Nigeria. All Eyes on Dikko, New PenCom DG

As Aliyu Dikko assumes office as the new PenCom DG, Nigerian workers and pensioners are expectant that the seasoned banker and experienced finance manager would bring his wealth of experience to bear in resolving pending issues in their overall interest, writes Ebere Nwoji

As the new Director General, National Pension Commission (PenCom), Aliyu Dikko, takes over the mantle of leadership from Chinelo Anohu – Amazu, a number of tasks are awaiting his immediate actions.

Some of these are – implementation of the window transfer mechanism, which contributors into the Contributory Pension Scheme ( CPS) have been yearning for, the kick off of the micro pension scheme to capture the informal sector operators into pension net and motivate them to save for old age; checkmating some employers of labour in their current negative attitude of choosing PFAs for their employees instead of allowing their employees to choose the PFAs of their choice to manage their Retirement Savings Account (RSA).

Whereas the CPS law allows employees to choose out of the existing 21 PFAs, the particular manager that will manage their savings, many employers put restriction to this by listing two or three PFAs to manage their employees’ account.

This has created problem for workers who changed their places of work only to discover that their fund managers are not in the list of their new employers.

This is one major issue Dikko should address as he settles down to work. He is expected to ensure that due process is followed to the later in this regard.

Full Content: This Day Live

Remember to subscribe to our free weekly newsletter for more news or subscribe to our service to get unlimited access.