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 […]
Pension
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 […]
PenCom requests N133.02bn for FG retirees in 2017
Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has requested for the appropriation of N113,023,255,000.00 for Federal Government retirees in 2017, as against the sum of N50,195,808,918.00 submitted by Federal Government in the 2017 appropriation bill, thereby resulting in a shortfall of N62,827,446,082.00. PenCom made […]
MEMORANDUM SUBMITTED BY THE NATIONAL PENSION COMMISSION TO THE SENATE COMMITTEE ON ESTABLISHMENT AND PUBLIC SERVICE AT THE BUDGET DEFENCE SESSION ON THE 2017 BUDGET ESTIMATES FOR APPROPRIATION
MEMORANDUM SUBMITTED BY THE NATIONAL PENSION COMMISSION TO THE SENATE COMMITTEE ON ESTABLISHMENT AND PUBLIC SERVICE AT THE BUDGET DEFENCE SESSION ON THE 2017 BUDGET ESTIMATES FOR APPROPRIATION 14 FEBRUARY, 2017 1.0 Introduction 1.1 The National Pension Commission (“the Commission” or “PenCom”) would like to express its profound appreciation to […]
Nigeria needs N204bn to settle pension backlog
The League of Federal Service Contributory Pension Retirees says the Federal Government will need N204 billion to clear the backlog of arrears owed its members. Got something awesome to share with the world? Click here to share The Coordinator, Mr. Chike Ogbechie, who decried the non-payment of allowances and pensions […]
Annuity funds feud: Clue from PRA 2014 Section 116 (1)
Notwithstanding the provisions of any other law, no pension funds or assets kept with a Pension Fund Custodian under this Bill shall be used to meet the claims of any of the Pension Custodian’s creditors in the event of liquidation of the Pension Fund custodian and neither shall the pension […]
Nigerian Pension Funds Outperform Bench Mark Index but not inflation
Nigerian pension funds once again recorded another year of brilliant performance in 2016 roundly beating the NSE Pension Index by wide margins. The NSE Pension index ended the year 2016 at 810.04 points from its 2015 value of 815.16 points, thereby ending the year down by 5.13 points or -0.63%. […]
Lecturers’ pension fund enrols with Macquarie’s green bank bid
By Mark Kleinman, City Editor One of Britain’s biggest pension funds has signed up to an Australian-led bid for the UK’s Green Investment Bank (GIB) as it seeks to burnish its credentials amid growing political rancour. Sky News has learnt that the Universities Superannuation Scheme (USS), which manages the retirement […]
First Guarantee v. Nze Chidi Duru: One Week, One Trouble?
In a space of a few weeks, the former Vice Chairman of First Guarantee Pension Limited, Hon Nze Chidi Duru, has been arraigned twice in two different courts at two different locations, on criminal charges allegedly committed in the pension industry. Olaoluwakitan Babatunde who has been following developments around the […]
In a space of a few weeks, the former Vice Chairman of First Guarantee Pension Limited, Hon Nze Chidi Duru, has been arraigned twice in two different courts at two different locations, on criminal charges allegedly committed in the pension industry. Olaoluwakitan Babatunde who has been following developments around the […]
