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PenCom Issues Over 38,000 Pension Clearance Certificates – D-G
The National Pension Commission (PenCom) on Thursday said it had issued over 38,000 Pension Clearance Certificates (PCC) so far to organisations, in 2024.
The Director-General of PenCom, Ms Omolola Oloworaran, said this at a workshop organised by PenCom for journalists covering the pension industry in Lagos.
The theme of the workshop was, “Tech-Driven Transformation: Shaping the Pension Landscape”.
Report says that in 2023, PenCom issued 30,293 PCCs to firms.
PCC is an evidence of compliance with the Pension Act.
it serves as a prerequisite for all suppliers, contractors, or consultants soliciting contract or business from Ministries, Departmentss, and Agencies (MDAs) of the Federal Government.
PenCom commenced the issuance of PCC to organisations in 2012 in line with the Pension Reform Act, (PRA), which mandates all organisations with at least three employees to participate in the Contributory Pension Scheme (CPS).
However, the certificate is valid up to Dec. 31 of the year it was obtained, irrespective of the date it was issued within the year.
Organisations are, thus, required to apply for new PCC’s each year.
Oloworaran said that the commission also achieved a major milestone with the launch of the e-Application Portal for the PPC in October.
She said that the initiative replaced the previous manual process, enabling companies to seamlessly apply for and receive PCCs online, significantly enhancing ease of doing business and ensuring compliance.
The director-general said that the Pension Industry Shared Service Initiative is in an advanced stage of implementation.
She said that the initiative would digitise pension contributions and remittances, ensuring seamless processing of contributions and resolving discrepancies caused by incomplete remittance details.
“To further enhance contributors’ experiences, we have introduced a revised programme withdrawal template, simplifying access to voluntary contributions and revising the threshold for en-bloc payments in line with the new minimum wage.
“These measures are designed to make retirement processes more efficient and user-centric.
“But beyond policies and systems, what really excites me is the potential to transform lives,”she said.
According to her, technology has become the backbone of transformation across all sectors, and the pension industry is no exception, hence PenCom has embraced the transformation wholeheartedly.
Oloworaran said that there are over 10.5 million contributors, while pension assets are in excess of N21.9 trillion as at October.
She said that this progress demonstrated the strength of the CPS, though not without challenges.
“Inflation, for instance, continues to erode the purchasing power of pensioners, and we are actively seeking innovative solutions to address this issue.
“We also continue to face the persistent issue of delays in the payment of accrued rights.
“Recently, N44 billion was approved under the 2024 budget appropriation to settle accrued pension rights for retirees from March to September 2023.
“Moving forward, we are working with the Federal Government to put in place a sustainable solution that ensures that retirees receive their benefits promptly and without undue stress,” she said.
She said that since assuming office, she and her team had been focused on strengthening compliance, enhancing service delivery, diversifying pension assets to optimising returns.
She said that they had also been improving benefits and expanding coverage to include more Nigerians, especially those in the informal sector.
Oloworaran expressed passion over the micro-pension initiative, in particular, noting that it is the commission’s way of fostering financial inclusion, no matter how small an earning might be.
She said that the commission intended to use technology to scale the micro-pension plan.
“Technology plays a vital role in driving this inclusion from mobile enrollment to real-time account management,” she said.
She said that PenCom planned to rebrand the micro-pension scheme, and also target onboarding not less than 20 million Nigerians in the informal sector.
Oloworaran acknowledged the role of the media as stakeholders in the success of the pension system.
“As we integrate technology across every aspect of the pension industry, we are paving the way for a future where the CPS becomes more accessible, reliable, and sustainable.
“However, this transformation cannot succeed without your unwavering support as media practitioners.
“Your role in amplifying our initiatives and educating stakeholders across Nigeria is essential to achieving this vision,” she said.
She described the ability of the media to inform, educate, and hold institutions accountable as invaluable.
“Together, we can ensure that every Nigerian, including the most vulnerable, has access to a secure and dignified retirement,” she said.(NAN)
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Man City Strike Twice Late on to Beat Bournemouth
Manchester City scored two late goals to earn Enzo Maresca a win in his first Premier League game in charge – and deny Marco Rose the perfect start as Bournemouth boss.
The Cherries took the first-half lead through Marcus Tavernier, who was left in loads of space to slam in after Evanilson’s incisive low ball across the area.
Erling Haaland, usually at his most prolific in August, missed a host of chances for City as they looked set for a frustrating afternoon.
But Marc Guehi, playing in defensive midfield for only the third time in his career, nodded in Rayan Cherki’s corner with six minutes to go.
And it got even worse for Bournemouth when Josko Gvardiol guided a shot into the bottom corner in injury time.
The goal was initially disallowed for offside, but given after a video assistant referee review.
It was Bournemouth’s first defeat in any competition since January, ending their club-record 18-game unbeaten run.
City showed improvement from the side who were bashed 3-0 by Arsenal in last Sunday’s Community Shield – but for most of this game it looked as if Maresca was going to start with consecutive defeats.
Replacing a legend is always difficult – as David Moyes experienced when Sir Alex Ferguson left neighbours Manchester United in 2013 – and the late comeback will come as a major relief in their first Premier League game without Pep Guardiola in a decade.
City did not exactly promote from within when hiring Maresca, who quit as Chelsea manager at the start of 2026, but the Italian was Guardiola’s City assistant in 2022-23 and would perhaps be seen as something of a continuity candidate.
It was a very shaky start though and they went 1-0 down at home on the opening day of a Premier League campaign for the first time since 1995-96 – the season they ended up being relegated.
Maresca’s team selection confused many, with six players who have played most of their City games in defence starting on Sunday – including Guehi in midfield.
But all’s well that ends well and Guehi looked as if he had rescued a point before defender Gvardiol added two more from another Cherki pass.
Things would have been more comfortable if Haaland had brought his shooting boots.
The Norwegian has scored 22 goals in 14 Premier League games in the month of August – but failed to take any of his five chances.
Bournemouth fans would have feared a dip after enjoying the best season in their history last campaign. Sixth place took them into Europe for the first time ever.
And it was a surprise when boss Andoni Iraola announced in April he would be leaving in the summer – eventually joining Liverpool.
Ex-Salzburg and Leipzig boss Rose was confirmed soon after – replacing Iraola at the end of last season, giving him plenty of time to watch from a distance and get to know his new team.
Only one of the side who started against City was a new signing, with Portuguese defender Antonio Silva the replacement for Marcos Senesi, who left for Tottenham.
The Cherries showed plenty of the aggressive, positive play that they produced under Iraola thanks to such dangerous attackers on the break – including Rayan, Evanilson and Tavernier, who all linked up well for the opening goal.
Letting the lead slip late on will be hugely frustrating and ends their long unbeaten run, but Rose, and Cherries supporters, should still have seen plenty to encourage them from a game they would not have expected to win.
And if they had picked up Guehi from a corner maybe they would have done.
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Edo Assembly Dissolves Standing C’ttees, Constitutes Panel to Probe Ex-Speaker
The Edo House of Assembly on Tuesday dissolved all its standing committees and constituted an investigative panel to probe allegations levelled against the former Speaker, Blessing Agbebaku.
The new Speaker, Yekini Idaiye, announced the decision during the plenary session.
He said that the dissolution became necessary to enable the house to “re-evaluate legislative duties, improve administrative efficiency and give members new committee experience”.
Idaiye subsequently inaugurated a five-member ad-hoc committee to investigate Agbebaku over allegations of corruption, including inflated procurement costs for cars.
The committee, which was mandated to report back in two weeks, is chaired by Bright Iyamu.
Other members are representatives of Akoko Edo II; Ovia North East II; Etsako East; and Esan North East II.
Recall that Agbebaku resigned from office on Monday, August 17, following allegations of corruption and financial impropriety against him.
The house also received and adopted reports on the screening of nominees for key state commissions.
Dr David Osifo was confirmed as a member of the Edo Judicial Service Commission, while Oscar Onaiwu was confirmed as a member of the Local Government Service Commission.
The house also received a letter from Gov. Monday Okpebholo for the screening and confirmation of nominees for the Chairman and members of the Edo Electricity Regulatory Commission.
Shittu Shaibu was named to chair the screening committee for the nominees.
The house later adjourned sitting until August 19, 2026.
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Brain Jotter Cries out after Harassment by Lagos Touts
Nigerian content creator, Brain Jotter, has cried out on social media after being harassed by Lagos touts, popularly known as ‘agberos’.
Brain Jotter lamented the incident in a post shared on his Instagram page.
Expressing frustration, the content creator shared a video showing the moment he was harassed in his car by a group of thugs on a Lagos road.
He was refused free passage by the touts who were demanding settlement from him.
In the video shared by Brain Jotter, one of the touts was heard boasting, “I be lion”.
Lamenting the incident, the content creator wrote, “Lion no dey use eyes see goat. Nigerian zoo keepers are the worst. We lack good wild-life and they let a lion escape from their zoo. This is sad.”


