Context

The ICPC and PenCom recently recovered N3 billion in unremitted pension funds from defaulting employers. While this is a step in the right direction, many Nigerians still worry about the long-term security of their retirement savings and the lack of accountability from companies that withhold these deductions. Do you think the current penalties are stiff enough to deter other companies from doing the same, or are we just scratching the surface of a much deeper corporate rot?