The pension fund situation is being investigated by the House of Representatives

The assets of the pension funds will be thoroughly investigated by the Committee on Pension, and the government's 10 trillion dollar loan will be repaid.The worrisome issue of the $10 trillion loaned to the Federal Government and the health of pension funds will be investigated, the House of Representatives has unanimously decided.The decision was made in response to a proposal put up by Rep. Aliyu Misau (PDP-Bauchi State) on September 3, 2023, during the plenary session. Retirement Savings Accounts (RSAs) are essential for guaranteeing the post-retirement lifestyles of retirees, according to Misau, who highlighted the situation of pensioners. Many retirees discover that they are unable to access their arduously saved retirement money while complying with the contributory pension scheme's rules. Misau stressed the unnecessary problems this crisis causes by saying, "With pension fund assets surpassing 15.5 trillion by the first quarter of 2023, there is no justification for retirees being denied access to their RSA."