The National Pension Commission (PenCom) has seriously cautioned Nigerians against a growing recruitment scam targeting job seekers. Posted on its official X account earlier today, the alert delivers a strong warning against fraudsters collecting personal data via WhatsApp, emails, or calls by posing as recruiters—often impersonating the Director-General and creating false urgency with 48-hour deadlines or requests for documents sent to a “secretary.”
The commission advises ignoring and deleting suspicious messages without sharing them. This follows the SEC’s recent shutdown of over 400 fake investment schemes to safeguard investors and market trust.
Meanwhile, Nigeria’s pension assets hit a record N29.43 trillion in February 2026, up N1.39 trillion monthly, driven by contributions and strong fund performance. Key allocations include N5.41 trillion in domestic equities, N261.99 billion in foreign equities, N2.25 trillion in corporate debt, N368.99 billion in state bonds, and N2.74 trillion in money market instruments. PenCom is vigilantly overseeing assets amid rising fraud risks.
