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Browsing Category
Pension
PTAD Pays Over N90bn Annually To Pensioners
Pension Transitional Arrangement Directorate, (PTAD), has said that the Federal Government has been paying more than N90billion to pensioners in the country yearly.
The directorate said that it inherited 92,373 pensioners from the…
PenCom, PenOp Set To Deepen Micro Pension Plan In 2022
The National Pension Commission (PenCom) and Pension Fund Operators Association of Nigeria (PenOp) have said they are ready to deepen the micro pension penetration rate amongst Nigerians in the informal sector this year.
This development…
PenCom Reassures On Safety Of RSA Contributions
The National Pension Commission (PenCom) has said it is committed to ensuring that all pensioners under the Contributory Pension Scheme (CPS) are fully recaptured and uniquely identified on the database to ensure that only bonafide…
3.5m RSAs Randomly Funded In 2020 –PenCom
Out of the 9.27 million Retirement Savings Accounts (RSAs) recorded as at December 31, 2020 under the Contributory Pension Scheme (CPS), about 3.5 million accounts have irregular funding procedures, the National Pension Commission (PenCom)…
LCCI Urges PenCom To Proctect N12.8 Trn Pension Fund
Lagos Chamber of Commerce and Industry (LCCI) has charged the National Pension Commission (PENCOM) to ensure the safety and profitability of Nigeria’s N12.8 trillion pension assets.
The President of LCCI, Toki Mabogunje, gave the advice…
Maina Gets 8yr Jail-term, Forfeits Money, Properties
Nine years after the chairman of the defunct Pension Reform Task Team (PRTT), Abdulrasheed Maina was exposed to a monumental fraud that fleeced huge pension funds the Federal High Court in Abuja Monday slammed an eight-year jail term on him…
Maina Gets 8yr Jail-term, Nine-year After Exposure
Nine years after the chairman of the defunct Pension Reform Task Team (PRTT), Abdulrasheed Maina was exposed to a monumental fraud that fleece huge pension funds the Federal High Court in Abuja Monday slammed an eight-year jail term on him…
Pension Industry Assets Hits N13trn In Sept–SEC DG
The Director General of the Securities and Exchange Commission, Lamido Yuguda has said that the pension industry was one of the fastest growing sectors in the nation's economy with assets under management of N13trillion as at the end of…
Pension Sector Adds 3,555 Contributors, 19 Firms For Sanction In Q2.
The National Pension Commission (PenCom) has recovered a total of N398, 006, 984.46 from 31 defaulting firms while another 19 employers have been listed for legal action over their failure to contribute and remit deductions from their…
PTAD Verifies Pensioners In North East Zone From Sept 28
The Pension Transitional Arrangement Directorate (PTAD) has issued notice for the commencement of its Mop-Up Verification exercise for pensioners and the Next of Kin (NoK) of all Federally funded Parastatals, Agencies and Institutes under…