Nigeria, June 18 -- The National Pension Commission (PenCom) has raised concern over the growing pension debt in Nigeria's media industry, disclosing that newspaper owners owe over N720 million in unremitted pension contributions to their employees.
PenCom Director General, Omolola Oloworaran, disclosed the figure during a visit to the President of the Newspaper Proprietors' Association of Nigeria (NPAN), Kabiru Yusuf, in Abuja.
She described the widespread non-compliance with the Pension Reform Act 2014 among media houses as "very troubling" and called for urgent collaboration to address it.
Under the law, employers are required to remit pension contributions not later than seven days after paying salaries. But Ms Oloworaran said many...
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