Close Menu
    What's Hot

    Abbey Mortgage Bank Soars 47% on CBN Licence Approval

    June 7, 2026

    Riskoff- Nigerian Stock Market Declines N4.4trn to N156trn

    June 7, 2026

    BCHUSD – Bitcoin Cash Dips on Extreme Fear, Technical Breakdown

    June 6, 2026
    Facebook X (Twitter) Instagram
    • Home
    • About Us
    Facebook X (Twitter) Instagram WhatsApp
    MarketForces AfricaMarketForces Africa
    Subscribe
    Sunday, June 7
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » PenCom, NLC to Begin Crackdown on Pension Defaulters in Lagos
    News

    PenCom, NLC to Begin Crackdown on Pension Defaulters in Lagos

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiMay 20, 2026No Comments3 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    PenCom, NLC to Begin Crackdown on Pension Defaulters in Lagos
    Share
    Facebook Twitter Pinterest Email Copy Link

    PenCom, NLC to Begin Crackdown on Pension Defaulters in Lagos

    The National Pension Commission (PenCom) and the Nigeria Labour Congress (NLC) Lagos Council will begin enforcement against pension defaulters under the Contributory Pension Scheme from June 1.

    The NLC Lagos Council Chairperson, Funmi Sesi, disclosed this after an interactive session organised by PenCom in Lagos on Tuesday.

    The session focused on the workings of the Contributory Pension Scheme (CPS) and sensitised labour leaders on pension compliance obligations under the Pension Reform Act.

    Sesi condemned the continued failure of some government agencies and private employers to remit deducted pension contributions to Pension Fund Administrators.

    “It is unacceptable that in spite of monthly deductions from workers’ salaries, some employers deliberately fail to remit the funds,” she said

    She warned that the practice endangered workers’ future and undermined their economic security after retirement.

    “The non-remittance of pension contributions constitutes a gross violation of labour laws and abuse of workers’ trust,” Sesi stated.

    She described pension as a fundamental workers’ right, stressing that employees deserved to retire with dignity after years of productive service.

    According to her, NLC and PenCom had received growing complaints from affected workers across public and private establishments in Lagos.

    Sesi said the complaints prompted immediate monitoring and enforcement efforts in collaboration with PenCom and other relevant stakeholders.

    She warned that the congress would mobilise affiliate unions against employers refusing to comply with pension remittance obligations.

    “If we need to purchase locks and keys just to ensure compliance and enforcement, we will apply that.

    “We are the voice for the voiceless, the power for workers and the last hope of workers and pensioners,” Sesi said.

     She further warned that defaulting employers risked public exposure and possible legal action for violating pension regulations.

    Sesi urged employers to comply fully with pension laws to promote industrial harmony, social justice and national development.

    Also speaking, PenCom Director-General, Omolola Oloworaran, said the Contributory Pension Scheme guaranteed financial security for workers after retirement.

    Oloworaran, represented by Mr Ahmed Lawan, Head of Compliance and Enforcement Department, said retirees previously suffered severe hardship and delayed pension payments.

    She noted that the CPS had improved pension administration but accused some employers of frustrating the scheme through non-remittance of deductions.

    Oloworaran warned ministries, departments, agencies, parastatals and private firms against denying workers their pension rights.

    She stressed that retirement should not become painful after years of dedicated public and private service.

    “Deducting workers’ pension contributions without remitting them is a criminal offence under the pension law,” she warned.

    The PenCom chief encouraged affected workers to report defaulting organisations to the NLC for investigation and enforcement.

    She assured workers that identities of whistleblowers would remain protected where necessary during enforcement operations.

    Oloworaran announced that PenCom and NLC would begin joint monitoring and enforcement exercises across Lagos from June.

    “We will go after organisations involved in non-remittance of workers’ pension deductions in Lagos State,” she said.

    She urged workers to cooperate by providing useful information to strengthen compliance efforts and protect employees’ retirement savings.

    The NLC inaugurated a committee of task force commanders from affiliate unions to support enforcement operations statewide. #PenCom, NLC to Begin Crackdown on Pension Defaulters in Lagos#

    World Bank to Scale up Africa Guarantees to $6.4bn by 2030

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    Ogochukwu Ndubuisi
    • Website
    • Facebook
    • X (Twitter)
    • LinkedIn

    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

    Related Posts

    News

    Abbey Mortgage Bank Soars 47% on CBN Licence Approval

    June 7, 2026
    News

    Riskoff- Nigerian Stock Market Declines N4.4trn to N156trn

    June 7, 2026
    News

    BCHUSD – Bitcoin Cash Dips on Extreme Fear, Technical Breakdown

    June 6, 2026
    News

    HYPEUSD -Hyperliquid Drops by 6% on Unlock Token Flows

    June 6, 2026
    News

    NGX Positions Dangote Refinery IPO as Pan-African Inv. Opportunity

    June 6, 2026
    News

    Brent, WTI Climb as Oil Market Extends Weekly Rally

    June 6, 2026
    Add A Comment

    Comments are closed.

    Editors Picks

    Abbey Mortgage Bank Soars 47% on CBN Licence Approval

    June 7, 2026

    Riskoff- Nigerian Stock Market Declines N4.4trn to N156trn

    June 7, 2026

    BCHUSD – Bitcoin Cash Dips on Extreme Fear, Technical Breakdown

    June 6, 2026

    HYPEUSD -Hyperliquid Drops by 6% on Unlock Token Flows

    June 6, 2026
    Latest Posts

    Abbey Mortgage Bank Soars 47% on CBN Licence Approval

    June 7, 2026

    Riskoff- Nigerian Stock Market Declines N4.4trn to N156trn

    June 7, 2026

    BCHUSD – Bitcoin Cash Dips on Extreme Fear, Technical Breakdown

    June 6, 2026

    HYPEUSD -Hyperliquid Drops by 6% on Unlock Token Flows

    June 6, 2026

    NGX Positions Dangote Refinery IPO as Pan-African Inv. Opportunity

    June 6, 2026

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    About US
    About US

    MarketForces Africa is a financial information service provider with interest in media, training and research. The media platform provides information about markets, economies, and crypto, forex markets and investment ecosystem.

    Contact Us:
    Suite 4, Felicity Plaza, Freedom Estate Drive, Lagos-Ibadan Express Road, Magboro
    T: . 08076677707, 08052076440

    Facebook X (Twitter) Instagram Pinterest YouTube
    Latest Posts

    Abbey Mortgage Bank Soars 47% on CBN Licence Approval

    June 7, 2026

    Riskoff- Nigerian Stock Market Declines N4.4trn to N156trn

    June 7, 2026

    BCHUSD – Bitcoin Cash Dips on Extreme Fear, Technical Breakdown

    June 6, 2026

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2026 Marketforces Africa
    • About
    • Contact us
    • Subscription Plans
    • My account

    Type above and press Enter to search. Press Esc to cancel.