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The National Pension Commission (PenCom) has issued a stern ultimatum to all organisations, public and private, that fail to remit pension contributions: comply or face blacklisting by November 10. Effective immediately, vendors, banks, PFAs, and even shareholders must present a valid Pension Clearance Certificate (PCC) or risk being shut out of the pension ecosystem.

  • PenCom DG Omolola Oloworaran announced zero tolerance for non-compliance with the 2014 Pension Reform Act.
  • All regulated entities must enforce pension compliance across their value chain, including service providers.
  • By November 30, any company without a valid Pension Clearance Certificate will be blacklisted.
  • Directive covers PFAs, custodians, vendors, banks, and shareholders involved in pension transactions.

For Nigerians watching their retirement in slow motion, this is more than compliance, it’s accountability. With inflation high and trust in institutions low, unpaid pensions feel like stolen futures. PenCom’s hardline approach is a signal: the era of excuses is over. But Nigerians are asking, will this be enforced, or will it go the way of other reforms?