The National Pension Commission has expressed its readiness to
begin the prosecution of employers who have refused to remit about N10.78bn
pension funds deducted from their workers’ monthly emoluments into Retirement
Savings Accounts under the Contributory Pension Scheme.
It said it would carry out the threat if the employers failed to
refund the contributions with the accruing interests, which had accumulated as
of the first quarter of this year.
According to PenCom, the figure was established by the agents
employed by the commission to recover the contributions with interests.
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