Why the Presidency should save PenCom from politics

The Nigerian constitution reposes a lot of powers on the Office of the President. For the most part, the incumbent rightly exercises these powers powerfully and seamlessly. At other times, the office encounters challenges, confrontations, and contestations in exercising these rights. The latter scenario usually attracts divergent views as to the propriety or otherwise of […]

Lagos harps on efficient pension administration

Governor Ambode Pension administration in Nigeria has been haphazardly handled over the years, resulting in huge pension arrears and the subjection of pensioners to untold hardship, Lagos State Governor, Akinwunmi Ambode, has said. According to him, this calls for reforms across board on pension matters, stressing that Lagos State Government is aiming to assure the […]

Lagos State pays N740m accrued pension rights to 255 retirees

Ambode Leave a comment and share Chuks Udo Okonta The Lagos State Government has disbursed N742 million to 255 retirees in the month of August, 201, Governor Akinwunmi Ambode, has said. The Governor, who was represented by the Commissioner for Establishments, Training and Pensions, Dr. Akintola Benson Oke at the 42nd Retirement Bond Certificate Presentation […]

Pension Liabilities Of 20 States Hit N200bn

By ZAKA KHALIQ 20 states out of the 36 states of the federation owe their workers as well as retirees about N200 billion pension liabilities, LEADERSHIP findings have reveal. This is even as about 28 states have been struggling to adopt the new pension scheme. While most of the states owe between one and three […]

IEI Anchor Pensions wins best innovative award

Leave a comment and share Chuks Udo Okonta IEI-Anchor Pensions Managers Limited has won Africa’s Best Innovative Pension Fund Administrator (PFA) of the year 2017. The award from Developments in Africa Merit Awards, was received on behalf of the Company by Femi Onoru the Company Secretary/Legal Adviser. In her acceptance speech she appreciated the conveners […]

FG working to release fund for next batch of retirees—PenCom

The Acting Director-General of National Pension Commission (PenCom), Mrs Aisha Dahir-Umar, on Wednesday said the Federal Government had begun modalities for pension payments to next batch of retirees. Dahir-Umar told Newsmen in Lagos that Federal Government and PenCom had been working on modalities to enable it to release substantial fund for the retirees. She said […]

Position Paper on the Subject of Pensions in the Constitutional Amendment Bill No. 3 on Devolution of Powers

There is no gain saying the fact that the current constitutional amendment exercise being undertaken by the National Assembly would naturally attract the attention and keen interest of Nigerians in view of the importance of that document as the sine qua non of our social contract as a nation. One major area of such exercise […]

The pension reform and the legislative do-gooders

By Paddy Ezeala It seems that Nigeria would have disappointed the rest of the world if the Contributory Pension Scheme (CPS) were to run unfettered without spanner being put in the works somehow somewhere. Arguably, the CPS operating under the Pension Reform Act 2004 as amended by the Pension Reform Act 2014 has been the […]

Exemption of paramilitary from CPS to create bleak future for security personnel

Leave a comment and share Chuks Udo Okonta At a time the nation is battling with paucity of funds to meet enormous existing needs of her citizenry, some members of the National Assembly who should have align with the government to suggest ways of raising revenue, are pushing bills to increase its financial burden by […]

Bills threaten N6.5trn pension funds

Leave a comment and share Chuks Udo Okonta Contributed Pension funds which currently stand at N6.5 trillion is faced with threats of depletion due to multiple Bills sponsored by some individuals at the National Assembly, Inspen can report. According to pension industry regulator, National Pension Commission (PenCom) and the umbrella body of pension operators, Pension […]
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