SHAREHOLDERS of International Energy Insurance, IEI, Plc have petitioned the House of Representatives over the failure of the interim Board and management team appointed by the National Insurance Commission, NAICOM, in 2015 to audit the company’s 2012, 2013, 2014 and 2015 accounts to publish and implement the audit report before […]
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Pension Entitlements To 13,000 Retirees Gulp N98bn In 2 Years
By ZAKA KHALIQ The federal government has paid a sum of N98 billion as pension entitlements to 13,000 retirees between 2014 and 2016. LEADERSHIP also exclusively gathered at the weekend that pension arrears of the federal government has risen to N184 billion. This means that in the last three years, […]
Pay divorced wife from pension annuities, UK court orders NRI
In an order that may impact divorce battles between NRI couples in the UK, an appeal court there has decided that a pension-sharing provision does not apply to foreign pensions, but directed a man to pay a monthly maintenance to his former wife from its annuities. The order may make […]
1.1 million pensioners die awaiting pension in Kwara – NUP
By John Owen Nwachukwu Nigeria Union of Pensioners, NUP, has claimed that a total of 1,126,000 pensioners in Kwara state alone, have died between January 2015 and February, 2017 awaiting their pensions from the state government. The union accused the state government of being the cause of the death of […]
PenCom eyes N280.77bn to keep pension sector afloat in 2017
Mrs Anohu-Amazu Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) says over N280.77 billion is required to settle outstanding pension arrears and current year overheads. Its Director-General, Mrs. Chinelo Anohu-Amazu, said this in a memorandum submitted to the National Assembly Joint Committee on appropriations at […]
Pension funds set to be invested in the stock market
An investor checks stock information on his mobile phone in front of an electronic board showing stock information at a brokerage house in Beijing, Feb 16, 2016.[Photo/Agencies] A total of 360 billion yuan ($52.5 billion) in pension funds has been freed up at a provincial level to pursue long-term asset […]
British woman who ‘faked death in Zanzibar in £140k insurance fraud bid’ arrested along with teenage son
Martin Evans, crime correspondent A mother and son have been arrested for allegedly faking her death during a luxury holiday to Zanzibar in a plot to claim a £140,000 life insurance payout. The pair, from Walsall in the West Midlands, claimed she had died in a car crash on the […]
World Bank & Africa Re to cap weather index-insurance loss ratios
By ARTEMIS The World Bank’s Global Index Insurance Facility (GIIF) and African Reinsurance Corporation (Africa Re) have teamed up to provide a facility that will help to cap insurers loss ratios on weather index-insurance schemes in Africa. Index-insurance, or index based insurance, typically involves protecting policyholders from weather and climate […]
Benue pensioners embark on prayer over unpaid arrears
By Joseph Wantu Pensioners Pensioners in Benue State have resorted to divine intervention over the unpaid 11 months pension arrears by the State government. Expressing their grievances, after the prayers, Chairman of the Concerned Pensioners, Peter Kyado stated that they had embarked on a three-day sensitization and prayer procession to […]
Premium Pension opens multi-million ultra modern regional office in Lagos
From left: Acting Head of Service, Lagos State, Folasade Adesoye, Commissioner, Inspectorate; PenCom, Professor Mohammed Kaoje; Chairman Premium Pension Limited, Aliyu Dikko and Managing Director Wilson Ideva at the commissioning of the firm’s Lagos Island Regional Office. Leave a comment and share Chuks Udo Okonta Premium Pension Limited, one of […]
