PenCom Named Ethics, Integrity Compliant Agency

The National Pension Commission (PenCom) has secured the top position in the 2023 Ethics and Integrity Compliance Scorecard (EICS) among 50 regulatory agencies in Nigeria, in an assessment by the Independent Corrupt Practices and Other Related Offences Commission (ICPC).

PenCom also emerged the overall 14th position out of 404 Ministries, Departments, and Agencies (MDAs) on the comprehensive scorecard. Notably, PenCom achieved a commendable score, which was described by the ICPC as “substantial compliance.”

In recognition of the achievement, the ICPC conveyed its commendation to PenCom, acknowledging the organisation’s commitment to upholding ethics and integrity in its operations. The anti-graft agency particularly commended PenCom for its established structures and processes that promote efficiency, while encouraging management to maintain high service delivery.

The annual deployment of the Ethics and Integrity Compliance Scorecard by the ICPC aims to assess MDAs’ compliance with existing ethical, integrity, statutory, policy, and regulatory standards and practices. This initiative aligns with the Commission’s preventive mandate.

The scorecard aims to minimise corruption risks, prevent system abuse, and revitalise ethics and integrity benchmarks in MDAs. The overarching objective is to ensure good service delivery while promoting a culture of ethical conduct within public service institutions.

“PenCom remains committed to sustaining the well-acknowledged transparency in regulating the Nigerian pension industry for the benefit of pension contributors and retirees. This continues to manifest through a consistent increase in pension assets and other key performance indicator,” the pension watchdog said in a statement.