PenCom alerts public on illicit activities of ASSOPEP

10% of Nigerians have access to pensions’

The National Pension Commission (PenCom) has drawn the attention of the Nigerian public to the illicit activities of the Association of Pension Desk Practitioners of Nigeria (ASSOPEP) which claims to be resolving pension issues and assisting retirees in securing their retirement benefits. 

Head of Department, Corporate Communications of PenCom, Mr. Abdulqadir Dahiru, in a statement said the claims by the Association are entirely false as the it has no affiliation with the pension industry nor authorisation of any kind whatsoever from PenCom. 

Read:  Fitch affirms ratings of FBN holdings, first bank

Dahiru maintained that Licensed Pension Fund Operators (LPFOs), who are statutorily mandated to undertake the processing and payment of retirement benefits, are not associated with ASSOPEP in any way. 

“The attention of the National Pension Commission (PenCom or Commission) has been drawn to the illicit activities of the Association of Pension Desk Practitioners of Nigeria (ASSOPEP). 

Read:  Shareholders approve Guinness Nigeria N1.008bn dividend

“PenCom, therefore, urges the general public to be cautious of any promise or claim made by ASSOPEP regarding pension and retirement benefits or any other matter relating to the pension industry in Nigeria,” The statement read.

He stressed that the Commission strongly advise workers, retirees, pension desk officers and everyone approached by the Association with claims of consulting with their Pension Fund Administrators (PFAs) and PenCom for guidance and assistance in respect of their retirement benefits, to exercise caution as any interaction with the Association would be at the individual’s own risk.  He added that PenCom has, in the meantime, reported the activities of ASSOPEP to law enforcement agencies for appropriate action. 

Read:  Linkage Assurance posts N4.6bn gross written premium in Q1


Related posts

Access Bank Unveils DiamondXtra Season 14,Offers N270m in prizes and digital marketing training


Living Trust Mortgage Bank nominated for independent finance award 


NOVA Merchant Bank registers N50bn CP on FMDQ exchange


Stanbic, Standard Chartered, Citi lead as banks record $38.2bn foreign inflows.


Access Bank launches awareness campaign to combat E-banking fraud


Vitafoam Nigeria increases dividends by 127% to N2.22b


Leave a Comment