The National Pension Commission, PenCom, will next year enlist the support of the Economic and Financial Crimes Commission,EFCC, the Independent Corrupt Practices Commission and organized labour to ensure pension compliance by employers in the country.
Omolola Oloworaran, Director General, PenCom, who disclosed this at a media workshop in Lagos, expressed disgust over the non-remittance of employees’ pension by some players,adding that the collaboration with anti-graft agencies will improve remittances.
He lamented that most Nigerian media houses have been breaching pension rules, adding that her Commission would continue to explore ways to change the status quo with a view to ensuring that workers who burn their sweat for organizations are adequately paid commensurate pension after leaving their employ.
According to her, between January November 2025, total pension recoveries rhits 4.04 billion compared to 1.44 billion for the whole of 2024, representing a 180% increase,” she said.
In the third quarter, 2025, she said 2.06 billion was recovered, which is almost 150% of total recoveries recorded in the entire year of 2025.
She added:“We’re also seeing a similar shift in compliance behavior in the obtaining of pension claim and certificates. The value for pension claim and certificates issued average value on a quarterly basis was about 150 billion higher.
“Following our second line, the second quarter this year, the third quarter already recorded a value of 233 billion, far exceeding the average of preceding quarters. This clearly demonstrates that when compliance is tied to real economic consequences, behaviors change.”
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She hinted that PenCom approved and disbursed 758 billion naira to retirees in one year, stressing that the development represents the most historic milestone in the last 20 years when the Pension Reform Act was implemented.
Commending President Bola Tinubu for his vision, she said the intervention clarifies that Nigeria honors its promises to its workers and retirees.
Speaking further, she said the
The Commission has paid pension increase backlogs for federal government treasury-funded retirees, some dating as far back as 2007, he said.
She she said zero waiting time for payment of approved rights was restored with effect from July 2025 this year.
Omolola said the review of its reforms are bases on data, dialogue, and discipline with a view to ensuring inclusivity.
“We have not introduced these reforms in isolation at all.”
The commission would continue to expand coverage, deepen trust, improve investment outcome, strengthen supervision, and protect retirees and active contributors for the next phase.
She hinted Pencom’s long term vision for the future of its medical fields, PenCare would be launched March next year, enrolling 30,000 retirees across in Nigeria.
