Nigeria: Penop Launches Electronic Pension Contribution Collection System

1 June 2015

Pension Fund Operators Association of Nigeria (PenOp) has launched the Electronic Pension Contribution Collection System (EPCCOS), which will henceforth enable employers remit their employees' contributions online.

The Chairman Subcommittee on EPCCOS and Managing Director/Chief Executive Officer, UBA Pension Fund Custodian, Bayo Yusuf, at the official launch of the new system in Lagos, said the platform will help improve compliance and enhance confidence in pension collection and remittance.

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