Pension Funds: Reps Threaten to Issue Warrant of Arrest on MDs of AIICO, Fidelity Pension Managers over Complaints

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The House of Representatives Committee on Pension has threatened to issue a warrant for the arrest of managing directors of Fidelity and AIICO Pension Fund Administrator, if they failed to appear before it.

Rep. Kabiru RurmIdr, the Chairman House Committee on Pension, gave the warning on Thursday in Abuja. He said that the committee was constitutionally empowered to summon or invite anybody, but the two top officials of the two companies who were invited to appear before it, refused to do so.

He said there had been a barrage of complaints against Fidelity and AIICO pension fund administrators by taxpayers, a situation that necessitated the invitation of their CEOs to clear the air. The duo have been given another date to appear before the committee.

Rep. Chude Momah, a member of the committee, however, insisted that the two officials should appear in person before it as the chief accounting officers of their organisations

Another member of the committee, Rep. Kabiru Idris, said it was appalling that the committee invited the CEOs but they chose to send representatives, an act which according to him, undermined the authority of the national assembly.

While Mr. Temitope Ajegboje, Regional Manager, AIICO had represented his company to members of the committee that his MD was indisposed, Mrs. Oluchi Aneke-Ogala, Branch Manager, Fidelity Pension, claimed her MD had told the operational manager to stand in for him.

Dissatisfied with reasons for their MDs absence, the lawmakers sent the duo out of the committee room.

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