Workers Fake Deaths To Get Pension Benefits

Pension Assets Hit N842.73bn In Six Months - Report

The National Pension Commission (NPC) has raised alarm over the growing trend of workers, relatives and retirees faking the death of contributors to the pension scheme in a bid to get the benefits of the deceased person.

Naija News reports that the latest development was made known by the PenCom Head, Benefit and Insurance Department, Obiora Ibeziako, while speaking on the administration of retirement benefits and efforts to safeguard the pensions of workers.

In addition to other methods of verification, PenCom requested that banks should close the accounts of people who have been reported as dead so that they are unable to open bank accounts in the future.

The commission also referenced the case of a spouse who faked the death of her husband, adding that they would go tough on their methods of verification to curb the trend.

He said: “Nigerians have been dying and resurrecting. If you send us a notification that you are dead, we will make sure that your bank blocks your account also.

“We have seen people fake their own deaths; we have seen spouses fake the deaths of their partners when the PFAs start the due process.

“In fact, in a particular case, they were processing a man’s death benefit and he walked in and everybody picked up. The wife had actually procured obituary announcement, everything that required to be done without the man knowing.

“There was a particular case, we called the man and he said yes, he arranged his death that he needed the money.

“So, the PFAs shall seek the commission’s approval to get the legal beneficiaries and the available balance in the deceased RSA account. For any deceased RSA account, the PFA must send the request to the commission for approval.

“Following these complaints and reports by the PFAs, it has become imperative to issue additional measures to curb these complaints and strengthen the processes and practices of processing and payment of death benefits.”

This article was originally published on Naija News

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