Investigation: Reps invite PenCom DG, top staff, 21 PFAs
The House of Representatives ad - hoc committee investigating the apex pension body , National Pension Commission has invited top management staff of the commission and 21 Pension Funds Administrators, to appear before it on Thursday .
The committee, set up by the House in December 2018 , is expected to investigate the unwholesome practices by pension administrators and custodians .
In a letter obtained by the News Agency of Nigeria on Tuesday , and dated January 21 , the committee invited the acting Director General Aisha Dahir - Umar , and other top management staff to explain their roles so far .
Also invited were the pension administrators and custodians mandated with the management of pension funds .
In the letter signed by the ad - hoc committee chairman , Rep. Johnson Agbonayinma, ( APC- Edo) , the stakeholders are expected to furnish the committee with vital information on the allegations levelled against the fund managers .
The committee, among other requests , demanded the net assets of the contributory funds , details of supervisors and regulations of pension funds administrators ; as well as their key instructions and performances.
Other requests demanded were compliance and defaults, details of payment into the Treasury Single Account and bank accounts operated by the commission .
When contacted by journalists , Agbonayinma confirmed the invitation of PenCom by the committee.
He said , “ Yes , we have invited the top management of PenCom and PFAs to an interactive session before the investigative public hearing.
“ The 21 recognised pension fund administrators are expected to be part of the session with members of our committee. ”