Home Topics PFAs

PFAs

Only 1.78% Nigerian workforce captured in pension net

Only 1.78 per cent Nigerian workforce is captured in the pension pot of the Contributory Pension Scheme (CPS) and have a secured life after retirement, a report obtained by newsmen has shown.
Some of the states operating the Contributory Pension Scheme refused to remit about N3.4bn pension contributions deducted from their workers monthly remunerations into their respective Retirement Savings Accounts with their Pension Fund Administrators, so says the acting Director-General, National Pension Commission, Aisha Dahir-Umar.

Micro pension plan, grassroots campaigns lift assets to N9.33 trillion

The rising acceptance of micro pension scheme being driven by the National Pension Commission (PenCom), has led to steady rise in pension assets. The pension funds grew from N9.12 trillion in April to N9.33 trillion in June 2019, indicating a N21 billion increase.

Police retirees groan over delayed pension payment

Police retirees under the Contributory Pension Scheme (CPS), supervised by the National Pension Commission (PenCom) are now lamenting over undue delay in the remittance of their accrued benefits said to have accumulated for over one year.

Data recapturing to protect pensioners from cybercrime – coy

Managing Director and Chief Executive Officer, IEI-Anchor Pension Managers Limited, Mr. Glory Etaduovie, has said that the ongoing data recapturing exercise of pension contributors and retirees by the Pension Fund Administrators, PFAs, nationwide will protect pension clients against cyber crime and other fraudulent intents and activities.

Pencom holds verification, enrolment exercise for retiring federal workers

The National Pension Commission (PenCom) on Monday continued its 2019 verification and enrolment exercise for employees of Federal Government Treasury-Funded Ministries, Departments and Agencies (MDAs) due to retire between January 1 and December 31, 2020.
Some of the states operating the Contributory Pension Scheme refused to remit about N3.4bn pension contributions deducted from their workers monthly remunerations into their respective Retirement Savings Accounts with their Pension Fund Administrators, so says the acting Director-General, National Pension Commission, Aisha Dahir-Umar.

Pencom: States fail to remit N3.4 billion deducted from workers’ pay

The acting Director-General of National Pension Commission, Mrs Aisha Dahir-Umar, has alleged that some of the 36 states operating the Contributory Pension Scheme refused to remit about N3.4 billion pension contributions deducted from their workers monthly remunerations into their respective Retirement Savings Accounts (RSAs) with their Pension Fund Administrators (PFAs).
Some of the states operating the Contributory Pension Scheme refused to remit about N3.4bn pension contributions deducted from their workers monthly remunerations into their respective Retirement Savings Accounts with their Pension Fund Administrators, so says the acting Director-General, National Pension Commission, Aisha Dahir-Umar.

Pencom: Over N3.4 billion deducted from workers’ pay as pension un-remitted

Some of the states operating the Contributory Pension Scheme refused to remit about N3.4bn pension contributions deducted from their workers monthly remunerations into their respective Retirement Savings Accounts with their Pension Fund Administrators, so says the acting Director-General, National Pension Commission, Aisha Dahir-Umar.
Ogun state governor Prince Dapo Abiodun has tweeted his real official portrait, as against the image that is being circulated by street traders in Abeokuta, the capital.

Governor Abiodun: My appointments will be based on merit

Ogun State Governor Dapo Abiodun has said that the composition of his administration’s cabinet will be determined by merit, stressing that qualified professionals were imperative to the execution of his plans for the people of Ogun.
Dapo Abiodun

Governor Abiodun: I’ll meet civil servants’ expectations steadily

The Ogun State governor, Prince Dapo Abiodun, has assured civil servants in the state that his administration would meet their expectations steadily.
President of the Nigeria Labour Congress (NLC), Mr Ayuba Wabba

Minimum wage: Labour urges federal government to finalise salary adjustment

The Organised Labour has called on the Federal Government to quickly finalise the salary adjustment and implementation of the new National Minimum Wage for workers in the country.

Expert seeks increased awareness on multi-fund investment structure

A Chartered Insurer and former Managing Director of Linkage Assurance Plc, Dr. Pius Apere, has kicked against the multi-fund investment structure introduced last year by the National Pension Commission (PENCOM), stressing that the Pension Fund Administrators (PFAs) have not created enough awareness on the initiative.

PenCom directs PFAs to invest on projects

The National Pension Commission (PenCom) has directed Pension Fund Administrators (PFAs) to invest a minimum of 60 per cent of their funds on projects within Nigeria.

PenCom to attract 60 million enrolees, N3 trillion growth

The National Pension Commission (PenCom) is set to attract 60 million Nigerians in the informal sector to the pension scheme and hit N3 trillion assets growth.
Lagos Akinwunmi Ambode

Lagos pays N166 billion into contributory pensions account

Lagos State has funded its employees’ Retirement Savings Accounts (RSAs) under the Contributory Pension Scheme (CPS) with N166 billion in the last 11 years, Governor Akinwunmi Ambode has said.

PenCom urges pension contributors to update biometrics

The National Commission has advised contributors to update their records with the Pension Fund Administrators in a bid to ensure the smooth running of the Retired Savings Accounts.

PenCom urges pension contributors to update biometrics

The National Commission (PenCom), has advised contributors to update their records with the Pension Fund Administrators (PFAs) in a bid to ensure the smooth running of the Retired Savings Accounts (RSA).

Lagos government to fast-track pension payment to retirees with terminal ailments

The Lagos State Government says it will henceforth fast-track the payment of gratuity and pension to retirees living with terminal diseases.

Lagos government settles N688 million accrued pension rights

The Lagos State Government said it released N688 million to 178 retirees in October to offset part of their accrued pension rights.

Recent Stories

The US Federal Bureau of Investigation (FBI) has arrested Nigerian entrepreneur, Obinwanne Okeke of conspiracy to commit fraud running into the sum of 12 million US dollars.

$11 million fraud: Obinwanne Okeke pleads not guilty, remanded in prison

Obinwanne Okeke, the 31-year-old Nigerian held by American authorities for alleged fraud, entered a plea of not guilty to two counts of wire and computer fraud at his first hearing on Monday.
Oby Ezekwesili

Oby Ezekwesili urges new economic council to tell President Buhari how he ‘mismanaged economy’

Oby Ezekwesili, a former presidential candidate, on Tuesday, urged the newly constituted Economic Advisory Council to make it a priority to tell President Muhammadu Buhari, how he has allegedly mismanaged the economy.
Rescue workers stand near a passenger train after it derailed during rush hour outside Hung Hom station on the Kowloon side of Hong Kong. Anthony Wallace-AFP-Getty Images

Train derails in Hong Kong during rush hour

A passenger train derailed during the morning rush hour in Hong Kong on Tuesday leaving eight people injured, authorities said.
Gov. Gboyega Oyetola of Osun in Monday inaugurated eight newly renovated primary health care centres in the state.

Osun governor inaugurates eight primary health care centres

Gov. Gboyega Oyetola of Osun in Monday inaugurated eight newly renovated primary health care centres in the state.

IPOB: Security agents besiege Nnamdi Kanu’s Umuahia home

The Indigenous People of Biafra (IPOB) has insisted that security agents have been keeping watch at the country home of their leader, Mazi Nnamdi Kanu, despite consistent denial by the authorities.