The House of Representatives has resolved to beam its searchlights on the management of Nigeria Police force Pension limited for allegedly misusing billions of Naira at its disposal. The decision was precipitated by the alleged inability of the pension fund to live up to its responsibility of paying pension and gratuities to retired police officers as at when due. Moving the motion, Taofeek warned against the maltreatment of retired police officers which could worsen the security situation in the country. He disclosed that employers pension contributions of N15.8 billion, N16.6 billion, N16.6 billion and N19.7 billion were paid by the Federal Government from 2015 to 2019 respectively to the NPF Pension Limited as government contributions. He expressed concerned that despite the PENCOM regulatory supervision, there are various pending fraud cases currently in court instituted by the Economic and Financial Crimes Commission (EFCC) against officials of NPF Pension Limited.

Source: The Guardian June 09, 2020 17:37 UTC