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PenCom reiterates the importance of the Data Recapture Exercise (DRE)


May 12, 2022
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In a press release today, the National Pension Commission (PenCom) has reiterated the need for all RSA holders to recapture their Data at the office of their respective Pension Fund Administrators (PFAs).

The Commission also announced the appointment of 2 agents to aid the process of DRE.

The DRE is compulsory for all RSA holders who opened their RSAs before July 2019 when the ECRS was introduced. We have discussed extensively on this in our previous article here and here.

Below is the excerpt of the press release from PenCom:

The National Pension Commission (PenCom) is pleased to invite all Retirement Savings Account (RSA) holders to visit any branch of their Pension Fund Administrators (PFAS) to participate in the ongoing Data Recapture Exercise (DRE). The exercise is for both active contributors and retirees whose data have not been recaptured. The DRE is in compliance with the directive of the Federal Government that all data-generating organizations should harmonize their databases with the National Identity Management Commission (NIMC). It is also consistent with the need to have a credible database of all RSA holders in Nigeria.

Consequently, all active contributors are hereby advised to visit their PFAS and provide the following documents to complete the data recapture:

  • Staff Identity Card any one of the following:
    • National Driver’s License, or Permanent Voter’s Card; or International Passport (mandatory for non-Nigerians).
  • Enrollment Slip issued by NIMC.
  • Birth Certificate or Sworn Affidavit of Age Declaration.

For retirees, who are either on programmed withdrawal or annuity, they are expected to present the following documents:

  • National Driver’s License or any one of the following:
    • Permanent Voter’s Card, or
    • International Passport (mandatory for non-Nigerians)
  • Enrollment Slip issued by NIMC
  • Letter of Retirement issued by the employer to the retiree.

All RSA holders, who have had a name change (either their surnames or first names or both after registration), they should present the following documents to their PFAS:

  • Marriage Certificate (only applicable in the case of marriage)
  • Newspaper publication for change of name
  • Sworn affidavit
  • Confirmation letter for change of name from employer (if still in employment)

All PFAs have been directed by PenCom to issue Acknowledgement Slips to RSA holders who submit complete documents for their data recapture. The RSA holders will be notified of the status of their data recapture (successful or not successful) within five working days of submission of documents.

Two agents, Payone Solution Systems Limited and Afritech Multi Concept Limited, have been engaged by PFAs to carry out the DRE consistent with PenCom’s approval. The agents are authorized to establish data recapture centres. RSA holders are allowed, therefore, to have their data recaptured at such centres by the agents (if they are unable to visit the offices of their PFAS).

For enquiries or complaints on the Data Recapture Exercise, please contact PenCom on the following telephone numbers: 09133711199, 094603030, 094603939 and 07066024512, or by e-mail: dre.

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