Why Federal Government charged PenCom Board to safeguard N28 trillion pension assets
By allcitynews.ng Following the pivotal roles of National Pension Commission (PenCom) to both workers and pensioners, Federal Government has charged the apex pension monitoring agency to safeguard the funds in its custody, as a cornerstone of Nigeria’s financial architecture. The Federal Government made the charged during the inauguration of the newly Governing Board of PenCom to uphold the highest standards of corporate governance and ensure the safety of over N28 trillion in pension assets under the Contributory Pension Scheme (CPS). Speaking during the inauguration ceremony in Abuja recently, the Secretary to the Government of the Federation, George Akume, reiterated that PenCom as a cornerstone of Nigeria’s financial architecture is entrusted with managing the retirement savings of millions of workers. He said the inauguration reflects government’s resolve to sustain a pension system that is transparent, resilient, and capable of inspiring public confidence. D...
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