Pension
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NEWS
FG to pay accrued pensions soon- PenCom
The National Pension Commission (PenCom) on Tuesday in Lagos assured that all outstanding pension liabilities would be paid soon. Ms. Omolola Oloworaran, Acting Director-General, PenCom, gave the assurance at a workshop on the Online Enrolment Application for Pension Desk Officers (PDOs) of Treasury-funded Ministries, Departments, and Agencies (MDA) of the Federal Government. Oloworaran noted that concerted efforts by critical stakeholders…
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NEWS
Ogun pensioners commend Abiodun over release of N5.3bn gratuity
The Nigeria Union of Pensioners (NUP), Ogun chapter, has commended Gov. Dapo Abiodun for releasing the sum of N5.3 billion in gratuities to the state pensioners. The pensioners, in a commendation letter to the governor on Tuesday, jointly signed by Waheed Oloyede and Bola Lawal, the Chairman and Secretary, respectively, said the gesture would reduce the backlog of accrued gratuities.…
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Featured
Anambra Govt. probes unremitted LG workers, teachers’ pension funds
The Anambra Government says it is investigating the whereabouts of unremitted pension funds for Local Government workers and primary school teachers in the state. The state Head of Service, Mrs Theodora Igwegbe, said this at a Workshop on Contributory Pension Scheme, organised by the Nigeria Labour Congress (NLC) and Trade Union Congress in Awka on Wednesday. Igwegbe said the State…
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Defence
EFCC vows to tackle pension fraud
The Economic and Financial Crimes Commission (EFCC) has pledged to invoke all necessary and relevant laws to tackle pension fraud without hindrance. Dele Oyewale, EFCC Spokesperson, stated this in a statement on Wednesday in Abuja. According to Oyewale, Oshodi Johnson, Uyo Zonal Director and Assistant Commander of the EFCC, made this commitment when the Nigeria Union of Pensioners, Akwa Ibom…
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Featured
Foundation canvasses adequate provision of pension for retirees
The Cope-and-Live Mental Health Awareness Foundation, an NGO, has urged public and private organisations to make adequate provisions of pension fees to cater for basic needs of their retired employees. The co-Founder of the Foundation, Mrs Uzoamaka Nwachukwu, told the News Agency of Nigeria (NAN) on Friday in Enugu that an adequate pension fees/pay should be able to sustain the…
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Featured
Some retirees receive N500 monthly pension – NUP
The Nigeria Union of Pensioners (NUP), on Sunday, says some retirees are still receiving N500 as monthly pension in the country. Alhassan Musa, the Secretary of the union in Kaduna State, in an interviews withthe News Agency of Nigeria (NAN), described the condition of the returnees as “pathetic”. He said that most of the affected retirees were in precarious conditions,…
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economy
PTAD lauds Tinubu over timely release of pension funds, increment
The Pension Transitional Arrangement Directorate (PTAD) has commended President Bola Tinubu, for ensuring timely release of funds for payment of pensions and recent increment of pensions. Mrs Chioma Ejikeme, Executive Secretary of the PTAD, made the commendation in a statement on Wednesday in Abuja. Ejikeme said that the timely release of the funds had shown the effective commitment of the…
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Featured
NLC wants better pay, insurance, pension for journalists
The President of Nigerian Labour Congress (NLC) Comrade Joe Ajaero, has called for better pay, insurance cover and pension for journalists across the country. Ajaero made the call when he visited the President of Nigeria Union of Journalists (NUJ), Dr Chris Isiguzo in Abuja. He explained that while journalists played significant roles in the fight for independence and current democracy…
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Featured
FG expresses commitment to improve pension management, welfare of pensioneers
The Federal Government on Wednesday expressed its commitment to ensure that pension management was strongly improved as well as enhance the welfare of pensioneers. The Minister of Finance and Coordinating Minister for the Economy, Mr Wale Edun, said this while on a working visit to Pension Transitional Arrangement Directorate (PTAD), in Abuja. Edun said that the ministry would also support…
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Featured
Fulfil your promises to us, Ekiti pensioners appeal to Gov. Oyebanji
Pensioners in Ikole-Ekiti have appealed to Gov. Biodun Oyebanji of Ekiti State to fulfil his gubernatorial campaign promise by paying their outstanding gratuities. A cross section of the pensioners who spoke to the News Agency of Nigeria (NAN) in Ikole-Ekiti, said that they are patiently waiting for Oyebanji to commence payment of the backlog of gratuities in 2023. They lamented…
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Featured
Ogun Govt spent N82bn on pensions, gratuities in 36 months, says Abiodun
The Ogun Government spent N82bn on payment of pensions and gratuities to state and local government retirees between June 2019 and June, 2022. Gov. Dapo Abiodun of Ogun made this known an interactive session with workers at the June 12 Cultural Centre, Kuto, Abeokuta. According to the News Agency of Nigeria (NAN),Abiodun further said that out of the N18billion outstanding…
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NEWS
Rivers owes 4 years pension arrears, gratuities
Some pensioners in Rivers have appealed to the state government to pay four years pension arrears and gratuities owed them to “help change our pitiable living conditions”. The pensioners, in a statement by Mr Lucky Ati, their spokesman, regretted that some had not received anything since 2015. “We have written several letters to Gov. Nyesom Wike to no avail,” the…
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News
Pension Team rejected N2bn bribe
Khalid Aliyu, the EFCC prosecution witness (PW5) in the ongoing trial of Abdulrasheed Maina, ex-chairman, defunct Pension Reform Task Team (PRTT), on Friday, disclosed that the PRTT rejected an N2 billion bribe from the accused persons in the police pension fraud. Aliyu, who is also Maina’s younger brother, made the disclosure during cross-examination before Justice Okon Abang of the Federal…
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News
Katsina pensioners call for upward review of pension
The Nigeria Union of Pensioners (NUP), Katsina State chapter, has called on the state government to increase the pension of its members in line with the N30,000 new national minimum wage. Malam Isah Garba, State Secretary-General of the union made the appeal in an interview with the News Agency of Nigeria (NAN) on Tuesday in Daura. He said that the…
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NEWS
S.African pension manager Alexander Forbes raises $347 mln from flotation
South African pension manager Alexander Forbes priced its stock market listing in the middle of its marketed range on Friday, raising 3.7 billion rand ($347.32 million) in Africa’s second-largest initial public offering this year. The pricing points to fairly strong demand when the company lists on the Johannesburg bourse next Thursday, a trader said. It values Alexander Forbes at 9.7…
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