ICPC, PenCom tighten noose on pension defaulters, recover N3bn

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the National Pension Commission (PenCom) have recovered more than N3 billion in unremitted pension contributions from defaulting employers, marking a major breakthrough in the enforcement of Nigeria’s pension laws.
PenCom disclosed this in a statement yesterday, noting that the recovery was made through a joint enforcement initiative with the ICPC aimed at tackling pension contribution defaults and safeguarding the retirement savings of Nigerian workers.
According to the commission, the recovered funds were obtained from defaulting employers in the electricity sector and have been fully remitted into th...