PenCom

National Pension Commission (PenCom)

The Federal Government initiated a comprehensive reform of the pension regime in Nigeria. It enacted a law setting up a National Pension Commission (PenCom) as a supervisory and regulatory body.

PenCom, by statute, was authorized to license Pension Fund Custodians (PFC) and Pension Fund Administrators (PFA) who go out to register workers and manage their pension accounts. PenCom was also mandated to regularize all the existing pension irregularities and pay outstanding government pension liabilities.

PenCom therefore asked Imagetech, after a competitive bid, to design a solution whereby all existing pensioners were registered and their applications verified before their outstanding pension entitlements were paid. Imagetech designed and implemented the solution through deployment of registration kits countrywide and pensioners were registered, verified and paid their entitlements.

Project Info

  • Clients
    PenCom
  • Date
    2006
  • Category
    Pensioners Registration System
  • Location
    Nigeria