Defence News NG
Defence

Reps to probe Police pension managers over failure to deliver obligations

Inspector General of Police (IGP) Mohammed Adamu

The House of Representatives on Tuesday stressed the need to investigate the Nigeria Police Force Pension Limited for failure to meet its pension and gratuity obligations.

In a motion moved by Rep. Ali Adeyemi Taofeek from Lagos, the House
mandated its Committees on Police Affairs and Pension to investigate the immediate and remote causes of the NPF Pension Limited inability to meet its monthly pension obligation and the timely payment of gratuities to retiring police officers and report back with findings and recommendations for a model to prevent future misappropriations.

The motion noted that “the 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”.

“The peculiarities, which include reconciliation of personnel data crucial to obtaining pension contributions from the CBN and effectively managing critical welfare issues such as Group
Life Assurance and Health Insurance Scheme, were highlighted to be of strategic security importance and should be managed by the NPF Pension Limited.

“After incorporation of the NPF Pension Limited, PENCOM in april, 2014 directed 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

“Despite the PENCOM regulatory supervision, there are various pending fraud cases instituted by 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 motion added.

Also Check Out:

Operation Lafiya Dole land air components repel attack and inflict heavy casualties on Boko Haram/ ISWAP in Monguno

Defence News Ng

NAF handover killers of Tolulope to police

Defence News Ng

Navy unveils new hydrographic survey vessel

Defence News NG

PRELIMINARY INVESTIGATION REPORT ON THE DEATH OF FLYING OFFICER TOLULOPE AROTILE

Defence News Ng

CDPP, female Generals pay condolence visit to NAF Hq

Defence News Ng

Nigerian Military Allays Fears of Possible Attacks in Abuja, Environs

Defence News Ng

Insecurity: Military vows to rid north of banditry

Defence News Ng

Operation Sahel Sanity: Army records success over bandits

Defence News Ng

4 persons shot at Panyam as armed robbers attack PoS shop

Defence News Ng

CAS Restates Community To Human Capacity Development, Commission New Student Hostels As AFIT Graduates 444 Personnel From Sundry Courses

Defence News NG

Operation Thunder Strike Neutralizes Bandits, Damage Meeting Venue in Kaduna

Defence News NG

I didn’t instruct any agency to probe Minister — Omo-Agege

Defence News Ng

Leave a Comment