OrderPaperToday – The House of Representatives ad-hoc committee charged to investigate the activities of national Pension Commission (PenCom) and violation of the enabling act from April 2017 till date on Thursday commenced a public hearing.
Recall that in December 2018, the House deliberated on the matter of alleged corruption in PenCom and resolved on a probe.
Declaring the hearing open, Speaker Yakubu Dogara noted that the House is concerned about resolving the issue in the spirit of transparency and accountability.

According to Dogara, who was  represented by his colleague, Mr. Munir Danagundi (APC, Kano), the House is concerned because of the magnitude of pension assets involved which is over N8.9 trillion, an equivalent of the national budget.

“It is the concern of every member and citizen of the country to see that the right thing is done so that nothing happens to our pension funds,” he said.

Chairman of the ad-hoc committee, Mr. Johnson Agbonayinma (APC, Edo) in his remarks, explained that the hearing seeks to get and extract every information to resolve the concerned issue.

He therefore urged stakeholders to cooperate in order to ensure a fruitful resolution.

At the technical session of the hearing, Acting Director General of Pencom, Aisha Umar, debunked  allegations by the House that the Commission had increased the number of serving directors.

“What we have done is reduction and not an increase of the directorate”, Umar said.

While fielding answers at the hearing, the official however admitted that due process was not followed in the commission’s recent recruitment exercise.

On his part, President of the Nigeria Labour Congress (NLC), Ayuba Wabba noted that there was a clear violation of the PenCom act.

Wabba revealed that deductions from workers’ salaries are not remitted as required by the law and demanded that the board and management be reconstituted.

The labour leader further advised that gratuity be paid to workers during their retirement.

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