An ad-hoc committee set up by the house of representatives last December to investigate alleged sharp practices by 
pension administrators and custodians has issued summons to top management staff of PenCom and 21 Pension Fund Administrators (PFAs) to appear before it on Thursday.
TVC News gathered that the committee had invited the acting Director-General, PenCom, Aisha Dahir-Umar, and other top executives of the commission in a letter dated January 21, 2019
Also invited were the pension administrators and custodians mandated with the management of pension funds.
In the letter signed by the ad-hoc committee Chairman, Johnson Agbonayinma, (APC-Edo), the stakeholders are expected to furnish the committee with vital information on the allegations leveled against the fund managers.
Agbonayinma confirmed the invitation saying;
“Yes, we have invited the management of PenCom and PFAs to an interactive session before the investigative public hearing.
“The 21 recognised pension fund administrators are expected to be part of the session with members of our committee.
The committee, among other requests, demanded for the net assets of the contributory funds, details of supervisors and regulations of pension funds administrators; as well as their key instructions and performances.
