Worried by the appearance of ‘ghost pensioners’ on its payroll, the National Pension Commission (PenCom) has tightened the noose on them.
It has realeased a regulation on deceased RSA holders entitled: ‘Revised Regulation on Retirement and Terminal Benefits’.
The Director-General, PenCom, Mrs. Aisha Dahir-Umar, said: “It has been observed that some RSA holders who had been reported dead and benefits paid to their legal beneficiaries, reappear after additional amounts are remitted into their RSAs.
“The revised regulation provides that where an RSA holder is reported dead, the Pension Fund Administrator (PFA) shall write to the bank of the deceased informing it of the demise. The PFA shall also advise that the deceased’s bank account/BVN be flagged off.”
Mrs. Dahir-Umar believes that this would stop such fraudulent persons from accessing financial services.