TY  - JOUR
T1  - Contributory Pension Funds and Deposit Money Banks’ Profitability in Nigeria
AU - Areghan, Isibor AU - Josephine, Efezokhae AU - Chisom, Maduekwe AU - Joy, Chibuzor AU - Sandra, Aguzue 
JO  - The Social Sciences
VL  - 17
IS  - 1
SP  - 1
EP  - 8
PY  - 2022
DA  - 2001/08/19
SN  - 1818-5800
DO  - sscience.2022.1.8
UR  - https://makhillpublications.co/view-article.php?doi=sscience.2022.1.8
KW  - Pension funds
KW  -deposit money bank
KW  -contributory pension funds
KW  -regression
AB  - The issue of pension fund management and
how pensioners are being owed substantial amount at
their retirement year is still a rampaging case in Nigeria.
Many do not understand the dynamics of pension fund
management. Hence, the main study objective was to
investigate the contributory pension funds effect on
bank’s profitability. A model was adopted and modified
with variables relevant to the course of study like Profit
after Tax (PAT), Pension Funds (PEN) and inflation and
secondary data for each variable was extracted from the
banks’ financial statement, PENCOM financial statements
and the CBN statistical bulletin. The data was from
periods 2008 till 2019 and was analyzed by using the
multiple regression analysis. The study found out that
both pension funds and investment were positively
significant. The study thus recommended that all pension
firms must be monitored frequently so as to reduce the
incidence of fraud.
ER  -