Finance Headline Local News Nigeria

PenCom denies link with ASSOPEP

The National Pension Commission PenCom has called on the public to be cautious of any promise or claim made by the Association of Pension Desk Practitioners of Nigeria ASSOPEP regarding pension and retirement benefits or any other matter relating to the pension industry in Nigeria.

A statement by PenCom says the Commission strongly advises workers, retirees, pension desk officers and everyone approached by the Association with claims of consulting with their Pension Fund Administrators (PFAs) and PenCom for guidance and assistance in respect of their retirement benefits to exercise caution as any interaction with the Association is at the individual’s own risk

The statement says ‘’ The attention of the National Pension Commission (PenCom or Commission) has been drawn to the illicit activities of the Association of Pension Desk Practitioners of Nigeria (ASSOPEP). PenCom has particularly noted ASSOPEP’s claims of resolving pension issues and assisting retirees in securing their retirement benefits’’.

‘’The general public is kindly requested to note that the claims by ASSOPEP are entirely false as the Association has no affiliation with the pension industry nor authorization of any kind whatsoever from PenCom. Moreover, Licensed Pension Fund Operators (LPFOs), who are statutorily mandated to undertake the processing and payment of retirement benefits, are not associated with ASSOPEP in any way’’.

According to the statement, PenCom has, reported the activities of ASSOPEP to law enforcement agencies for appropriate action.

Writing by Folasade Orimolade, editing by Daniel Adejo