PenCom warns public against rising job recruitment scams

Scammers are impersonating PenCom officials through WhatsApp, emails, and phone calls, falsely offering employment opportunities. These fraudsters create a sense of urgency, often demanding sensitive information like identification details and personal records within a 48-hour deadline, sometimes even impersonating the Director-General. PenCom advises the public not to respond to suspicious messages and to delete them immediately.

This warning aligns with broader regulatory efforts against financial fraud, including the Securities and Exchange Commission's recent shutdown of over 400 fraudulent investment schemes. Despite these challenges, Nigeria's pension industry continues to grow, with total pension assets reaching ₦29.43 trillion as of February 2026. PenCom urges Nigerians to verify any job-related communications through official channels.