• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Suspicion grows as PenCom refuses to disclose bank statements to lawmakers

Adaobi Nnadiukwu by Adaobi Nnadiukwu
April 10, 2019
in Business News, Politics
PenCom, unremitted pensions, Lagos State Pension Commission, LASPEC, Pension Fund Assets, PFAs make N1.69 trillion ROI  

Acting Director-General, PenCom, Aisha Dahir-Umar.

Share on FacebookShare on TwitterShare on Linkedin

The National Pension Commission (PenCom) has again failed to provide the statement of its accounts with the Central Bank of Nigeria (CBN), to the House of Representatives’ Ad Hoc Committee investigating the alleged withdrawal of N33 billion from the commission’s account.

investigating the activities of the National Pension Commission

The committee had written to PenCom several times – During a hearing of the committee in Abuja, yesterday, the Chairman of the Committee, Mr Johnson Agbonayinma, said that the committee had written to PenCom several times, requesting for various documents to assist with the tracking of the missing funds but all to no avail.

RelatedStories

FCT High Court, Benjamin Joseph, zinox

Appeal Court reverses N579bn Stamp Duty payment to Kasmal Services in CBN’s favor 

July 16, 2025
Naira , dollar, exchange rate

Naira depreciates to N1,555/$1 ahead of 301st MPC meeting 

July 16, 2025

“We have written several letters…’submit your bank statement and all transactions with CBN.’ Up till now (no response). Every request that we have made, they are just manoeuvring. Is there anything else you want us to do to get your attention to submit it? Look at the CBN, everything we requested they have submitted.”

Another issue was the number of accounts the commission has

The issue became a mystery when there was a difference of opinion between CBN and PenCom on how many accounts PenCom operated on.

Disagreement over the number of accounts – The Central Bank of Nigeria said PenCom has five accounts, while the Head of PenCom‘s Contributory Bond and Redemption Department, Mr. Lana Loyinmi, who stood in for the the Acting Director-General, Aisha Dahir-Umar, said “I think it is about three.”

However, after further questioning, Loyinmi said “I don’t know the exact number.” According to him, the information could be provided by PenCom’s Director of Finance, who was unfortunately absent at the hearing.

Agbonayinma’s response to PenCom’s indecisiveness 

As expected, Agbonayinma was not happy with the inconsistencies. He said:

“We have the CBN here. We asked them and they told us the number. During the last public hearing, the Acting DG also specified it. In her submission, she told us they had one but the CBN came and told us that you have five accounts. You (Loyinmi) said they are three; if you don’t know, you don’t know. Don’t assume. If you are here to represent the Acting DG and you don’t know how many accounts PenCom operates with CBN, there is a problem.”

The aim of the investigation – Agbonnayinma, said that the aim of the investigation was to correct the wrongs in the commission and to move the nation forward saying that it was not about a witch-hunt.


Follow us for Breaking News and Market Intelligence.
Tags: Aisha Dahir-UmarCBNCentral Bank of NigeriaHouse of Rep Ad Hoc CommitteeJohnson AgbonayinmaLana Loyinmipencom
Adaobi Nnadiukwu

Adaobi Nnadiukwu

Related Posts

FCT High Court, Benjamin Joseph, zinox
Breaking News

Appeal Court reverses N579bn Stamp Duty payment to Kasmal Services in CBN’s favor 

July 16, 2025
Naira , dollar, exchange rate
Currencies

Naira depreciates to N1,555/$1 ahead of 301st MPC meeting 

July 16, 2025
Currencies

Analysts predict naira won’t drop beyond N1,600 in H2 2025, cite reasons 

July 16, 2025
CBN, MPC
Financial Services

CBN opens application for Knowledge Acceleration Programme to shape future research priorities 

July 13, 2025
Naira , dollar, exchange rate
Currencies

Naira strengthens to N1,550/$ in parallel market; here’s why it’s gaining 

July 12, 2025
CBN, forex
Financial Services

Financial fraud in Nigeria surges by 45%, 70% of losses linked to digital platforms – CBN 

July 10, 2025
Next Post
Aliko Dangote, Milk importation, CBN, You probably wouldn't know Dangote dances until you watch this video  , Aliko Dangote’s net worth falls by $1.3 billion in a week

Femi Otedola celebrates his friend, Aliko Dangote, as he clocks 62

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Adeleke reduced Osun’s debt profile by 43% between 2022 and 2025 – State Govt 
  • World Bank: Mobile money fuels record financial inclusion in Nigeria, other developing economies in 2024 
  • Larry Ellison, Jensen Huang are $11.6 billion richer in 24 hours 

Follow us on social media:

Recent News

Gold mining: Thors Exploration agrees to pay N1.2 billion PAYE tax assessment – Osun Government

Adeleke reduced Osun’s debt profile by 43% between 2022 and 2025 – State Govt 

July 16, 2025
List of 18 mobile money operators in Nigeria insured by NDIC

World Bank: Mobile money fuels record financial inclusion in Nigeria, other developing economies in 2024 

July 16, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics