The National Pension Commission (PenCom) has barred seven Primary Mortgage Banks (PMBs) from processing pension-backed equity contributions for residential mortgages, citing their failure to comply with regulatory guidelines. In a circular dated August 11, 2025, and signed by Obiora Ibeziako, Head of the Benefits and Insurance Department, PenCom directed Pension Fund Administrators (PFAs) and Pension … Continue reading PenCom Sanctions Seven Mortgage Banks For Housing Loan Infractions