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The House of Representative has directed its committee on police affairs and Pension to Investigate why the Nigerian Police Force Pension Limited is yet to meet its obligation.
Reaching the resolve on Tuesday , After Ali Adeyemi moved the motion on the floor of the House, the committee was mandated to submit their reports in 4 weeks.
Moving the motion, Adeyemi said the NPF Pension Limited which was incorporated in October 2013 is failing to meet its pension and gratuity obligations to recipients.
He further explained that over N305bn was put in the police pensions fund in 2014, adding that retired pensioners are not getting their pensions despite the huge sum.
”Nigeria Police Pension Reforms which started with the incorporation and operation of the NPF Pension Limited in October 2013, was initiated to address deficiencies of the current Contributory Pension Scheme, peculiar to the Police Force”
“After incorporation of the NPF Pension Limited, PENCOM in April 2014, the government directed the existing Pension Fund Administrators to move N305 billion Police Pension Assets to the NPF Pension Limited”
“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.”
Adeyemi also expressed concerns that “despite the PENCOM regulatory supervision, there are various pending fraud cases instituted by the EFCC against officials of NPF Pension Limited.
“Many police retirees have started protesting to the police hierarchy about the reduction of their entitlements while others have since joined the wagon of pensioners who don’t receive their monthly pensions and gratuities in full and as at when due.
“The retired officers who are being short-changed after their services to the nation may resort to taking advantage of the loopholes in the security architecture of the country, which they are aware of, to perpetrate mischief for pecuniary gains to feed their families.”
The Committee has been mandated to submit their reports within 4weeks.
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