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Stakeholders insist CPA working for indicted, unscrupulous individuals

STAKEHOLDERS in the nation’s Pension Industry, have reiterated earlier calls on Nigerians, especially contributors to    the Contributory Pension Scheme, CPS, to be wary of faceless groups working for and with vested interest bent on destroying the gains of the scheme and its regulator; National Pension Commission, PenCom.

According to stakeholders, in recent times, indicted and unscrupulous individuals have been using faceless groups to malign and cast aspersions on the integrity of PenCom, in the media with fabricated, unfounded and fallacious allegations against PenCom.

Speaking through the Centre for Humanity, CFH, the stakeholders cited the case of group that calls itself Centre for Public Accountability, CPA, that has continued to insult the sensibility of stakeholders in the pension industry and other Nigerians with fictitious petitions and allegations of corruption against PenCom, while displaying its crass ignorance on the administration and workings of the Commission.

The CFH, which had earlier described the CPA’s allegations as “fallacious and self-serving” and urged President Mohammadu Buhari to ignore the frivolous allegations, called on the group and others like it to stop distracting PenCom and allow the commission to focus on its constitutional responsibilities, especially ensuring that workers    enjoy their retirement comfortably.

According to CFH’s Spokesperson, Mrs. Ngozi Ogbu, we once again, repeat that CPA is ignorance of the pension industry and is serving the interest of persons who have been indicted by PenCom for huge fraud and are being hunted by the Economic and Financial Crimes Commission, EFCC.

Corruption  allegations

The group should stop insulting the sensibility of stakeholders in the sector with its fictitious and unfounded corruption allegations and advise its pay masters to go and face the EFCC to clear themselves of fraud indictment.

Like we said before, the allegations of fraud and irregularities are false alarm and desperate moves at discrediting and watering down the ongoing collaborative efforts of PenCom and EFCC to bring pension law offenders to book.

The wrong facts, narratives, figures, and law citations by the CPA on the pension industry and PenCom, clearly portray CPA as an ignorant group dabbling into an unfamiliar terrain and one that is out to deceive unsuspecting members of the public.

“The CPA lied that pension assets stand at N5.4 Trillion, whereas indeed it stood at over N5.8 Trillion as at July 2016. Instructively, the Director-General of PenCom, Mrs. Chinelo Anohu-Amazu, who is the target of the CPA’s smear campaign, met the pension assets at N3.2 trillion as an Acting DG in December 2012, but under her leadership and strict regulatory stance, pension fund has grown to N5.8 trillion as at July 2016.

It is also noteworthy that the labour, which is a key stakeholder in the pension industry recognised her disciplined management of PenCom and pension resources by conferring on her the Trade Union Congress of Nigeria, TUC, “Excellent, Visionary, and Emphatic Leader” Award at the Union’s 2016 Triennial Delegates Conference.

It should worry well meaning Nigerians that these baseless accusations and false alarms are coming on the heels of the renewed crackdown on pension law offenders by the combined efforts of the EFCC and PenCom.”



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