Reps threaten arrest of pension administrators for shunning probe

Published February 26, 2021
File copy: Members of the House of Representatives during plenary
Leke Baiyewu, Abuja
THE House of Representatives Committee on Pension has begun investigation of petitions against some Pension Fund Administrators in Nigeria .
On Thursday , the committee threatened to issue warrants of arrest against the Managing Directors/ Chief Executive Officers of Aiico and Fidelity Pension Funds Administrators for failing to appear before it .
The committee discovered that the MD /CEO of Aiico Pension was not at its investigative hearing .
He was only represented by the Regional Manager, Aiico Pension Managers , Mr Temitope Ajegboje , who said there was a mix -up in the date conveyed to his boss by the committee .
Ajegboje also said even when the date was eventually confirmed to be Thursday , his boss became ill on Wednesday and needed medical attention.
Chairman of the committee , Alhassan Rurum , however, asked if there was a letter of authorisation from the MD /CEO empowering Ajegboje to represent and speak for him .
The regional manager answered in the negative .
A member of the committee , Chudi Momah , argued that even if the MD /CEO was not going to appear before the lawmakers , he should have sent a representative that was high in ranking than the regional manager.
Members of the committee also noted that where the MD / CEO could not appear in person , he needed to authorise his representative in writing .
They threatened to invoke their legislative powers against those who failed to appear , to force their appearance .
Momah , therefore , moved a motion that the MD / CEO must appear personally before the committee or face the consequences .
The motion was unanimously adopted .
While the MD / CEO of Fidelity Pension Managers also did not appear before the committee , he sent the Branch Manager, Ms Oluchi Aneke -Ogala , who also said some top officials of the firm were on their way from Lagos to Abuja to attend the hearing .
Miffed by the development, Rurum said, “ We can’ t be asking MDs and CEOs of organisations like these to tell us about what is happening to taxpayers ’ money under their care and they will be sending representatives .”

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