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Chief executives of government agencies and other public officials, on several occasions, shun the invitations extended to them by the National Assembly to respond to allegations levelled against them or their agencies, especially regarding their financial records. Federal lawmakers described the disregard to their invitations by some public officials as an affront on the legislature, alleging that some heads of agencies were not ready to be accountable for their spending of public funds. In most cases, the federal lawmakers invoke the necessary provisions of the law, including arrest warrant, to compel heads of agencies to appear before them. Sections 88 of the 1999 Constitution as amended empowers the National Assembly to invite any person holding a public office to give account of any expenditure, or where it suspects that there is any infraction or corruption. ....
Fidelity Pension debunks probe reports punchng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from punchng.com Daily Mail and Mail on Sunday newspapers.
This was after the committee refused to take a presentation from representatives of the two PFAs CEOs. “Moreover, there are a lot of complaints and counter-complaints against AIICO and Fidelity Pension, and based on that they were invited. “Unfortunately, the managing directors or chief executive officers of the two important agencies refused to come. “Based on that, the committee decided that they appear in person. We are going to give them a date when we are going to mandate the two managing directors to appear,” he added. AIICO Pension Regional Manager, Temitope Ajegboje, said his MD wanted to appear but had a medical emergency. ....
Reps probe Pension Fund Administrators over alleged mismanagement of workers’ contributory pensions Reps probe Pension Fund Administrators over alleged mismanagement of workers’ contributory pensions Share The House of Representatives, on Thursday, flagged off an investigation into petitions bothering on alleged mismanagement of pension funds by some Pension Fund Administrators (PFAs). Speaking at the opening of the hearing, Chairman, House Committee on Pensions, Hon Kabir Alhassan Rurum (APC-Kano), directed the Managing Directors and Chief Executive Officers of AIICO Pension Managers and Fidelity Pension to cause appearance before the Committee. He said: “The Committee has the constitutional rights and mandate to invite anybody in the pension industry to come and explain issues of public importance and we didn’t summon them, we only invited them to come because the Pension Reform Act of 2014 has given us the right to do so. ....