PENCOM Registration / Renewal 

What is PENCOM?

The National Pension Commission (PENCOM) regulates and ensures the effective administration of the Contributory Pension Scheme (CPS) in Nigeria. Employers are required to register with PENCOM to obtain an Employer Code, enroll their employees under a Pension Fund Administrator (PFA), and ensure pension contributions are regularly remitted.

Why It Matters

• It’s a legal requirement under the Pension Reform Act.
• You need a valid Pension Clearance Certificate (PCC) to bid for or execute government contracts.
• Ensures your employees’ retirement funds are safe and properly managed.
• Promotes trust and compliance with national labour laws.

Who Must Register

• All organizations employing three or more staff.
• Both private and public sector employers.
• Any company bidding for federal, state, or local government contracts.

PREQUISITE FOR PENCOM REGISTRATION

Kindly provide us with your year of incorporation and confirm whether you have previously filed with PENCOM. If yes, please send a copy of your most recent PENCOM certificate. Also, kindly share your CAC documents to enable us carry out a proper appraisal and cost evaluation. Thank you.

Benefits

• Legally compliant with the Pension Reform Act.
• Eligible to bid for government contracts.
• Protects employees’ pension rights.
• Enhances business credibility.

Penalties for Non-Compliance

• Disqualification from government tenders.
• Monetary penalties and sanctions.
• Damage to corporate reputation. 

2. ITF Registration / Renewal

What is ITF?

The Industrial Training Fund (ITF) promotes and encourages the acquisition of skills in industry and commerce. It is a mandatory requirement for employers with 25 or more staff to register and contribute to the fund.

Why It Matters

• Mandatory for government contract eligibility.
• Encourages training and human capital development.
• Avoids legal penalties and sanctions.

Who Must Register

• Every employer with 25 or more employees.
• Companies engaged in contracts with the government or its agencies.

PREQUISITE FOR ITF REGISTRATION

Kindly provide us with your year of incorporation and confirm whether you have previously filed with ITF. If yes, please send a copy of your most recent ITF certificate. Also, kindly share your CAC documents to enable us carry out a proper appraisal and cost evaluation. Thank you.

Benefits

• Legal compliance with the ITF Act.
• Eligibility for public procurement and contracts.
• Promotes staff training and skills development.

Penalties for Non-Compliance

• Payment of arrears plus 5% monthly interest on unpaid contributions.
• Disqualification from tenders and contracts.
• Legal prosecution for default.

NSITF Registration / Renewal

What is NSITF?

The Nigeria Social Insurance Trust Fund (NSITF) administers the Employee Compensation Scheme (ECS), which provides compensation to employees who suffer injuries, diseases, or death arising from or in the course of employment.

Why It Matters

• It’s a statutory requirement under the Employee Compensation Act (ECA) 2010.
• Protects both employers and employees from financial hardship due to workplace accidents.
• Required for most government contracts.

Who Must Register

• Every employer, public or private, engaging one or more employees.

PREQUISITE FOR NSITF REGISTRATION

Kindly provide us with your year of incorporation and confirm whether you have previously filed with NSITF. If yes, please send a copy of your most recent NSITF certificate. Also, kindly share your CAC documents to enable us carry out a proper appraisal and cost evaluation. Thank you.

Benefits

• Legal protection for your company and employees.
• Enables access to government contracts.
• Builds trust and compliance with employment laws.
• Provides insurance cover for workplace injuries and death.

Penalties for Non-Compliance.

• A 5% surcharge on unpaid contributions per month.
• Legal penalties or exclusion from contracts.
• Possible sanctions from the Ministry of Labour and Employment.

5. How Raa N Oscar Consultancy Can Help

At Raa N Oscar Consultancy Ltd., we make compliance effortless.
Our services include:

• New registration for PENCOM, ITF, and NSITF
• Annual renewals and monitoring to ensure certificates remain valid
• Preparation and submission of all required documents
• Payroll and remittance audit to ensure accurate contributions
• Advisory support for compliance and procurement readiness

Why Choose Us

• Fast, professional, and reliable service.
• End-to-end processing — from registration to certificate delivery.
• Affordable service packages tailored to your company size.
• Over a decade of experience supporting over 70 companies globally.