The Military Pensions Board (MPB) said it has paid all outstanding shortfalls of gratuities of pensioners who were retired or discharged between April 2019 and May 2021. A statement signed by Public Relations Officer of MPB Flight Lieutenant O. Lawal o on behalf of the Chairman, Commodore Saburi Abayomi Lawal, commended the pensioners for their patience, understanding and continued support Read More
Bauchi state government has removed over 7, 000 illegal workers and pensioners from payroll. This disclosure was made Thursday evening by the state deputy governor Baba Tela and chairman of the high powered committee set up by governor Bala Mohammed to find a lasting solution to the challenges of salary payment in the state public service. The committee was Read More
Keren- Happuch: Mother of dead rape victim breaks down, demands justiceBy Bode OlagokeAbujaThe mother of Keren-Happuch, Mrs. Vivien Akpagher has broken her silence and spoke for the first time since her daughter died following medical complications arising from condom, which was left inside daughter by the rapist, infecting the daughter with sepsis and resulting in her death on 22nd of Read More
Oyo state government on Wednesday disclosed that it has uncovered fresh 41ghost workers in its payroll from its latest staff auditing exercise. This was contained in a statement made available to journalists in Ibadan by the Chief Press Secretary to Governor Seyi Makinde, Mr Taiwo Adisa on the report of the Implementation Committee of the Oyo State 2019/2020 Civil/Public Servants Audit and Payroll Read More
The Pension Transitional Arrangement Directorate ( PTAD) has paid an additional 9 months of consequential adjustment arrears occasioned by the new minimum wage increase of 2019 to Civil Service Pension Department Pensioners and 6months of the same arrears to Parastatals, Police, Customs, Immigration and Prisons Department Pensioners. Executive Secretary of PTAD Dr. China Ejikeme, made this known in a signed Read More
The youths wing of the ruling All Progressives Congress (APC) has said President Muhammadu Buhari did not ban Twitter in Nigeria but on temporary suspension. National youths leader of the ruling party, Barr. Ismaeel Ahmed, told newsmen Wednesday in Abuja that he was not personally happy about the development, adding that the controversy will soon be resolved amicably. Barr. Ahmed Read More
The National Pension Commission (PenCom) has given Nigerian employers up till July 31, 2021, to provide copies of the insurance policy of their employees or be ready to face prosecution. In a notice to all employers on Monday, the pension regulator insisted that companies must procure Group Life Insurance Policy for their workers. The Commission said those who flout the Read More
Insurance agents are lapping onto the lope hole in the pension Act that allow pensioners to collect only 25 per cent of their saving, leaving the rest at the whims of administrators to pay the 75 per cent at their leisure. Investigation by Blueprint revealed that, many pensioners who dreamt of using the savings for one project or the other Read More
Following the ongoing strike action in Kaduna state, the Action Democratic Party (ADP) has asked governor Nasir El-rufai to immediately reverse all the policies considered against the wellbeing of workers in the state. The opposition party also called on the labour union to take cognisance of its members and the wider populace by being flexible and amenable to negotiations that Read More
The emir of Bauchi Alhaji Rilwanu Suleiman Adamu has suspended a member representing Bauchi local government in the Federal House of Representatives Yakubu Shehu Abdullahi who holds the traditional title of ‘Wakilin Birnin Bauchi’ indefinitely over disdain for the emir. This was announced in the suspension letter issued by the secretary Bauchi emirate council Malam Nasiru Musa Maidala which was Read More
The Federal Parastatals and Private Sector Pensioners Association f Nigeria (FEPPPAN), has commended President Mohammadu Buhari-led Federal government for its approval and issuance of circular for the commencement of the consequential adjustment of the new minimum pensions. The union in a statement signed by FEPPPAN President-General Temple Ubani also called on all pensioners under its umbrella and not in any Read More
The abductors of Pius Kolawole the Yagba West Local Government Chairman in Kogi State has allegedly demanded for N100 million for the release of the elected chairman The kidnappers were said to have on Sunday night called one of the family member of the chairman to demand for the ransom. According to the source, The abductors promised to called back by Read More
The Pension Transitional Arrangement Directorate (PTAD) has assured that all pensioners of federal parastatals are entitled to the Consequential Pension Adjustment. The Agency therefore dismissed a statement issued by the Federal Parastatals and Private Sector Pensioners Association of Nigeria (FEPPAN) published in the Vanguard Newspaper (online edition) of 1st May 2021 in which the Association alleged that it had been Read More
Workers in Bauchi state have appealed to governor Bala Mohammed for regular release and implementation of promotions to all deserving officers. Bauchi state chairman Nigeria Labour Congress (NLC) Comrade Danjuma Saleh made the appeal on Saturday during the commemoration of the 2021 international workers day. According to him, the promotions are not coming as at when due lamenting that passing Read More
Emerging trends such as the transfer window in the administration of pension funds in Nigeriaare necessary for the growth of the sector, Chief Executive Officer, Stanbic IBTC PensionManagers, Mr. Olumide Oyetan has said. He acknowledged that though the window among others poses a challenge to operators in theindustry, it affords players the opportunity to be innovative and look inward and Read More
The Presidency has asked Nigerians to ignore those calling for secession, saying President Muhammadu Buhari cannot be intimidated and bullied for their selfish interests. The seat of power also ruled out the calls for another National Conference to discuss the much talked about unity of Nigeria. Speaking Tuesday at the national secretariat of APC during a media interface organised by Read More
Nigerian pensioners, who retired from the electricity sector, have urged President Muhammadu Buhari to intervene in the lingering issue of N35 billion arrears owed them. The pensioners under the aegis of Electricity Sector Retiree Welfare Association (ESREWA) led by its president, Elder Benjamin- Maisamari Amako, said this while addressing newsmen at the end of its National Executive Council (NEC) meeting Read More
The Pension Desk Officer, University of Ilorin, Mr Moses Opaleke, has advised Nigerian workers to save towards their retirement through investment, most especially in treasury bills. Treasury bills are government guaranteed debt instruments issued by the Central Bank of Nigeria (CBN) on their behalf to finance expenditure. Opaleke gave the advice on Tuesday in Ilorin while delivering a lecture at Read More
The recent report released by National Pension Commission on pension fund assets showed that the total value of pension assets rose year on year (y-o-y) to N12.30 trillion in January 2021. The amount represents an increase of 17.92 per cent compared with N10.43 trillion reported inJanuary 2020. According to the report, most of the pension fund assets were invested in Read More
A group, Opinion Pole Assembly (OPA) has called on the federal government to investigate the alleged looting of N2.5 Billion Military Pension Fund, recover the missing fund and sanction the culprits appropriately. In a statement issued Wednesday in Abuja by the Publicity Secretary, Bashir Mohammad, the group specifically demanded that the Chairman of the Military Pension Board, Commodore Saburi Abayomi Read More
As part of the ongoing Corporate Social Responsibility (CSR) project, Premium Pension Limited in partnership with a non-governmental organisation Charity to Cheer Foundation sponsored a free eye cataract surgery to 75 aged and indigent persons in Zaria, Kaduna state. In his remarks at the opening ceremony, representative of Premium Pension, Head of Business Development North, Mr. Ismail Abdulsalam, said the Read More
Poised to ensure timely payment of pension to pensioners, the National Pension Commission (PenCom) said it has recovered the sum of N553,033,652.01, representing principal contribution of N382,462,161.65 and penalties of N170,571,490.36 from 19 defaulting employers between October and December 2020. PenCom had issued demand notices to defaulting employers whose pension liabilities had been established by the Recovery Agents (RAs). PenCom Read More
The House of Representatives Committee on Pension on has commenced investigation into petitions against two Pension Funds Administrators; Aiico Pension Managers and Fidelity Pension, over alleged mismanagement of contributors’ funds. The committee, led by Hon. Kabir Alhassan Rurum on Thursday, however refused to take presentation from representatives of the concerned PFAs, directing that their respective Chief Executive Officers must appear Read More
Pension Transitional Arrangement Directorate (PTAD) has announced the resumption of it’s mop-up/in house verification exercise earlier postponed as a result of some obvious operational reasons occasioned by COVID-19. This was contained in a statement released Wednesday by the Directorate and made available to this medium. According to the statement, PTAD wishes to inform our esteemed Pensioners/NoKs that the mop up Read More
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