{
  "id": 18542343,
  "title": "'Employers stealing from Nigerians' - PenCom seeks EFCC support in tackling pension fraud",
  "url": "https://urgent.news/2026/11/06/employers-stealing-from-nigerians-pencom-seeks-efcc-support-in",
  "topic": "world",
  "section": "World",
  "published": "2026-11-06T17:28:03.000Z",
  "source": {
    "name": "Daily Post Nigeria",
    "slug": "daily-post-nigeria",
    "url": "https://dailypost.ng/2026/11/06/employers-stealing-from-nigerians-pencom-seeks-efcc-support-in-tackling-pension-fraud/"
  },
  "original_language": "en",
  "account": "The National Pension Commission (PenCom) has sought the Economic and Financial Crimes Commission (EFCC) to collaborate in tackling the issue of pension fraud in Nigeria. PenCom Director General Omolola Oloworaran made the request in Abuja on October 5, 2026, while leading a delegation to the EFCC headquarters. Oloworaran expressed her concerns over the increasing trend of employers failing to remit the mandatory pension contributions required by the Pension Reform Act 2004.\n\nOloworaran highlighted that many employers not only fail to remit the 10 percent of pension contributions from their employees, but they also deduct the required 8 percent deducted by the employees, yet fail to remit the funds to their retirement savings accounts. She expressed her confidence in the EFCC's ability to help resolve the issue and bring the defaulter employers to justice.\n\nCompliance and Enforcement Department Acting Director at PenCom, Ahmed Lawan, stated that the main concern is when employers deduct the pension funds, but refuse to remit them, denying retirees their rightful benefits. He emphasized the need for a collaborative framework between PenCom and EFCC to address the concerning situation.\n\nEFCC Chairman Mr. Ola Olukoyode described the development as fraudulent and assured of his commitment to investigating the alleged crime and bringing the perpetrators to justice. Olukoyode stated that he will give the report an accelerated action and take necessary steps to recover the outstanding monies and rid the pension industry of such fraudulent practices against Nigerians.",
  "summary": "The National Pension Commission, PenCom, has sought the collaboration of the Economic and Financial Crimes Commission, EFCC, to deal with fraudulent activities in the nation’s pension industry, especially the challenges of unremitted pension funds by some employers, It said employers were stealing from Nigerians. Director General of PenCom, Omolola Oloworaran made the demand in Abuja […]…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}