PenCom Recovers N32 Billion in Pension Remittances from Defaulting Employers
The National Pension Commission (PenCom) has recovered a total of N32.27 billion from defaulting employers who failed to remit pension deductions from employees' salaries. The recovery includes N15.87 billion in recovered principal contributions and N16.40 billion in penalties from defaulting employers.
PenCom has recorded significant compliance gains, with N2.06 billion recovered in the third quarter of 2025 alone. Director-General Omolola Oloworaran highlighted the importance of enforcing compliance to uphold the pension system's integrity.
The workshop also featured discussions on the challenges faced by the Contributory Pension Scheme due to persistent defaults by employers.
Plus234Feed summary based on reporting from This Day. Read the original report below.
Read full article
Continue on This Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
PenCom and ICPC Partner to Enhance Pension Compliance and Recover Unremitted Funds
Nigerian States and Firms Evade Pension Remittances Despite N15bn Fines
PenCom Disburses N577 Billion to 1.05 Million Retirees, Clearing Pension Backlogs
PenCom Boosts CPS Retirees' Pensions with N2.6 Billion Injection
PenCom: Over 552,000 Retirees Receiving Regular Pensions in Nigeria
Nigerian Retirees to Receive Full Pension Payments by December 2025, Confirms PenCom
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
