Nigeria: Pension Fund Administrators Exploiting Pensioners
Nigerian workers have been faced with different challenges over the years. All of these challenges hinge around government's insensitivity to their plight. We have heard stories of pensioners not receiving their pensions and we have even heard of those that collapse and even die while waiting to be paid.
Given all of these, Nigerian workers thought their woes were over with the introduction of PFAs which allowed their funds to be managed by independent organizations. This appears not to be the case.
While we've learnt that the Federal Government for about the past two years has not been remitting to the PFAs the deductions they make from the salaries of their employees not to mention the contributions they are supposed to make, we've also learnt that the PFA's themselves have been se...
