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Business News of Wednesday, 2 December 2020

Source: nairametrics.com

Buhari nominates Dr. Farouk Aminu as PenCom commissioner

Dr Umaru Farouk Dr Umaru Farouk

President Muhammadu Buhari has appointed Dr Umaru Farouk as a commissioner-elect representing the North-West zone of the country in the National Pension Commission (PenCom).

According to a press release on the website of Pension Nigeria, his appointment of Farouk was discussed at the Senate plenary session and subsequently forwarded to Committee on the establishment and public service matters for further legislative actions, which is to be reported back in two weeks, reports Nairametrics.

What you should know

Senator Yahaya Abdullahi moved the motion for the confirmation of the nomination of Dr. Farouk for appointment as full-time commissioner. Senator Abdullahi affirmed that the nomination is in tandem with the provisions of Section 19(3) of the Pension Reforms Act, 2014. In lieu of this, the request of the president C-in-C was referred to an ad-hoc committee for further hearing and considerations, with the mandate to report back in two weeks.