PenCom pays N2.7trn to 1.27m retirees under CPS

Speaking in Lagos at the 2023 Pension Fund Operators Association of Nigeria (PenOp) media parley with the theme, ‘At the dawn of 20 year Pension Reforms, What are the gains?,
Head of Surveillance Department PenCom, Ehimeme Ohioma said  there was need to commend the pension industry for the success recorded so far in the CPS.

According to him, 1,183 Retirement Savings Account (RSA) holders have so far accessed N13 billion as pension mortgage finance and that 17,376 retirement savings account holders have transferred N356 billion from one Pension Fund Administrator to another under the RSA transfer system.