PenCom Urges CSOs to Drive Accountability in Pension Reform
By Oluwakemi Kindness The National Pension Commission, PenCom, has called on civil society organisations to serve as partners and watchdogs in ongoing Pension Reform 2.0. The call comes as the Federal Government settles long-standing pension liabilities and rolls out reforms aimed at rebuilding trust in the pension system. Speaking on Tuesday, in Abuja, at the […]
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 […]
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 Suspends Seven Mortgage Banks Over Housing Loan Non-Compliance
By: Aremu Toyeebaht The National Pension Commission (PenCom) has taken decisive action to safeguard pension contributors’ funds by suspending equity contribution applications submitted through seven Primary Mortgage Banks (PMBs) over alleged breaches of its housing loan guidelines. In a circular dated August 11, 2025, signed by the Head of Benefits and Insurance Department, Obiora Ibeziako, […]
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 […]
PenCom Plans 75% Salary Pensions, Health Cover for Retired Police
By Oluwakemi Kindness The National Pension Commission (PenCom) has unveiled plans to raise police pensions to 75 per cent of an officer’s final salary before retirement and introduce a health insurance scheme for retired officers, as part of sweeping reforms to the Contributory Pension Scheme (CPS). PenCom’s Director General, Ms Omolola Oloworaran, disclosed the measures […]
Tinubu Orders Immediate Free Healthcare for Low-Income Retirees
By Oluwakemi Kindness President Bola Tinubu has ordered the immediate implementation of the free healthcare access programme for low-income retirees under the Contributory Pension Scheme (CPS). He describes it as a cornerstone of his administration’s social protection agenda and a vital step in safeguarding the dignity of senior citizens. The President also direct the prompt […]