PenCom Recovers ₦32.27bn Pension Debt From Employers After 13 Years of Enforcement
The National Pension Commission (PenCom) has announced that it has successfully recovered a total of ₦32.27 billion from employers who failed to remit their workers’ pension contributions between June 2012 and September 2025.
At a recent training workshop in Lagos for accredited Recovery Agents, PenCom — represented by its Commissioner for Inspectorate, Samuel Chigozie Uwandu — unveiled the latest enforcement figures and reiterated its commitment to safeguarding the retirement savings of Nigerian workers.
Out of the total recovered amount, about ₦15.87 billion represents outstanding pension contributions, while roughly ₦16.40 billion reflects penalties imposed on defaulting employers.
In the third quarter of 2025 alone, PenCom recorded a notable recovery of ₦2.06 billion, covering ₦775 million in unpaid contributions and ₦1.27 billion in penalties from 49 previously delinquent employers.
The Commission says this marks a shift from voluntary compliance to enforced compliance — stressing that “every un-remitted Naira represents a broken promise to a Nigerian worker.”
According to PenCom, the success of this recovery drive hinges on its network of accredited Recovery Agents, who have been trained on employer audits, liability calculations, and documentation management.
PenCom also noted that it is collaborating with other regulatory bodies to tighten enforcement, signalling that employers who neglect pension remittance should no longer assume they can avoid accountability.
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The recovered funds — both contributions and penalties — go directly into the employees’ individual Retirement Savings Accounts, reinforcing the integrity of the Contributory Pension Scheme (CPS) and securing workers’ retirement benefits.
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