House of Representatives' committee summons Emefiele, finance minister over PenCom probe

House of Representatives' committee summons Emefiele, finance minister over PenCom probe

- The House of Representatives have summoned the governor Central Bank of Nigeria (CBN), ministry of finance and civil service of the federation

- The head of agencies and ministry were summoned over National Pension Commission (PenCom) allegation

- The agencies and ministries involved bring relevant documents in the ongoing probe for a sitting scheduled to hold on Thursday, February 7

Members of the House of Representatives has summoned the heads of the Central Bank of Nigeria (CBN), ministry of finance and civil service of the federation over National Pension Commission (PenCom) allegation.

The lawmakers who are members of the ad-hoc committee investigating PenCom, requested that the agencies and ministries involved bring relevant documents in the ongoing probe for a sitting scheduled to hold on Thursday, February 7.

The Cable reports that the panel in its letter dated Monday, January 28, and signed by Ehiozuwa Agbonayinma, chairman of the committee invited the CNB governor, Godwin Emefiele; the minister of finance, Zainab Ahmed, finance minister.

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It was gathered that the panel also invited the Nigeria Labour Congress (NLC), Trade Union Congress (TUC) and all representatives of agencies and institutions of the governing board of PENCOM.

The House of Representatives ad-hoc committee, requested for the net assets of the contributory funds, details of supervisors and regulations of pension funds administrators, their key instructions and performances.

Speaking on the matter, Agbonayinma confirmed that heads of the ministry and have been invited to the investigative hearing.

He also said that: “We are not leaving any part untouched as we are going to conduct a thorough investigative hearing that is water-tight."

Meanwhile, Legit.ng previously reported that the federal government said it will release N4 billion to kick-start the full payment of salaries as minimum pension for some categories of retirees across Nigeria.

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The money to be released would be used under the Contributory Pension Scheme mandated by the Pension Reform Act, 2014.

Some of the retired professors and public office holders under the scheme who are not earning monthly pensions equivalent to their last salaries while in active service will soon start earning their last salaries as monthly pensions.

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Source: Legit

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