By Obianuju Uzukwu
The National Pension Commission (PenCom) has recovered N4.57 billion from non-compliant employers between the first quarter of 2024 and the first quarter of 2025
Oguche Agudah, the Chief Executive Officer of the Pension Fund Operators Association of Nigeria (PenOp), disclosed this in Lagos on Tuesday.
He said the recovered funds included N2.12 billion in outstanding pension contributions and N2.45 billion in penalties imposed on 138 employers who failed to remit pension funds as required by law,
Aguda said the funds were recorvered from 138 employers found to have defaulted in remitting workers’ pension funds through PenCom’s enforcement.
He said employers had their legal obligations, noting that any organization with three or more employees is required to remit pension contributions. He encouraged workers to report non-compliant employers through whistleblowing mechanisms
“This is evidence that enforcement continues to safeguard workers’ retirement savings,” he said.
He said PenCom was shifting from reactive enforcement to proactive prevention.
“The pattern also highlights what is next, which is a move from episodic crackdowns to durable prevention by tightening real-time remittance monitoring, escalating sanctions for chronic defaulters, and deepening employer education to reduce repeat offenses..
“The goal is not just big recovery headlines,” he added, “it is fewer defaults, faster remittances, and a stronger, more predictable Contributory Pension Scheme.”
“This is evidence that enforcement continues to safeguard workers’ retirement savings.
“The pattern also highlights what is next, which is a move from episodic crackdowns to durable prevention by tightening real-time remittance monitoring, escalating sanctions for chronic defaulters, and deepening employer education to reduce repeat offenses.
“The goal is not just big recovery headlines, it is fewer defaults, faster remittances, and a stronger, more predictable Contributory Pension Scheme.
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