Nigeria

FG inaugurates 16 board members for PENCOM

Friday, December 04, 2020 at 11:51 PM by Rahaman Abiola

Sixteen (16) new members of the National Pension Commission (PENCOM) board were inaugurated by the federal government on Thursday, December 3, through the office of the Secretary to the Government of the Federation (SGF).

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Speaking at the ceremony which was held in Abuja, SGF Boss Mustapha urged members of the board to ensure the implementation of sustainable pension policies.

According to him, 16 members will be saddled with the responsibility to proffer innovative and feasible solutions to the challenges of pension administration in Nigeria.

He added that in recent times the country had some challenges in the area of pension administration.

FG inaugurates 16 board members for PENCOM — FG on Thursday, December 4, inaugurated 16 board members for PENCOM. Credit:@PenComNig
Source: Twitter

Mustapha further stated that it was these challenges that necessitated the pension reform of 2004, which created PENCOM and introduced a mandatory Contributory Pension Scheme (CPS) for employees of both public and private sectors, with few exceptions in the public service.

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“As a government, we are always conscious of our responsibilities with regards to the payment of pensions to eligible retirees in the Federal Public Service."

The new members are:

Oyindasola Oni - chairman

Aisha Dahir-Umar

Clement Akintola

Anyim Nyerere

Charles Sylvester

Festus Dauda

Anita Shitu

Ayuba Waba

Bobboi Kaigama

Abel Afolayan

Timothy Olawale

Edward Adamu

Lamido Yuguda

Oscar Onyema

Olorundare Sunday

and the executive commissioner (administration) representing the northwest geo-political zone.

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In a related development, Ali Ndume, a senator representing Borno South, hailed the arrest of the former chairman of the defunct Pension Reform Task Force Team, Abdulrasheed Maina.

Speaking on Friday, December 4 in Abuja, Ndume who is the chairman of the Senate committee on army, said the arrest and extradition of the fugitive PRTFT boss has established a belief in the ability of the Nigeria Police Force (NPF).