In the statement, PenCom alleged that the guidelines “will boost government’s fight against Financial Terrorism and Money Laundering, and nip in the bud the dangers that could arise should Contributors decide to use RSAs to launder dirty money”
Browsing: PENCOM
The statement is sequel to the threat by the Rivers State Council of Trade Union Congress on disruption of work based on PenCom’s draft guidelines on withdrawal from voluntary contribution
In a statement personally signed by him, Oshiomhole said: “Recently, a section of news media attributed comments to me regarding the way and manner in which pension funds to the tune of 3.5 trillion Naira were drawn down to support recurrent expenditure and not infrastructure development. In the said reports, the impression created was that I had accused the National Pension Commission (PENCOM) of colluding with the Federal Ministry of Finance to divert the said amount
The National Pension Commission (PenCom) says it has approved N4.44 billion as death benefits to the Next- of-…
The News Agency of Nigeria reports that PenCom’s draft statement would guide Pension Fund Administrators and other investors who want pension fund asset to develop infrastructure in Nigeria
The Pension Reform Act of 2014 is clear on consequences of contravention of Section 11, sub section 3 by employers, who for any reason, fail to remit workers’ monthly contribution to the Pension Fund Administrators
The report said the increase was largely explained by Retirement Savings Account memberships, which accounted for 98.94 per cent of total pension scheme memberships during the quarter
The National Pension Commission said the pension contribution by both public and private sectors into Retirement Savings Account at the…
Among other assets, the report stated, were corporate debt securities, supranational bonds, local money market securities, foreign money market securities, open/close-end funds, real estate properties, private equity funds and cash
Contrary to the report that the Nigerian National Petroleum Corporation (NNPC) has resolved the pension issue and other demands of its workers, there is total shutdown at all NNPC offices and locations all over the country.
The Management of the Nigerian National Petroleum Corporation (NNPC) on Monday assured members of staff and the general public that it is taking steps to avert a looming industrial action by the Corporation’s arm of the National Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) even as the National Pension Commission has given a twelve-month widow for the Corporation to comply with the Pension Reform Act 2014 as amended.
The Nigerian National Petroleum Corporation on Monday said it had taken necessary measures to avert the proposed strike by the oil workers from the unresolved pension issues.
She said: “To the credit of the system, which is transparent and resilient, it is designed to cater for workers at old age when they are no longer able to work
The TMG based its position on the continuing investigation of Muazu by the Economic and Financial Crimes Commission