Legislative AccountabilityObservatory
Home / Probes / LAO-0088

Alleged withdrawal of ₦33 billion from the National Pension Commission account

Status
No final report
Assembly
House of Representatives
Opened
12 December 2018
Assembly term
8th National Assembly (2015–2019)
Committee
Ad Hoc Committee on the National Pension Commission
Sum at issue
₦33 billion
Subject
Spending and misuse of funds
Without a report for
2,891 days

The House of Representatives set up an ad hoc committee on December 12, 2018, chaired by Johnson Agbonayinma (APC, Edo), to investigate the activities of the National Pension Commission from April 2017, including the alleged withdrawal of ₦33 billion from its account with the CBN. At an April 2019 hearing PenCom, represented by Lana Loyinmi for the Acting Director General, Aisha Dahir-Umar, again failed to produce its bank statements, and the CBN said the commission operated five accounts with it, more than PenCom had acknowledged. In May 2019 a member, Benjamin Wayo (APC, Benue), said the committee would submit its report the following week.

CBN

What the record shows

  • 12 December 2018
    Probe opened.
  • 7 February 2019
    The committee opened its public hearing.
  • 2 May 2019
    The committee ended its hearing, and a member said the report would be submitted to the House the following week.
  • 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.