Legislative AccountabilityObservatory
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Alleged breach of procurement rules and financial mismanagement at PenCom

Status
No final report
Assembly
House of Representatives
Opened
23 May 2018
Assembly term
8th National Assembly (2015–2019)
Committee
Committees on Public Procurement and on Pensions
Sum at issue
Not stated
Subject
Revenue and remittances
Without a report for
3,094 days

On a motion by Zakariya Galadima (APC, Yobe), the House of Representatives mandated its Committees on Public Procurement and on Pensions to investigate alleged breaches of the Public Procurement Act and financial mismanagement by the National Pension Commission, and to report within six weeks. The motion alleged that PenCom deposited about ₦1 billion with Aso Savings and Loans to be lent to a mortgage bank in which a senior official had an interest, engaged consultants without due process, and spent over ₦2 billion hosting the World Pension Summit in 2014, 2015 and 2016.

What the record shows

  • 23 May 2018
    Probe opened.
  • As of 11 November 2026
    No final report of this probe has been found on the public record.

Opened more than 120 days ago, and no final report of the committee has been found on the public record. Interim reports and hearings are shown where known. Know of a report, hearing or outcome missing here? Send a correction.