N33bn Probe: Reps Panel Ignores PenCom, to Present Report Next Week
The House of Representatives ad hoc committee investigating the N33bn allegedly missing from the account of the National Pension Commission has said it will lay its report next week.
The committee, which is probing into the withdrawal of the money from a PenCom account with the Central Bank of Nigeria, asked members of the public to submit memoranda to it.
Chairman of the committee, Mr. Johnson Agbonayinma, had resigned as the leader of the panel, alleging non-cooperation by PenCom and frustration of the probe by sponsored lawmakers.
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At the sitting of the panel on Thursday, a member, Mr. Benjamin Wayo, stated that the committee was determined to correct the wrongs in the pension industry and would submit a comprehensive report to the House for consideration and adoption.
Wayo pointed out that the investigation was conducted towards improving the plight of retirees and pensioners and not to witch-hunt anybody.
He called on stakeholders and the public with information or idea that would improve the pension system in the country to write to the committee within four days, stating that the lawmakers were in a position to advise the government.
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The new Chairman of the Committee, Mr. Ekanem Asuquo (PDP-Akwa-Ibom), before adjourning the hearing sine die, said there was the need to improve the sector, noting that the panel would recommend sanctions where necessary, proffer solutions and give advice on how to improve on the system.
Our correspondent sighted no fewer than 10 letters from the committee to PenCom, demanding information. The commission, in its responses to the lawmakers, cited various reasons why the information was not available.
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While PenCom had told the panel that it operated one account with the CBN, the apex bank had said the commission had eight, according to the documents the bank presented to the lawmakers.
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