NLC President: Over N3tn Pension Fund Invested in Bonds, Treasury Bills

The President of the Nigeria Labour Congress, Mr. Ayuba Wabba, has debunked insinuations that the over N6 trillion accumulated pension fund under the Contributory Pension Scheme is lying idle, saying the fund has in fact been over-borrowed.

Wabba said an excess of N3trillion had been borrowed from the fund through bonds and treasury bills, noting that government was the biggest beneficiary.

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