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Home Markets Fixed Income Funds Management

President Buhari nominates Dr. Farouk Aminu as PenCom commissioner

Chidi Emenike by Chidi Emenike
December 2, 2020
in Funds Management
President Buhari nominates Dr. Farouk Aminu as PenCom commissioner
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President Muhammad Buhari has nominated Dr. Umaru Farouk Aminu as a commissioner-elect representing the North-West zone of the country in the National Pension Commission (PenCom).

This is according to a press release on the website of Pension Nigeria, as seen by Nairametrics.

READ: Nigerian pension funds increase exposure to foreign money market funds

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According to the disclosure, the appointment of  Dr. Farouk was discussed at the Senate plenary session and subsequently forwarded to Committee on the establishment and public service matters for further legislative actions, which is to be reported back in two weeks.

READ: Lagos 2021 Appropriation Bill scales through second reading

What you should know

  • Senator Yahaya Abdullahi moved the motion for the confirmation of the nomination of Dr. Farouk for appointment as full-time commissioner.
  • Senator Abdullahi affirmed that the nomination is in tandem with the provisions of Section 19(3) of the Pension Reforms Act, 2014.
  • In lieu of this, the request of the president C-in-C was referred to an ad-hoc committee for further hearing and considerations, with the mandate to report back in two weeks.

READ: How foreign exchange risks and others affect the Nigerian pension industry 

READ: PenCom okays N2.58billion for relatives of 591 deceased workers in three months

Related

Tags: Dr. Umaru Farouk AminupencomPresident Muhammad Buhari

Comments 2

  1. Akomolede says:
    December 2, 2020 at 1:20 pm

    Housa in all Nigerians post. Wow its better to separate the country. Because this so bad. No ibo or yoruba in Nigeria post all of them is housa

    Reply
  2. Anonymous says:
    December 2, 2020 at 8:09 pm

    Hausa Head all Nigeria post are they educated than others

    Reply

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