) to strengthen transparency, accountability, and integrity in Nigeria’s pension administration. Signed at a formal ceremony in Abuja on Tuesday, the agreement establishes a structured framework for collaboration between […]
Pencom: FG’s N758bn Pension Bond to Clear Arrears, Rebuild Trust
By: Aremu Toyeebaht The National Pension Commission (PenCom) has described President Bola Tinubu’s approval of a ₦758 billion bond to clear outstanding pension arrears as a major milestone in rebuilding trust and accountability within Nigeria’s pension system. The fund, approved under the Contributory Pension Scheme (CPS), is designed to settle long-standing pension liabilities owed to […]
No Retiree Will Be Left Behind – PenCom
By Oluwakemi Kindness Speaking at the Stakeholders’ Conference on the Workings of the CPS in Abuja, PenCom’s Director General, Omolola Oloworaran, described the gathering as “a continuation of a national conversation that directly impacts the lives, dignity, and future of millions of Nigerian workers and retirees.” Represented by the Acting Commissioner for Technical, Hafiz Kawu-Ibrahim, […]
PenCom Raises Capital Base for Pension Operators
By Oluwakemi Kindness The National Pension Commission (PenCom) has announced a major increase in the minimum capital requirements for Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs). It describes this as a strategic move to strengthen Nigeria’s pension industry and protect workers’ retirement savings. In a circular signed by the Director of Surveillance, A.M. […]
PenCom, TUC Partner to Safeguard Nigerian Workers’ Pensions
By Oluwakemi Kindness By Oluwakemi Kindness The National Pension Commission (PenCom) has reaffirmed its commitment to work more closely with the Trade Union Congress of Nigeria (TUC) to strengthen pension compliance and safeguard the retirement savings of Nigerian workers PenCom Director General, Ms. Omolola Oloworaran, gave the assurance during a courtesy visit to the TUC […]
Nigeria’s PenCom Clears Pension Arrears, Launches Pension Reform 2.0
By Oluwakemi Kindness The National Pension Commission (PenCom) says it has cleared all outstanding pension arrears under the Contributory Pension Scheme (CPS). This is according to the Director-General of PenCom, Ms. Omolola Oloworaran, who said retirees under the scheme now receive their benefits promptly. She stated this on Thursday while speaking with newsmen shortly after […]
PenCom Will Strengthen State Partnerships to Protect Retirees – DG
By Oluwakemi Kindness The Director-General of the National Pension Commission (PenCom), Ms. Omolola Oloworaran, has reaffirm the Commission’s readiness to strengthen partnerships with state governments in order to safeguard the welfare of pensioners across Nigeria. She made this known while receiving the Executive Governor of Kogi State, Ahmed Usman-Ododo, who paid her a courtesy visit […]