SOUTHWEST PENSIONERS TO SUE GOVERNORS OVER NON-PAYMENT OF GRATUITIES

The Nigeria Union of Pensioners, South West Zone has vowed to sue state governors in the country over nonpayment of gratuities. NUP said the gratuity was for their members across the country from 2008 till date. Ayo Kumapayi and Olusegun Abatan, Zonal Chairman and Spokesman for the zone respectively, made disclosure at the end of the zonal meeting held on Thursday in Akure, Ondo State. According to them, the union has discovered that nonpayment of gratuity to pensioners is not only in the South West but throughout the federation. They…

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FG ESTABLISHES SCHOOL OF PENSIONS

Malam Muhammad Musa Bello, FCT Minister, The Federal Government on Thursday commissioned the first Abuja School of Pensions and Retirement Planning (ASPRP) to provide tertiary education for acquisition of vital skills and capacity in pension administration and management. The school, a private sector driven monotechnic, is approved by the Ministry of Education, having met the requirements of the National Board for Technical Education (NBTE). Malam Muhammad Bello, Minister of Federal Capital Territory, said the establishment of the school was a proof of FCT administration’s commitment to encourage innovation, enterprise and…

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NPF BARS PENCOM FROM INVESTING IN THE BONDS OF 9 STATES

The National Pension Commission has barred  pension fund administrators from investing in the bonds of nine states that have yet to amend their state pension laws and join the Contributory Pension Scheme. Findings also revealed that this restriction might be extended to 15 other states that had joined the CPS, but were not showing full commitment to funding the Retirement Savings Accounts of their workers. Latest figures from the commission showed  that as of March 2019, the number of states that had enacted laws on the CPS stood at 27.…

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REPS COMMITTEE GRILLS NATIONAL PENSION COMMISSION MANAGEMENT FOR HOURS OVER MISSING 38BIL

By Emman Ovuakporie The House of Representatives panel probing National Pension Commission, PenCom, yesterday,  grilled the management team of the apex regulatory body over alleged missing N38 billion released to it by the Central Bank of Nigeria, CBN.  House of Representatives For more than three hours the Ehiozuwa  Agbonnayinma (APC, Edo) led ad-hoc committee grilled the management team. A representative of the acting Director General of Pencom Mr Olohinmi Lana had an uphill task responding to the many questions of the panellists. Chairman of the committee said that the committee…

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DESPITE PARIS CLUB REFUND, THESE STATES OWE SALARIES AND PENSIONERS

Bauchi: How Bauchi utilised Paris Club funds Bauchi State is one of the beneficiaries of the Paris Club Refund given to state governments for the payment of salaries and pension arrears. In the first few months of Governor Mohammed Abdullahi Abubakar’s administration, he faced the challenge of paying salaries, especially a backlog inherited from the previous administration. However, after a workers verification exercise which generated a lot of heat, the government paid the backlog. About N8 billion was later given to the state by the Federal Government as bailout to help…

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PROTESTING PENSIONERS ARE PUBLIC NUISANCE, SAYS OSUN COMMISSIONER

Femi Makinde, Osogbo The Osun State Commissioner for Information, Mr. Adelani Baderinwa, has accused the pensioners under the aegis of the 2011/2012 Forum of Pensioners of constituting themselves into nuisance to the people of the state and blackmailing the state government at the same time. The commissioner said this statement in reaction to last Thursday’s protest organised by the pensioners to press home the demand for the payment of their pension arrears and gratuities. Baderinwa said the constant protest by the group of pensioners was a public disturbance, describing their…

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