Pension schemes in the private sector that were existing before the introduction of the Contributory Pension Scheme (CPS) in June, 2004 were allowed to continue as CPFAs.
There are currently 6 Closed Pension Fund Administrators in Nigeria.
Chevron Closed PFA Limited
Nestle Nigeria Trust Limited
Nigerian Agip CPFA Limited
??Progress Trust CPFA Limited
Shell Nig. Closed Pension Fund Administrator Ltd.
Total (E&P) Nigeria CPFA Limited