Director-General, PenCom, Mrs. Aisha Dahiru-Umar
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Chuks Udo Okonta
The National Pension Commission (PenCom) said it recovered N608,554,747.59 representing principal contribution N162,385,260.05 and penalty N446,169,487.54 from 25 defaulting employers in the first quarter of 2021.
PenCom stated this in the first quarter report published on its website, stressing that the recovery was made following the issuance of demand notices to defaulting employers whose pension liabilities had been established by the Recovery Agents (RAs).
The pension industry regulator noted that within the period, it also received a total of 14,741 applications from private sector organisations for the issuance of Pension Clearance Certificates (PCCs).
Out of this number, it said PCCs were issued to 9,299 organisations while 5,442 applications were being processed. The records show that a total sum of N41,971,011,350.51 was remitted into the Retirement Savings Accounts of 163,286 employees of the 9,299 organisations, it submitted.
