Prosecutors on Wednesday painted a former high-ranking Detroit cop convicted in a Kwame Kilpatrick-era corruption scandal as a greedy liar and remorseless, entitled bribe-taker who should spend at least eight years in prison. In a blistering filing, federal prosecutors made the request two days after Paul Stewart’s co-defendant, ex-Detroit Treasurer […]
Pension
PFAs get N26.63bn monthly from RSA holders
Chuks Udo Okonta About N26.63 billion is contributed monthly by Retirement Saving Account (RSA), the National Pension Commission (PenCom) has said. The commission said in a report that the average monthly contributions by the private and public sectors were N17.46 billion and N9.17 billion respectively during the first quarter in […]
N3.25tr pension funds invested in govt securities, says PenOp
PENOP CHAIRMAN, MISBAHU YOLA AND EXECUTIVE SECRETARY MS SUSAN ORANYE AT THE EVENT The Nation By: Nduka Chiejina About N3.25 trillion out of the almost N5trillion of the Pension Funds so far collected have been invested in Federal Government securities, the managers of the fund, have said. The Chairman, Pension […]
Faces at the PenOp’s media Briefing in Abuja
PENOP CHAIRMAN, MISBAHU YOLA (3RD LEFT) ADDRESSING MEMBERS OF PRESS AT MEDIA BRIEFING IN ABUJA
Japan’s Pension Funds Unexpectedly Sold Stocks Last Quarter
Bloomberg Yuji Nakamura Shigeki Nozawa Anna Kitanaka Japan’s public pension funds sold domestic stocks in the three months through June, ending a five-quarter buying spree that saw them put 4.5 trillion yen ($37.3 billion) into the nation’s equity market. The funds offloaded 406.8 billion yen of local shares in the […]
How pension funds are invested – PenOp
Chuks Udo Okonta The Executive Secretary, Pension Fund Operators Association of Nigeria (PenOp), Susan Oranye, has identified safety; liquidity and returns as major considerations in investing pension funds. Oranye, disclosed this while reacting to the call in some quarters for injection of more pension funds in the capital market. She […]
Retired Soldiers Threaten Protest Over Five-Year Pension Arrears
MILITARY retirees has threatened to occupy major roads across country in protest if the Federal Government fails to pay their August 2015 pension and arrears of the Military Consolidated Pension Review approved by former President Goodluck Jonathan in 2010. Besides, the retired soldiers have accused the Military Pension Board of a […]
Nigeria’s NJC suspends judge over pension scam judgment
TVC NEWS [ABUJA]- The National Judicial Council (NJC) has suspended Justice Abubakar Talba of the High Court, Federal Capital Territory (FCT) Abuja from office for a period of one year without pay over the judgment he delivered in the case of the police pension fund thief, John Yakubu Yusuf. Yakubu […]
