Featured Politics

I’ve never collected one kobo as pension from Rivers – Amaechi

Ihesiulo Grace 5 December 2019 0

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

News

Association Urges FG To Compel Employers To Remit Employees’ Contributions To RSAs

Ihesiulo Grace 14 November 2019 0

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

Labour

Senate urges FG to settle N400bn pension backlog

Ihesiulo Grace 2 November 2019 0

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 […]

Featured Law

203 ex-employees drag Union Bank to court over unpaid N16bn pension

Ihesiulo Grace 31 October 2019 0

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. […]

Business

University pension nets N12.5bn – NUPEMCO

Ihesiulo Grace 25 October 2019 0

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 […]

Headlines News

3,542 DSC pensioners to get pension for life – PTAD

Ihesiulo Grace 9 July 2018 0

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

Politics

Saraki to states: Stop paying pension to ex-governors still holding public office

Ihesiulo Grace 2 March 2018 0

…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 […]

Headlines News

Emulate Kwara over stoppage of ex-Govs’ pensions, Saraki tells states

Ihesiulo Grace 1 March 2018 0

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 […]

Business

PTAD pays 33 per cent pension arrears to beneficiaries

Ihesiulo Grace 22 November 2017 0

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 […]

News

IGU to FG: Constitute PenCom board now

Ihesiulo Grace 17 November 2017 0

……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

Opinion

10 Things you did not know about the former ‘Pension Boss’, Maina

Ihesiulo Grace 26 October 2017 0

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 […]

News

PENCOM reveals Pension assets growth to over N7tn

Ihesiulo Grace 23 October 2017 0

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 […]

News

Buhari approves payment of pension to Biafra war veterans

Ihesiulo Grace 19 October 2017 0

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

News Nigeria

EDSG offsets N430mn LG pension arrears in two months

Ihesiulo Grace 12 October 2017 0

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 […]

News

PTAD recovers N16 billion through legacy pension funds, assets

Ihesiulo Grace 9 October 2017 0

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 […]

News Nigeria

Edo offsets N430m LG pension arrears in two months

Ihesiulo Grace 9 October 2017 0

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 […]

Capital Market Insurance

Pension: LASACO settles N1.063 bn legacy funds

Ihesiulo Grace 8 September 2017 0

Insurance and financial services listed company, LASACO Assurance Plc has settled a N1.063 billion Pension Legacy Funds in its custody, in compliance with the directive of the Federal Government, through the Pension Transitional Arrangement Directorate (PTAD). The company paid the sum to PTAD as a final settlement of the funds meant for pensions of 6 […]

Headlines News

Pension Act Amendment: How sacked PenCom DG ‘bribed’ NASS

Ihesiulo Grace 8 May 2017 0

. Allegedly compromised lawmakers of the 7th Assembly with N500m . Allegations of bribing lawmakers baseless and unfounded- Mrs. Anohu- Amazu .We did not collect bribe to amend pension law – Senator . PenCom not aware of such transaction – Spokesman Fresh facts have revealed that the sacked Director General of the National Pension Commission […]

News Nigeria Politics

My pension has not been paid for 8 years, says Orji Kalu

Ihesiulo Grace 21 February 2017 0

The former Governor of Abia State and chieftain of the All Progressives Congress , Dr. Orji Uzor Kalu, has accused Abia State government of withholding his pension and other entitlements for eight years. Kalu, who was reacting to a recent story in the media that 108 former governors are currently receiving pensions from their various […]

Business Insurance

Informal Sector Looks to PenCom for Equipment Loans

Ihesiulo Grace 1 May 2015 0

Workers in the informal sector who are presently wooed by the National Pension Commission (PenCom) to embrace the Contributory Pension Scheme (CPS), have demanded for a window that would enable them get soft loans for the purchase of machines and equipment from their savings. This demand was made when executives of PenCom meet the workers […]