The Lagos state government has paid N1. 8 billion accrued pension rights into the retirement savings account of 418 retirees for the month of March. Director -General, Lagos state Pension Commission (LASPEC), Mrs. Folashade Onanuga, confirmed this in a statement issued on Friday in Lagos. Onanuga said that the 418 retirees are from the mainstream […]
Lagos – The Lagos State Government has paid the sum of N1. 8 billion accrued pension rights into the Retirement Savings Account (RSA) of 418 Retirees for the month of March. Mrs Folashade Onanuga, Director -General, Lagos State Pension Commission ( LASPEC) confirmed this in a statement issued on Friday in Lagos . Onanuga said […]
The National Industrial Court, Abuja has dismissed the suit filed by the former Governor of Adamawa state, Bala Nggilari seeking the payment of his pension and other benefits, for lack of proof. Nggilari, the claimant was the deputy governor, then governor of Adamawa state from May 29, 2007 to May 29, 2015. He instituted the […]
By Ukpono Ukpong, Abuja The Nigeria Labour Congress (NLC), has expressed dismay over government’s plan to borrow N2 trillion from the pension funds presently put at 10 trillion to finance the development of national infrastructure in the country. Addressing the journalists Monday in Abuja during the National Administrative Council, NLC President, Ayuba Wabba, reminded the […]
Abuja – The National Industrial Court, Abuja on Wednesday dismissed ex- Borno governor, Mohammed Goni’s suit for payment of pension and other benefits, for lacking in merit. Goni,Goni, the claimant was the first civilian governor of the former Borno from Oct. 1979 to Oct. 1983. He instituted the suit against the State Government and Attorney-General […]
The minister of transportation, Mr Rotimi Amaechi, has said that he has never collected any pension as ex-governors from Rivers State . He said on his Twitter handle that he does not believe that he should get any pension as ex-gov of Rivers State while serving as a minister’ ‘I have never requested for or […]
The Association of Pension Desk Practitioners of Nigeria on Wednesday urged the Federal Government to compel Nigerian employers to remit their employees’ contributions to their Retirement Savings Account (RSA). Director of the association, Dr Chris Egbu, made the call in Abuja at the 2019 Annual Pension/Admin Conference with the theme “Best Practices in Pension Administration’’. […]
Lokoja – The Chairman of the Senate committee on Pension Matters, Sen. Ibrahim Shekarau, has urged the Federal Government to pay the over N400 billion it is owing pensioners under the Contributory Pension Scheme. Shekarau made the call on Friday in Lokoja while assessing the ongoing data capturing and verification of Federal pensioners in the […]
Ibadan – No fewer than 203 former employees of the Union Bank of Nigeria Plc on Thursday dragged the bank before the National Industrial Court, Ibadan, over unpaid N16.2bn balance of pension entitlements. Supreme Court ruling daylight robbery – Timi Frank The case was filed by Augustine Onu, Abegunde Solomon, Olanisebe Ezikiel and 200 others. […]
The Nigerian University Pension Management Company Limited (NUPEMCO) has a net contribution of N12.5 billion from university staff in less than two years. The leader of the NUPEMCO delegation, Alh. Aliyu Atiku, said this in Abuja on Friday when NUPEMCO officials paid a courtesy visit on the Minister of Education, Mallam Malam Adamu.Atiku expressed delight […]
The Pension Transitional Arrangement Directorate (PTAD) has concluded the computation of pension benefits for 3,542 Delta Steel Company (DSC) Aladja, pensioners. Following the successful conclusion of the exercise, the PTAD announced that the 3,542 pensioners who were cleared by Federal Audit will be pay-rolled in August 2018 and will start receiving their monthly pension for […]
…As SERAP lauds Saraki for blazing trail President of the Senate Dr. Bukola Saraki has called on states of the federation to emulate Kwara State and stop the payment of pensions to former governors still holding elective or appointive positions. This is even as he commended the Kwara State House of Assembly for passing the […]
The Senate President, Dr. Abubakar Bukola Saraki, on Wednesday, called on other state Houses of Assembly to emulate the Kwara State House of Assembly in putting a stop to wastage of public funds on payment of pensions to office holders. Saraki gave kudos to the state legislature for passing the bill to suspend payment of […]
The Pension Transitional Arrangement Directorate PTAD, on Tuesday, said that it has paid all pensioners under the Defined Benefit Scheme (DBS) another installment of the 33% arrears owed. In a statement by the Deputy Director of Communication, Mr. Emma Okondo, PTAD said that the categories of pensioners that benefited are Police pensioners, Nigeria Security and […]
……Commends EFCC for a good job The Industrial Global Union has called on the Federal Government to urgently reconstitute the board of National Pension Commission (PenCom) to safeguard pension assets in the country. Comrade Issa Aremu, General Secretary NUTGTWN and Vice President, Industrial Global Union made this remarks at the Industrialization Day Policy dialogue, organized […]
Here are ten facts to now know about the former Pension Reform Task Team, PRTT, Chairman, Alhaji Abdulrasheed Maina who was recently sacked by President Muhammadu Buhari after he was reinstated and promoted to the post of a Director in the ministry of interior. The evolving saga surrounding his recall has generated controversies in the […]
The National Pension Commission has revealed that the total assets under the Contributory Pension Scheme has grown to N7.09tn as of the end Q3, 2017. The commission stated that, the funds had continued to maintain a steady growth since inception of the scheme. PenCom stated that the aggregate pension assets under the CPS grew from […]
President Muhammadu Buhari has approved the payment of pension to soldiers, policemen and paramilitary officers involved in the Biafra war. The Biafra war veterans were dismissed from service, following their participation in the war which occurred between 1967 and 1970. This development was disclosed in a statement made available on Wednesday Pensions Transition Arrangement Directorate […]
To assuage the suffering of pensioners in the state and clear up a backlog of arrears that accrued over two decades, the Edo State Government has released about N430 million through the Joint Account and Allocation Committee (JAAC) in the last two months. In a statement, the state government said the sum was released as […]
The Pension Transitional Arrangement Directorate (PTAD) has said it has recovered over N16 billion as part of the legacy pension funds and assets owed to pensioners nationwide under the defunct old pension scheme. The Executive Secretary of PTAD, Sharon O. Ikeazor, made the disclosure at the Directorate’s stakeholders forum 2017 with the theme, “Putting pensioners […]