Govt owing us over ₦20bn, haven’t paid us ₦1.5bn – Adamawa NUP
Spread the loveThe Nigeria Union of Pensioners, NUP, has refuted claims by the governor Adamawa State, Ahmadu Fintiri, that he ₦1.5 billion as a part payment of pension arrears owed…
PTAD pays 620 NAHCO ex-workers final entitlements
Spread the loveIn a press release on Thursday, PTAD disclosed that it had paid 620 ex-workers of NAHCO their final entitlements. The statement reads “The Pension Transitional Arrangement Directorate has…
Nigeria Employer’s Consultative Association wants strict compliance with pension laws
The Nigeria Employer’s Consultative Association (NECA) has stated its position regarding the controversy surrounding the move by state governments to borrow from the Pension Fund Assets (PFAs) for infrastructure development,…
The Legality of Govt borrowing pension fund
Spread the lovePension funds, by definition, are monies put aside on behalf of employees, which are then paid to them in monthly instalments upon retirement from full-time work. For millions…
₦7.5bn spent in 18 months to settle pensioners in Oyo – Gov Makinde
Spread the loveGov. Seyi Makinde of Oyo State, said that his administration have spent ₦7.5 billion to settle the gratuities of pensioners in 18 months of his administration. Makinde, who…
PFAs can only invest upto a maximum of 15% of AUM on infrastructure bonds – PenCom
Spread the loveThe National Pension Commission (PenCom) has stipulated that pension fund administrators (PFAs) are only allowed to invest ₦2.4 trillion in infrastructure. A communique that emanated from the 22nd…
