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Nairaland Forum / Nairaland / General / Career / How Long Does It Take Pencom To Give Approval? (41460 Views)
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Re: How Long Does It Take Pencom To Give Approval? by otukpoyam(m): 8:48am On Nov 25, 2021 |
lafuria1: It was me and my cousin that applied. I thought he was d only one having delays but d same thing happened to me. It was actually the issue of the useless employer not responding to them that caused it. But Stanbic has a clause inserted in the letter they sent to the employer which says that if the employer doesn't respond in 5days, then stanbic can go ahead and use the acknowledgement letter initially given by the employer that was used to start d application process. This is to make sure that employer don't deliberately frustrate ex staff from getting pension, which is exactly what happened to me. So despite not getting any feedback from my employer, stanbic refused to use the acknowledgement letter and forward to pencom. That was wrong. I had to keep calling and calling. They finally sent to pencom for approval on a Thursday, and I got credited the following Wednesday. That's like only three working days. Are you applying for yours? Keep them on Their toes to forward to pencom. That's d main koko. pencom are unusually fast for a nigerian government office. |
Re: How Long Does It Take Pencom To Give Approval? by lafuria1(m): 6:10pm On Nov 25, 2021 |
otukpoyam: Yes I applied for mine on the 8th of Nov and application was sent to pencom on the 24th yesterday, I actually had plans to visit stanbic this Friday if I did not see any progress. Good to know pencom are fast in processing pension application. Thanks for the response. 2 Likes |
Re: How Long Does It Take Pencom To Give Approval? by Desammyst(m): 9:51pm On Nov 25, 2021 |
lafuria1:Thank you very much for your response, it is really appreciated. Though he has visited their branch office in the state we reside. Unless it has to be Niger Insurance Company... |
Re: How Long Does It Take Pencom To Give Approval? by lafuria1(m): 10:02pm On Nov 25, 2021 |
Desammyst: I'm curious, which of the pension administrator is the account with because if he has a pension account with any of PFA, they are the ones to process access to the funds. Before going to pencom, visit the Company (Niger Insurance) as regard the pension status because they are the ones that remit the pension Pension issues are not always easy to resolve. |
Re: How Long Does It Take Pencom To Give Approval? by Desammyst(m): 5:39pm On Nov 27, 2021 |
lafuria1: Its alright... He said, it is a Personal Pension and Savings... He saved it with Niger Insurance, with maturation in 2019. |
Re: How Long Does It Take Pencom To Give Approval? by lafuria1(m): 8:06pm On Nov 27, 2021 |
Desammyst:OH alright, makes sense. All the best |
Re: How Long Does It Take Pencom To Give Approval? by Yvgeneral: 4:37pm On Oct 01, 2022 |
Pls i tried calling pencom and they told me my batch had been paid that I should approach my PFA, pls how do I proceed from there and how long does it take PFA to make payments? 1 Like |
Re: How Long Does It Take Pencom To Give Approval? by bstringz(m): 3:12pm On Oct 07, 2022 |
otukpoyam: HI please i sent you an email. I am on this process and will like to get some clarity thanks. Especially on this employer verification stuff |
Re: How Long Does It Take Pencom To Give Approval? by Threesha(f): 2:06pm On Oct 08, 2022 |
Leadway Withdrawing 25% -MUSTbe out of work for 3 months minimum -MUST have your bank statement Without the above that's after filling their form and having the required documents shi shi them no go give you, if you like copy pencom for email send to them, they're not moved 1 Like |
Re: How Long Does It Take Pencom To Give Approval? by Threesha(f): 2:09pm On Oct 08, 2022 |
Yvgeneral:Send your PFA a mail copy pencom and see the magic that will happen |
Re: How Long Does It Take Pencom To Give Approval? by Threesha(f): 2:12pm On Oct 08, 2022 |
lwisee:Worst is an understatement and mostly used by LASG |
Re: How Long Does It Take Pencom To Give Approval? by Threesha(f): 2:16pm On Oct 08, 2022 |
SuccesYear:Yes but takes a lot of time , you have to be patient. I would recommend someone if you interested |
Re: How Long Does It Take Pencom To Give Approval? by otunbablacq: 2:07pm On Oct 09, 2022 |
What you really need is a proactive account officer. I can help manage your account if you don't mind Threesha: 2 Likes |
Re: How Long Does It Take Pencom To Give Approval? by Threesha(f): 2:43pm On Oct 09, 2022 |
otunbablacq:Whats the name of your organization? |
Re: How Long Does It Take Pencom To Give Approval? by otunbablacq: 4:01pm On Oct 09, 2022 |
Trustfund Pensions Threesha: 2 Likes |
Re: How Long Does It Take Pencom To Give Approval? by Cross007: 12:37pm On Jan 10, 2023 |
Yvgeneral:Pls can you or any other person help me with the pencom number , thank you |
Re: How Long Does It Take Pencom To Give Approval? by Cross007: 12:37pm On Jan 10, 2023 |
Yvgeneral: Pls can you or any other person help me with the pencom number , thank you |
Re: How Long Does It Take Pencom To Give Approval? by Austeen2000(m): 7:15am On Jan 20, 2023 |
While processing my 25% benefit, I got an update that reads "sent to BAT - Abuja". Pls what does that mean? |
Re: How Long Does It Take Pencom To Give Approval? by Manonamission: 1:46pm On Feb 12, 2023 |
. |
Re: How Long Does It Take Pencom To Give Approval? by ayokunle032(m): 7:46pm On Feb 17, 2023 |
Austeen2000: Same here can anyone help with further explanation? |
Re: How Long Does It Take Pencom To Give Approval? by jblesn(f): 3:08pm On Apr 04, 2023 |
Anyone processed 25% pension benefit with Stanbic recently? I have applied and my application is saying your application has been submitted for review under the pending applications. Is this right? How long would it remain at this stage and what can I do? |
Re: How Long Does It Take Pencom To Give Approval? by jblesn(f): 3:09pm On Apr 04, 2023 |
Hi, can I send you a DM regarding the application process with Stanbic? lafuria1: |
Re: How Long Does It Take Pencom To Give Approval? by lafuria1(m): 10:47pm On Apr 04, 2023 |
jblesn: Minimum of 3 weeks |
Re: How Long Does It Take Pencom To Give Approval? by lafuria1(m): 10:47pm On Apr 04, 2023 |
jblesn:Yeah |
Re: How Long Does It Take Pencom To Give Approval? by ayuba070(m): 8:00am On Apr 06, 2023 |
Make 10k-20k weekly on DSB. https://www.digitalsafebox.org/register/AYwabba Whatsapp: Zero Seven Zero Three Three Seven One Seven Five Six Five. PM too |
Re: How Long Does It Take Pencom To Give Approval? by jblesn(f): 12:55pm On Apr 13, 2023 |
Thanks for your response, I only just it now. I wanted to clarity regarding the exit letter. I later drafted a letter and made the application which was cancelled as I later got to understand that the exit letter must come from my former employer. I have requested for it, yet to receive it though. lafuria1: |
Re: How Long Does It Take Pencom To Give Approval? by lafuria1(m): 1:18pm On Apr 13, 2023 |
jblesn: Oh alright, exit later must come from your employer to your PFA directly. In most cases stanbic sends email to your employer to respond and confirm you are no more with them. I wil advise your employer sends to stanbic and copy you. |
Re: How Long Does It Take Pencom To Give Approval? by jblesn(f): 5:07am On Apr 14, 2023 |
I'm actually referring to the exit letter you attach to the application. My application was cancelled by Stanbic as the letter I attached was not from my former employer. So I want to get the letter from my former employer and make a fresh application. lafuria1: 1 Like |
Re: How Long Does It Take Pencom To Give Approval? by Selflessman(m): 4:42am On Jul 29 |
It can take forever. My application has been “AWAITING PENCOM APPROVAL” since 25th June, whereas PenCom website says their approval is within 5 working days. Their social media handles don’t treat customer’s complaints, they don’t respond to emails, and their call center told me only my pension funds administrator (Leadway) can can do a follow up with them. Terrible!!! |
Re: How Long Does It Take Pencom To Give Approval? by 2special(m): 1:40am On Jul 30 |
Selflessman:why not go their office |
Re: How Long Does It Take Pencom To Give Approval? by Selflessman(m): 12:04pm On Aug 07 |
2special:PenCom office or Leadway office? PenCom Southwest said I should tell Leadway to do a follow up on my application. For more than a month Leadway keep saying they are following up and are “sure” I will get my funds “soon”. I can’t afford to go to PenCom HQ in Abuja due to the cost implications, security risks, and uncertainty of prompt resolution. It’s not worth it. In the near future, either I’ve been paid or not, I plan to organize an effective solidarity just cause that will put an end to this nonsense for a greater Nigeria!! 1 Like |
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