SHOCKING! Fraudsters Are Collecting Death Benefits Of Living Workers — PenCom
Imagine that you have worked so hard and already taking your rest in retirement, waiting for the “final call” so that your loved ones will enjoy the fruit of your labour.
Suddenly, you realise that some bad elements have already started feasting on your death benefits while you are still alive.
That is the sad reality some retirees are facing in Nigeria at the moment.
It was Nigeria’s pension authorities, the National Pension Commission, PenCom that has raised alarm.
According to the Commission, some unidentified fraudsters under the disguise of being relatives of workers and retirees under the Contributory Pension Scheme have been approaching Pension Fund Administrators, PFAs to collect the pensions of contributors.
PenCom said the fraudsters, who have been deceiving the PFAs with fake documents, have successfully collected the pension benefits of some living workers and retirees after providing ‘evidences’ that they are dead.
The commission revealed this in a circular titled: ‘Revised procedures on processing of death benefits’, which was sent to the PFAs.
It stated in the circular that “the commission has received series of complaints from retirees, who alleged that their PFAs have wrongfully paid their benefits to their next of kin or legal beneficiaries, while they are still alive and in active service without their consent.
“Following these complaints and reports by the PFAs, it has become imperative to issue additional measures to curb these complaints and strengthen the processes and practices of processing and payment of death benefits.”
Don't forget to share this story with your friends