N124bn police pension scam: Court fixes Feb. 19 to rule on trial-within-trial

By Meletus EZE Justice Hussein Baba-Yusuf  of an FCT High Court Maitama, on Thursday, fixed Feb. 19 to rule on whether the alleyed  confession of Veronica Onyegbula, was made under duress or free from oppression; and whether or not the statement should be admitted as evidence. Onyegbula, is the fourth defendant in the case of alleged complicity in over N14 billion Police Pension Fund scam filed by the Economic and Financial Crimes Commission (EFCC). Others are: Esar Dangabar, Atiku Kigo, Ahmed Wada, Sani Zira, Uzoma Attang, and Christian Madubuke. Justice Baba-Yusuf,fixed the…

Read More

Reps disagree over motion to investigate FG’s alleged violation of PenCom Act

By Thompson ABISOLA Speaker of the House of Representatives, Mr Yakubu Dogara, House Leader, Mr Femi Gbajabiamila and other members on Thursday disagreed over a motion to investigate alleged violation of PenCOM Act by the Federal Government. The disagreement followed a motion, under matters of urgent public importance, by Rep Benjamin Wayo (APC-Benue) at the plenary in Abuja. Wayo had moved a motion titled: ‘Motion to Investigate the Violation of PenCOM Act, Illegal and Unlawful Appointments, and Provisions and Use of Public Funds’, at the plenary. Wayo, who represents Kwande/Ushongo…

Read More

Edo pensioners call on state govt to pay outstanding arrears

By Aliyu DANLADI The Aggrieved Pensioners of Edo State, a pressure group under the Nigerian Union Pensioners (NUP) Edo Chapter, has appealed to Edo State Government to pay outstanding pension arrears. The Chairman of the group Mr Gabriel Osenweka said in Benin on Wednesday that the previous administration in the state intentionally removed some names from the payroll. “Two years ago before the present government, the past administration intentionally removed names of some pensioners in the payroll and deprived them of their pay. “Majority of pensioners die yearly as a…

Read More

PENCOM to inaugurate micro pension scheme in 2019 — DG

By Thompson ABISOLA The Acting Director-General, National Pension Commission (PENCOM), Mrs Aisha Dahir-Umar, said that the Commission had released framework and guidelines for Micro-Pension Scheme to take off   in first quarter of next year. Dahir-Umar, who was represented by Mr Datti Yola, Head of Surveillance Department, PENCOM, said this at the Compliance Officers Forum held in Uyo on Monday. She said that the micro-pension scheme was aimed at capturing the informal sector such as artisans, tailors and other self-employed to plan and save for their retirement. “It is also important…

Read More

Niger Pension Board receives N3 bln to settle retired workers, others

By Aliyu DANLADI The Niger government has released N3 billion to the pension board to settle outstanding pensions, gratuities and death benefits owed relations of retirees, according to the board’s Director-General, Alhaji Usman Muhammad. Muhammad said on Saturday in Minna that N1.4 billion would be paid to relations of dead retirees, while N780 million would be sunk into the payment of retirement benefits. He, however, accused the Pension Fund Administrators (PFAs), of frustrating the payment of entitlements to pensioners under the Contributory Pensions Scheme. “There have been some observed delays…

Read More

Premium Pension AUM hits N600bn – MD

By Giwa SHILE Premium Pension Ltd. (PPL) on Friday says its Assets Under Management (AUM) has hit N600 billion, from zero balance it was when the company was established in 2005. The Managing Director of the company, Mr  Umar Mairami, made this known at an “Award of Excellency’’, organised by the company in Lagos. “The Award was held to reward loyal clients and customers of the pension outfit, one of the Pension Fund Administrators (PFAs) in the country. “The award, which was divided into five categories, was meant to celebrate…

Read More

Micro Pension Scheme participants to access 40% in 3 months — PenCom

By Giwa SHILE The National Pension Commission (PenCom) says contributors under its Micro Pension Scheme to be rolled out in 2019 could have access to 40 per cent of the total contributions after three months of commencement. The Head, Corporate Communications, Mr Peter Aghahowa, made the disclosure on Friday at the corporation’s special day at the ongoing Lagos International Trade Fair. Aghahowa said the scheme, a voluntary contribution, allowed participants to have the options of saving monthly, weekly and also daily, depending on the types of their businesses. The spokesman…

Read More

Expert advocates universal pensions for older persons

By Olalekan FAWAS The Chief Executive Officer, Mr Malawi Network of Older People’s Organisation (MANEPO), Malawi Andrew Kavala, , has called for universal pensions to address poverty and other vulnerabilities of older persons. Kavala, who is also a Country Director, Regional Age Network, South Africa, made the call at the maiden edition of the SGA Africa Annual Regional Conference on Ageing on Wednesday in Abuja. He made the appeal while presenting a paper on “Addressing older persons in multi-dimensional poverty through social protection’’ (Social Pension and Health Insurance). He said the paper…

Read More

Investigate death certificates presented by beneficiaries before payment- PenCom

By Giwa SHILE The National Pension Commission (PenCom) on Wednesday directed the Pension Fund Administrators (PFAs) to investigate the death certificates presented by beneficiaries of the deceased before payment of death benefits. The Acting Director-General of PenCom, Mrs Aisha Dahir-Umar, gave the directive in Abuja. Dahir-Umar said that the agency had received series of complaints from retirees that some PFAs paid death benefits to their next-of-kins even while still active in service. According to the commission, it became imperative to curb the menace and strengthened the process of payments of…

Read More

Kano spends N1.2bn monthly on pension – Ganduje

By Thompson ABISOLA ‎ The Kano State Government says it is spending N1.2 billion monthly on the payment of pension and other benefits in the state. ‎Gov. Abdullahi Ganduje disclosed this in Kano on Tuesday while inaugurating an 8-man committee on the payment of outstanding benefits for retirees in the state. Represented by his Deputy, Dr Nasiru Gawuna, the governor said that the N1.2 billion is being paid monthly to pensioners in spite of high wage bill and dwindling revenue. He said that the state government inherited ‎gratuities and death benefits…

Read More