By Emman Ovuakporie & Johnbosco Agbakwuru
ABUJA—THE management of National Pension Commission, PenCom, has accused a former member of the House of Representatives, Chidi Duru and one George Ozodinobi of impersonation and forgery of shareholders’ signatures at the First Guarantee Pension Limited,FGPL.

Ozodinobi, who is laying claim to the chairmanship of the Board of FGPL, had dragged PenCom to the House of Representatives Committee on Public Petitions, accusing the management of unlawful activities and illegal appointment of an interim management against a subsisting order of the Federal High Court.

In the petition dated  April 14, 2016, with the title, “Unlawful Activities of the National Pension Commission,” the petitioner alleged that the commission, which is a Pension Fund Administrator, PFA, based in Lagos, on August 15, 2011, illegally appointed an interim management against the subsisting order of the Federal High Court.

But the Mrs. Chinelo Anohu-Amazu-led PenCom equally accused the petitioner of boycotting a hearing on the said petition and claimed that the commission had continued to undertake many “unlawful actions”, including; “disobedience to court order and the directive of the Attorney General and Minister of Justice.”

Besides, he accused the commission of lack of transparency in the management of First Guarantee Pensions Limited, FGPL, for nearly five years and not calling for Annual General Meetings, not publishing any audited account, not filing any annual return with the Corporate Affairs Commission (CAC); and not paying any dividend as well as managing the company in a manner that had resulted in the significant loss of its market shares.”