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
Under pressure from the French government, Groupama, Crédit Agricole Assurances, Covéa (MMA, MAAF, GMF), Société Générale Assurances and Generali France agreed to freeze in 2021 the contributions from the companies most affected by the Covid-19 crisis. These insurers agreed not to increase the premiums for professional comprehensive insurance for the sectors that were strongly impacted by the health crisis, namely: Read More
Recent media report to the effect that the delay in the implementation of the new national minimum pension worries pensioners should jolt the relevant authorities, particularly President Muhammadu Buhari, to act swiftly to remedy the undesirable and despicable situation. In a communiqué at the end of its National Executive Council (NEC) meeting in Abuja last week, the Nigeria Union of Read More
The Nigeria Union of Pensioners (NUP) has expressed her readiness to sponsor a bill in the National Assembly on the National Minimum Pension. According to a communiqué issued at the end of the National Executive Council (NEC) the meeting, the union said the decision was a result of the nonchalant attitude of the federal government at releasing the circular on Read More
The trial of erstwhile Chairman of the defunct Pension Reformed Task Team, Abdulrasheed Maina has just begun in his absence by the federal high court. Maina was again absent at the resumed hearing in the case on Tuesday. Details loading…
The Kwara state governor, Abdulrahman Abdulrazaq, has said he would put in place measures to repeal the law that awards pension to all former governors and their deputies that had served in the state. He stated this Friday in Ilorin in a statement signed by his chief press secretary, Rafiu Ajakaye. The governor said he would initiate a bill to Read More
The federal government is said to have settled about N15 billion premiums under the Group Life Insurance scheme to insure it’s over 89,000 workers across the country in the current financial year. Although government had in the past, struggled to renew the Group life insurance for its workers, owing to the late passage of budget into law, findings show that Read More
Retired head of service and permanent secretaries numbering 71 in Kaduna state have sued Governor Nasir el-Rufai of Kaduna state at the National Industrial Court over the deduction of their pension.Counsel to the plaintiffs, Barrister Sam Atung Esq, who said the deduction started in March, 2020 without any prior notice, noted that they resorted to institute a case at the Read More
Zamfara state has continued to be in the news of late for inexplicable reasons. Only recently, the state governor, Bello Mohammed Matawalle, repealed the state pension law that granted the former governor of the state, Abdulaziz Yari and his co-travelers stupendous pension benefits that defeat human comprehension in a sane society. And of course this was applauded by well-meaning Read More
The recent ruling by a Federal High Court in Ikoyi, Lagos state, which ordered the federal government to recover pensions collected by former governors serving as ministers and members of the National Assembly is a good omen for the nation’s democracy. This is so because the profligacy and corrupt tendencies of public office holders in the country have robbed the Read More
A Federal High Court sitting in Lagos has ordered the federal government to “recover pensions collected by former governors now serving as ministers and members of the National Assembly.” It also “directed the Attorney General of the Federation and Minister of Justice Mr. Abubakar Malami, SAN, to challenge the legality of states’ pension laws permitting former governors and other ex-public Read More
Former governors of various states that enjoyed or are collecting pensions have been asked to refund them.The Federal High Court in Ikoyi, Lagos handed down the order to the Federal Government and demamded recovery of pensions collected by former governors serving as ministers and members of the National Assembly. Details loading…
As an APC man, I was more than bewildered by what happened in the build up to the 2019 elections in Zamfara state, a thoroughly APC enclave, where PDP dared not even breath! Yes, the opposition party did not stand a whisker of a chance, to clinch senatorial, state and National Assembly seats (except maybe one or two) let alone Read More
Human Rights Activist, Senator Shehu Sani, on Wednesday advocated payment of pensions for retired sports men and women in Nigeria. Senator Sani made the call in Ibadan at the memorial lecture organised to mark the 10th anniversary of the demise of Nigeria’s former National Team goalkeeper Late Best Ogedegbe organized by the Sports Writers Association of Nigeria (SWAN) Oyo State Read More
The management of Pensions Transition Arrangement Directorate ( PTAD) has urged pensioners to be wary of scammers who defraud pentioners in the name of helping them to collect their pension and gratuities. The Executive Secretary PTAD Dr Chioma Ejikeme, who gave the warning in Lokoja Tuesday when she visited the seventh phase of Parastatals Pensioners Verification Exercise for pensioners under Read More
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