Browsing: National Pension Commission

The Director General, PenCom , Aisha Dahir-Umar, said this at the 2021 Journalists Workshop held on Monday in Lagos.

This was sequel to PenCom’s submission to the President on the payment of some critical aspects of the outstanding pension liabilities of the Federal Government under the Contributory Pension Scheme.

Anyim Nyerere, Commissioner, Technical, PenCom, said this at a Workshop organised by the commission for Pension Desk Officers on Enrollment Application on Wednesday in Lagos.

This was disclosed by the commission in its fourth quarter, 2020, recently, noting that the commission had approved for payment of monthly pensions in the sum of N62,292,272.25 to 3,628 NSITF pensioners.

The Governors last week reportedly proposed to borrow around N17 trillion from the pension funds after receiving a briefing from the Kaduna State Governor, Mallam Nasir el-Rufai, who is the Chairman of the National Economic Council Ad Hoc Committee on Leveraging Portion of Accumulated Pension Funds for Investment in the Nigeria Sovereign Investment Authority.

The Head Corporate Communication, PenCom, Peter Aghahowa, made this known in a statement in Abuja on Monday.

A statement by Femi Adesina, Special Adviser to the President disclosed that Buhari, who virtually commissioned the new Head Office Building of Nigerian Police Fund Pensions Ltd, said the government was also focused on ensuring that police officers, who served the nation meritoriously, were resettled into retirement, with some financial support.

Most states across the six geopolitical zones in the country are yet to fully implement the Federal Government’s Contributory Pension Scheme, a report by the National Pension Commission has revealed.

The Imo State Governor, Chief Emeka Ihedioha, has restated his administration’s commitment to the implementation of a veritable pension administration in the state.

The National Pension Commission has said its pre-retirement verification exercise for 2020 retirees from Federal Government Ministries, Departments and Agencies would end on August 2.

The National Pension Commission says it is taking practical measures to educate and expose Nigerian youths on the economics and workings of pension administrations and management in the country.

The National Pension Commission says it is targeting no fewer than 30 million Nigerians in its Micro Pension Plan within the next five years.

The National Pension Commission says the country’s total pension assets stand at N8.906 trillion as at February ending as against N9 trillion reported in the media.

The House of Representatives, on Thursday, asked the Governor of Central Bank of Nigeria, Godwin Emefiele, to appear before it over alleged discrepancies in the remittance of N33 billion pension deductions by National Pension Commission.

House of Representatives threatens to issue a bench warrant to compel Pension Fund Administrators to appear before its ad hoc committee, if they fail to attend the public hearing on April 4.

In reaction to the plan by a 65-year-old retired teacher who served in the Bauchi State Civil Service, Alhamdu Dan’Azumi, to terminate his own life, the National Pension Commission on Friday promised to assist him in getting his entitlement.

The National Pension Commission says total pension fund assets have grown to N8.63 trillion as at December 2018.

The House of Representative has started investigations into the activities of the National Pension Commission from April 2017 to date on the alleged violation of the Act establishing the commission.

The National Pension Commission has issued licence to the Nigerian University Pension Management Company Ltd to carry out the business of a Pension Fund Administrator in universities.

The commission in its 2018 third quarter report posted on its website, said the 2,831 retirees received N1.7 billion as lump sum payment and were paid premium of N16.04 billion to insurance companies.