In a significant accolade, the National Pension Commission (PenCom) has clinched the premier position in the 2023 Ethics and Integrity Compliance Scorecard (EICS), outranking 50 regulatory agencies in Nigeria. The Independent Corrupt Practices and Other Related Offenses Commission (ICPC) assessed PenCom and acknowledged its substantial compliance, placing it in the commendable 14th position out of 404 Ministries, Departments, and Agencies (MDAs) in the comprehensive scorecard.
The ICPC, recognizing PenCom’s commitment to upholding ethics and integrity, lauded the organization for maintaining established structures and processes that enhance efficiency. The anti-graft agency commended PenCom’s dedication to high service delivery and encouraged the continuation of such practices.
The annual deployment of the Ethics and Integrity Compliance Scorecard by the ICPC serves to evaluate MDAs’ adherence to ethical, integrity, statutory, policy, and regulatory standards and practices. This initiative aligns with the Commission’s preventive mandate, aiming to minimize corruption risks, prevent system abuse, and rejuvenate ethical conduct within public service institutions.
PenCom, in a statement, affirmed its commitment to sustaining transparency in regulating the Nigerian pension industry. The organization expressed dedication to pension contributors and retirees, evident through consistent increases in pension assets and other key performance indicators.