By Wilfred Francis
The Secretary to the Government of the Federation (SGF), George Akume, has inaugurated the board of the National Pension Commission (PenCom), urging members to uphold transparency and accountability in overseeing Nigeria’s pension system. Speaking at the ceremony in Abuja, Akume said the move reflects the Federal Government’s commitment to strengthening pension administration and safeguarding the retirement savings of workers.
According to a statement by PenCom’s Head of Information and Public Relations, Christopher Ugwuegbulam, the SGF outlined the board’s responsibilities, including providing strategic direction, policy guidance, and oversight in line with the Pension Reform Act 2014.
Akume urged board members to maintain high standards of integrity and avoid interference in operational matters, noting that effective governance requires a clear distinction between oversight and management roles. He also reiterated the government’s commitment to addressing outstanding pension liabilities and ensuring timely payment of retirees’ benefits.The board is chaired by Opeyemi Agbaje and includes representatives from government institutions, labour unions, and the private sector.
Speaking on behalf of the board, Agbaje assured that members would adhere to principles of good governance and support efforts to strengthen the pension system. PenCom Director-General Omolola Oloworaran expressed readiness to work with the board to improve performance and institutional effectiveness.
