PenCom reassures on safety of pension funds

August 21, 2022 1

The National Pension Commission (PenCom) said it is committed to ensuring the safety of pension funds, stating that adequate structures have been established in this regard. The Commission also promised to continue to develop and implement innovative polices to foster safety and fair returns on pension fund investment as the pension industry and financial system […]

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Audit Query: House Probes NIPC over N1bn Extra Budgetary Expenditure

Udora Orizu in Abuja The House of Representatives Committee on Public Accounts (PAC) has commenced investigation into how the Nigeria Investment Promotion Commission (NIPC), a federal government agency under the Federal Ministry of Industry, Trade and Investment, engaged in extra budgetary expenditure of N1.19 billion in 2018 and 2019. Accordingly to a report from the office of the Auditor General of the Federation, the NIPC had a budget of N194 […]

August 21, 2022