INEC’s N2bn pension fund trapped in NICON insurance, says Jega

Attahiru Jega, the Chairman of the Independent Electoral Commission (INEC), said in Abuja on Wednesday that the commission’s N2 billion pension funds is trapped in NICON Insurance.

Briefing the Senate Committee on INEC during an oversight visit to INEC headquarters, Mr. Jega said it has been difficult to retrieve the money from the corporation.

Mr. Jega said that most of the challenges have to do with the old pension scheme, adding that issues relating to it are now in court.

He said the present INEC had not defaulted in paying pensioners their dues, adding that fresh complaints are redressed without delay.

MR. Jega assured the committee that INEC would continue to intensify dialogue and consultations in ensuring that adequate welfare of its staff and retirees was addressed.

The chairman said he inherited some court judgments involving some of INEC staff, adding that an in-house process for decisive actions had begun.

He referred to the Ekiti election for which some officers were indicted.

“Those whose names were mentioned we have dealt with and those indirectly indicted we have constituted internal enquiry for fair hearing.

“Some have been asked to retire while some were dismissed; this is not for us to advertise because the challenge is for us to cleanse the system.

Mr. Jega said INEC has fewer court cases in the 2011 elections than 2007 and added that 99 per cent of the judgments were in INEC’s favour.

According to him, the commission has mapped out strategies towards satisfying the desire and aspiration of Nigerians by 2015.

Source: Leadership