ANOTHER PENSION SCANDAL!!! A popular security risk management company, Arksego Nigeria Ltd has been accused by its Grade 12 security officers of duping them over N1.3 billion pension contributions and entitlements accrued to them over a period of five years. To verify this allegation, The City Reporters decided to investigate Arksego and discovered to our sheer trepidation that they got Certificate of Compliance (COC) with number “0000225” only in 2012 for remitting the pension funds of only 314 of its over 6,000 employees to their PENCOM accounts, which amounted to N15, 568,546.00. We also discovered that the organization is missing on the list of the 1115 organizations that PENCOM issued COCs for the year 2013. It remains unclear how Arksego obtained the COC for 2012 having remitted the pension payments of only 314 of its 6,000 employees. Our visit to PENCOM office in Abuja suggests that we may be at the threshold of the revelation of perhaps the biggest pension scam in the history of Nigeria’s private sector unbelievably perpetrated in connivance with public officials as checks by our reporters did not indicate that PENCOM penalised Arkesgo for its gross violation of PENCOM Act 2004. Read full story here>>> thecityreporters/exclusive-pension-scam-arksego-dupes-employees-n1-3bn-pension-entitlements/
Posted on: Thu, 20 Mar 2014 05:25:12 +0000
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