The author is very generous and appears to give way too much benefit to the purported intentions of this scam. I fail to see the “good intentions”. It cannot be a good intention if one is acting way beyond one’s remit.
If PenCom decided to fund all motherless babies and almajiri homes in Nigeria, would it be seen as a good intention?
PenCom is a creature of law that sets out its core functions. Any intentions outside this is suspect at best. In reality, this is just an elaborate scam and any healthcare that comes out of it is very likely incidental.
"Until these issues are addressed, PenCare will stand as a cautionary tale - of how a regulator’s good intentions, unmoored from law and principle, can erode the very system it was created to safeguard."
Sums up the distaster-class that's called policy in this country. From agriculture to ISI to you-name-it. Everybody just doing anyhow. Smh.
How can we solve this? The average contributor certainly will not comfortable with having their pension assets eroded for unconstitutional and illegitimate purposes.
The author is very generous and appears to give way too much benefit to the purported intentions of this scam. I fail to see the “good intentions”. It cannot be a good intention if one is acting way beyond one’s remit.
If PenCom decided to fund all motherless babies and almajiri homes in Nigeria, would it be seen as a good intention?
PenCom is a creature of law that sets out its core functions. Any intentions outside this is suspect at best. In reality, this is just an elaborate scam and any healthcare that comes out of it is very likely incidental.
"Until these issues are addressed, PenCare will stand as a cautionary tale - of how a regulator’s good intentions, unmoored from law and principle, can erode the very system it was created to safeguard."
Sums up the distaster-class that's called policy in this country. From agriculture to ISI to you-name-it. Everybody just doing anyhow. Smh.
How can we solve this? The average contributor certainly will not comfortable with having their pension assets eroded for unconstitutional and illegitimate purposes.
Pencom was once a beacon of hope and the one policy success in a landscape littered with ill thought out policy
failures. If this is allowed to pass and become reality, it will be the beginning of the end