Why PenCom ranked top on integrity scorecard-ICPC

Posted by allcitynews.ng culled from ThisDay

The National Pension Commission (PenCom) has  secured top position in the 2023 Ethics and Integrity Compliance Scorecard (EICS) among 50 regulatory agencies in the country.

The evaluation conducted by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) remained a significant milestone for the apex pension regulatory body.

In the assessment, PenCom also emerged the overall 14th position out of 404 Ministries, Departments, and Agencies (MDAs) on the comprehensive scorecard.

Notably, the commission achieved a commendable score, which was described by the ICPC as “substantial compliance.”

In recognition of this achievement, the anti-graft agency conveyed its commendation to PenCom, acknowledging the organisation’s commitment to upholding ethics and integrity in its operations.

The ICPC particularly commended PenCom for its well-established structures and processes that promote efficiency, as it encouraged management to maintain high service delivery.

The annual deployment of the Ethics and Integrity Compliance Scorecard by the ICPC is aimed at assessing MDAs’ compliance with existing ethical, integrity, statutory, policy, and regulatory standards and practices.

The initiative aligns with the commission’s preventive mandate.

Essentially, the scorecard aims to minimise corruption risks, prevent system abuse, and revitalise ethics and integrity benchmarks in MDAs.

The overarching objective was to ensure good service delivery while promoting a culture of ethical conduct within public service institutions.

PenCom in a statement issued by the manage said it remained committed to sustaining the well-acknowledged transparency in regulating the Nigerian pension industry for the benefit of pension contributors and retirees.

It said: “This continues to manifest through a consistent increase in pension assets and other key performance indicators.”

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