Governor Samuel Ortom of Benue state, Friday, met with the protesting pensioners in the state and promised to release the sum of N611 million to complete the payment of their April and May 2018 pensions. The governor, who met the aggrieved pensioner sat the entrance of the Government House in Makurdi, where they had been sleeping in the last three Read More
A frontline contender in the forthcoming governorship election in Kogi state on the platform of the All Progressive Congress (APC) Barrister Babatunde Irukera has promised to use agriculture and tourism to transform and remove the state from its present economic woes where payment of salary, pension and provision of infrastructure are grossly lacking. Irukera who is the Director General, Federal Read More
The National Pension Commission (PenCom) says N21 billion was injected into the pension fund assets by pension contributors in the second quarter of 2019. This was revealed by the commissiin in its monthly report on summary of pension fund assets and Retirement Saving Account (RSA) registration. A breakdown showed a rise in pension fund assetsat N9.12 trillion in the month Read More
The federal government through the Pension Transitional Arrangement Directorate (PTAD) has paid 502 civil service pensioners the sum of N784, 377, 933.27 as pension arrears. A statement by the (PTAD) management explained the category of pensioners who received this payment include 262 verified eligible pensioners with complaints of non-payment of pension arrears from the North-east, South-east, North-west and South-south zones. Read More
The Pension Transitional Arrangement Directorate (PTAD) has paid the sum of N784,377,933.27 as pension arrears to 502 Civil Service Pensioners. The category of pensioners who received this payment include 262 verified eligible pensioners with complaints of non-payment of pension arrears from the North East, South East, North West and South South Zones. They received a total of N370,162,701.77. Also 41 pensioners Read More
In an effort to settle all outstanding liabilities before handover, Governor Ibrahim Gaidam of Yobe state has approved the sum of N325,620,511.61 as payment of outstanding liabilities to 316 retired local government staff in the state. The governor’s spokesman, Abdullahi Bego, disclosed on Thursday in a press statement saying, “this followed their verification by the committee set up by the Read More
Worried over complaints of non remittance to the Contributory Pension Schemes by some employers of labour in the country, Trustfund Pension Ltd, has urged employees to report any of such employers to serve as deterrent to others. Head of Customers Relationship Management of Trustfund Pension, Mrs Omoesiri Omoagege, while speaking at the retirees’ forum in Abuja recently, said it Read More
Kwara state House of Assembly recently passed an amendment bill halting payment of pensions to former governors, deputy governors, and other political office holders after their tenures. SAMSON BENJAMIN examines the circumstances that led to the bill as well as the chances of other states to follow suit. The passage of the amendment bill suspending the payment of pensions to Read More
Trading activities on the floor of the Nigerian Stock Exchange (NSE) closed week on Friday in a negative trend, shedding 489.09 basis points. The NSE All Share Index declined by 1.13 per cent to 42638.83 points from 43127.92 reported in the previous week. Also market capitalisation of listed equities depreciated by N175 billion o to N15.301 trillion from N15.476 trillion Read More
Retirees of the defunct Nigeria Airways have continued to mount pressure on the Ministry of Finance for the release of N45 billion approved by the federal government for payment of their retirement benefits, reports IME AKPAN Despite the seemingly poor salary, many people still find the civil service attractive and a place to work because of the benefit of receiving Read More
By Kabiru Dogon Daji Birnin Kebbi Kebbi state government has released the sum of N7.5 billion within two years for the payment of gratuities and pension for the retired civil servants in the state. Addressing a press conference in Birnin kebbi, the state chairman of the Nigeria Union of Pensioners (NUP), Alhaji Usman Dangwari, explained that the Senator Atiku Bagudu-led Read More
By Aideloje Ojo Minna Governor Abubakar Sani Bello of Niger state yesterday presented a budget estimate of N128, 010,602,977.00 for the 2018 fiscal year to the state House of Assembly with a plan to employ 2000 fresh graduates within the period. Tagged “Peoples Budget,” the governor said the estimates consist of Capital Expenditure of N75, 858,976,895.00 and Recurrent Expenditure of Read More
Ex-Nigeria boxing champ raises alarm over 15 years of unpaid pension Obisia Nwankpa, one-time Nigeria’s most prized boxing asset, has raised the alarm over alleged refusal of the Nigerian Army to pay his pension over the past 15 years. Mr. Nwakpa is challenging the Army to explain why it stopped paying his pension in 2002. The former pugilist told PREMIUM Read More
By Lateef Dada Osogbo Pensioners under the aegis of Forum of Contributory Pensioners in Osun state yesterday appealed to Governor Rauf Aregbesola to “without further delay” pay their pensions. They made the appeal in a release jointly signed by the teaching and civil service coordinators, Comrades Samuel Adeosun and Gbadebo Adegboye, in Osogbo, the state capital. The pensioners, who lamented Read More
By Taiye Odewale Abuja Startling revelations recently made by the Attorney General of the Federation (AGF), Abubakar Malami, on how the office of the Head of Service of the Federation ( OHSF) was used as cesspool of Pension Fund fraud between 2010 and 2014 have been sending jitters down the spines of officials in the office. This is even as Read More
By Musa M. Buba Damaturu Governor Ibrahim Gaidam of Yobe state has granted approval for the payment of workers’ November salary. The directive, which has been carried out with some workers already getting their payment alerts before the federal allocation, is in apparent response to the presidential orders for state governors to pay civil servants their salaries before Christmas. The Read More
Abdulrasheed Maina, embattled former Chairman of the Presidential Task Force on Pension Reforms, has signified interest to appear before the House of Representatives if his security is guaranteed. The former Pension boss said he was ready to appear before the committee and provide more details on the controversy that led to his sack if lawmakers can ensure that no security Read More
I wish to use this medium to appeal to President Muhammadu Buhari to, as a matter of urgency, query and sanction erring officers in the pension office of the Ministry of Defence, Abuja, for refusing to issue letters of retirement to retirees since September 2016 after 35 years of service. This has made it impossible for the retirees to access Read More
By David Agba The contribution of insurance to Nigeria’s Gross Domestic Product (GDP) is less than one per cent, a business lawyer, Mr Dominic Ochaba, said on Thursday in Lagos. Ichaba, who spoke at the First Annual Seminar of the Nigerian Bar Association Session on Business Law (NBA-SBL) on Insurance and Pension Committee, called for adequate insurance penetration in Read More
Should Speakers and Deputy Speakers of state Houses of Assembly get pensions as well? Methinks they should get pension only based on their contributions. The new pension law provides that the people contribute alongside with their employers, hence their pension. The old pension scheme demands 10 years of service for one to be pensionable, so the politicians in their two Read More
A league of civil society groups has explained why the former Pension Reform Task Team boss, Dr Abdulrasheed Maina, was recalled into the civil service, saying a “perpetual injunction restraining his arrest still stands even after the judge had ruled that status-quo be maintained in his case. In a statement signed in Abuja on Saturday, the National Secretary, Amb. Mukhtar Akoshile, Read More
It seems the Lagos State Polytechnic management wants to make the 2010 pensioners sacrifi cial lambs. Th e recent decision of the Lagos State Government to disown over 140 pensioners of Lagos State Polytechnic and throw them into the uncertainties of life after pension, needs a rethink. When in 2007 the polytechnic introduced the contributory pension scheme, this set of Read More
Stories by Vivian Okejeme Abuja The National Industrial Court sitting in Ikoyi, Lagos, has ordered Western Publishing Company Limited, publishers of Compass Newspapers, to pay former employees all their entitlements, including pension, running into N7million within 30 days. The suit no: NICN/LA/143/2014, has Victor Asowata, Azuka Christopher Nwokocha, Usoro Ndianobong, Moses Abel Hope, Ayodele Kolawole, Emmanuel Ukudolo and Sebastine Enyinna Read More
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