A woman has been arrested as part of a national clampdown on suspected fradulent insurance claims. The 26-year-old from Rainhill was one of six people arrested as part of a major operation by the Insurance Fraud Enforcement Department (IFED), part of the City of London Police. She was detained on […]
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PenOp seeks release of FG retirees’ accrued rights
Leave a comment Chuks Udo Okonta The Pension Fund Operators Association of Nigeria (PenOp) has called on the Federal Government to urgently release the outstanding accrued rights of its retirees so that their benefits can be processed and settled. The President of PenOp Misbahu Yola, said this at a media […]
Why Buhari missed UN’s Boko Haram meeting – Presidency
The Presidency has maintained President Muhammadu Buhari is fully committed to improve national security and succour for Internally Displaced Persons, IDPs. The Vanguard reported that this was contained in a statement by Garba Shehu, SSA to the President (Media & Publicity) in reaction to the earlier report that Buhari and […]
Bitter pill to swallow: New York State top health insurer to shut down in 2016
People celebrate in front of the US Supreme Court after ruling was announced on the Affordable Care Act. June 25, 2015 in Washington, DC. Photo by Mark Wilson/Getty Images New Yorkers with policies issued by Health Republic (a non-profit insurer backed by the federal government) will be forced to seek […]
FG discovers N20m excess in police pension account
The Federal Government, through the Pension Transitional Arrangement Directorate (PTAD) said it discovered about N20 million excess payment in the police pension account. It has, therefore set out to clean up the civil service starting with the verification of over 100,000 civil service pensioners to identify ghost beneficiaries. Director General […]
Surgeries by unlicensed assistant part of $150m insurance fraud, say prosecutors
Physician assistant not trained to perform surgery operated on hundreds while surgeon billing for procedures hid massive insurance fraud conspiracy A physician assistant who wasn’t licensed or trained to perform surgery operated on hundreds of patients while the orthopedic surgeon who billed for the procedures schemed with colleagues to hide […]
What’s the matter with Union Bank?
SIR: We, the aggrieved pensioners of Union Bank of Nigeria Plc nationwide (pensioners from 2006 to 2014) have been maltreated, pauperized, traumatized, tortured, tormented and completely dehumanized by the recalcitrant posture of Union Bank and PENCOM. Some have been sent to their early graves. For almost four years, Union Bank […]
How to save up for retirement
Saving for retirement is important but how you go about it is a challenge. There are so many products and it’s not so easy to decide between them. In this article, I will be looking at three of the products that you can use to save for your retirement namely […]
An eye witness report on Hajj stampede
Leave a comment Chuks Udo Okonta This report was written on the Facebook page of a Nigerian currently attending the Hajj in Saudi where about 717 muslim faithfuls were killed yesterday in a stampede. A few steps to d gate, noticed the Saudi police trying to close d gate. Doubled […]
The growing role of the insurance compliance officer
The role of the insurance compliance officer has evolved from a purely advisory role into a proactive one with internal audit characteristics in the last few years according to a white paper by Ethical Corporation, a global business publication. The paper notes that whereas the typical job of the compliance […]
