Pension – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Sat, 28 Feb 2026 10:56:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png Pension – InfoStride News https://www.theinfostride.com 32 32 PenCom Secures ₦972.12m Recovery in Q1 2025 as Pension Enforcement Intensifies https://www.theinfostride.com/pencom-secures-%e2%82%a6972-12m-recovery-in-q1-2025-as-pension-enforcement-intensifies/ https://www.theinfostride.com/pencom-secures-%e2%82%a6972-12m-recovery-in-q1-2025-as-pension-enforcement-intensifies/#respond Sat, 28 Feb 2026 11:00:46 +0000 https://www.theinfostride.com/?p=466178 The National Pension Commission (PenCom) has announced a major leap in enforcement activities as it recorded ₦972.12 million in recoveries from defaulting employers in the first quarter of 2025. The figure, representing a 503.7% increase from the ₦161.03 million recovered in the fourth quarter of 2024, underscores the regulator’s deepened resolve to protect workers’ retirement [...]

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]]> https://www.theinfostride.com/pencom-secures-%e2%82%a6972-12m-recovery-in-q1-2025-as-pension-enforcement-intensifies/feed/ 0 PenCom Mandates Reporting of Dollar-Denominated Pensions Above $10,000 https://www.theinfostride.com/pencom-mandates-reporting-of-dollar-denominated-pensions-above-10000/ https://www.theinfostride.com/pencom-mandates-reporting-of-dollar-denominated-pensions-above-10000/#respond Wed, 25 Feb 2026 16:43:38 +0000 https://www.theinfostride.com/?p=467222 The National Pension Commission (PenCom) has issued a new directive requiring pension fund operators (PFOs) to report all dollar-denominated pension contributions or benefits exceeding US$10,000. The move is part of broader measures aimed at strengthening oversight, enhancing transparency in cross-border pension transactions, and curbing potential abuses in the pension sector. Under the new rule, any [...]

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]]> https://www.theinfostride.com/pencom-mandates-reporting-of-dollar-denominated-pensions-above-10000/feed/ 0 PenCom Restricts Multiple Majority Shareholding in Pension Fund Operators to Safeguard Sector Integrity https://www.theinfostride.com/pencom-restricts-multiple-majority-shareholding-in-pension-fund-operators-to-safeguard-sector-integrity/ https://www.theinfostride.com/pencom-restricts-multiple-majority-shareholding-in-pension-fund-operators-to-safeguard-sector-integrity/#respond Wed, 28 Jan 2026 17:00:35 +0000 https://www.theinfostride.com/?p=467043 The National Pension Commission (PenCom) has rolled out a decisive regulatory reform aimed at tightening governance within Nigeria’s pension industry by banning majority ownership in more than one Pension Fund Operator (PFO). The move, according to the Commission, is designed to prevent conflicts of interest, entrench transparency, and maintain fairness in a sector that now [...]

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]]> https://www.theinfostride.com/pencom-restricts-multiple-majority-shareholding-in-pension-fund-operators-to-safeguard-sector-integrity/feed/ 0 FCMB Pensions Eyes Informal Sector Growth as Assets Cross N1tn https://www.theinfostride.com/fcmb-pensions-eyes-informal-sector-growth-as-assets-cross-n1tn/ https://www.theinfostride.com/fcmb-pensions-eyes-informal-sector-growth-as-assets-cross-n1tn/#respond Sun, 21 Dec 2025 15:22:30 +0000 https://www.theinfostride.com/?p=473921 FCMB Pensions has announced plans to deepen its engagement with Nigeria’s vast informal sector as its assets under management exceed the N1 trillion mark, reflecting sustained growth and rising confidence in the pension fund administrator’s operations. The development highlights both the expanding scale of the company’s portfolio and its renewed focus on extending pension coverage [...]

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]]> https://www.theinfostride.com/fcmb-pensions-eyes-informal-sector-growth-as-assets-cross-n1tn/feed/ 0 PenCom Recovers N4.04 Billion in Unpaid Pensions, Strengthens Contributors’ Confidence https://www.theinfostride.com/pencom-recovers-n4-04-billion-in-unpaid-pensions-strengthens-contributors-confidence/ https://www.theinfostride.com/pencom-recovers-n4-04-billion-in-unpaid-pensions-strengthens-contributors-confidence/#respond Fri, 19 Dec 2025 14:33:57 +0000 https://www.theinfostride.com/?p=473768 The National Pension Commission (PenCom) has successfully recovered N4.04 billion in unpaid pension funds, reaffirming its commitment to safeguarding the retirement savings of Nigerian workers and ensuring timely benefits for contributors under the Contributory Pension Scheme (CPS). The recovered funds, traced to various employers who had defaulted on pension remittances, reflect PenCom’s intensified regulatory oversight [...]

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]]> https://www.theinfostride.com/pencom-recovers-n4-04-billion-in-unpaid-pensions-strengthens-contributors-confidence/feed/ 0 PTAD’s Monthly Pension Disbursement to Retirees Rises to N1tn https://www.theinfostride.com/ptads-monthly-pension-disbursement-to-retirees-rises-to-n1tn/ https://www.theinfostride.com/ptads-monthly-pension-disbursement-to-retirees-rises-to-n1tn/#respond Fri, 05 Dec 2025 13:37:48 +0000 https://www.theinfostride.com/?p=472921 The Pension Transitional Arrangement Directorate (PTAD) has recorded a significant surge in its monthly pension expenditure, with payments to federal retirees now reaching an estimated N1 trillion. This development reflects the increasing financial commitments required to sustain pension obligations under the Defined Benefit Scheme (DBS), as well as efforts made by the Federal Government to [...]

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]]> https://www.theinfostride.com/ptads-monthly-pension-disbursement-to-retirees-rises-to-n1tn/feed/ 0 Nigeria’s Pension Assets Climb to N26 Trillion in August Amid Increased Contributions https://www.theinfostride.com/nigerias-pension-assets-climb-to-n26-trillion-in-august-amid-increased-contributions/ https://www.theinfostride.com/nigerias-pension-assets-climb-to-n26-trillion-in-august-amid-increased-contributions/#respond Wed, 08 Oct 2025 17:06:52 +0000 https://www.theinfostride.com/?p=468569 Nigeria’s pension industry achieved a major milestone in August 2025 as total pension assets under management surged to ₦26 trillion, reflecting growing investor confidence and consistent remittance by both private and public sector employers. This significant rise marks a sustained period of growth for the Contributory Pension Scheme (CPS) despite macroeconomic challenges, inflationary pressures, and [...]

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]]> https://www.theinfostride.com/nigerias-pension-assets-climb-to-n26-trillion-in-august-amid-increased-contributions/feed/ 0 Pension Commission Confirms Over 844,000 Retirees Now Accessing Benefits https://www.theinfostride.com/pension-commission-confirms-over-844000-retirees-now-accessing-benefits/ https://www.theinfostride.com/pension-commission-confirms-over-844000-retirees-now-accessing-benefits/#respond Fri, 03 Oct 2025 16:08:04 +0000 https://www.theinfostride.com/?p=468176 The National Pension Commission (PenCom) has disclosed that more than 844,000 retirees across Nigeria are currently receiving retirement benefits under the Contributory Pension Scheme (CPS). According to the Commission, the figure represents both those who receive monthly pensions and others who have collected their lump-sum entitlements. This marks a significant milestone for the nation’s pension [...]

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]]> https://www.theinfostride.com/pension-commission-confirms-over-844000-retirees-now-accessing-benefits/feed/ 0 Kano Govt Pays ₦27bn Pension, Death Benefits; Launches Youth and Women Empowerment Schemes https://www.theinfostride.com/kano-govt-pays-%e2%82%a627bn-pension-death-benefits-launches-youth-and-women-empowerment-schemes/ https://www.theinfostride.com/kano-govt-pays-%e2%82%a627bn-pension-death-benefits-launches-youth-and-women-empowerment-schemes/#respond Wed, 24 Sep 2025 10:00:29 +0000 https://www.theinfostride.com/?p=467235 Governor Abba Kabir Yusuf of Kano State has disclosed that his administration has so far paid ₦27 billion out of the ₦47 billion in pension and death benefits inherited from previous administrations. Speaking on Tuesday during the launch of the fifth tranche of payments, Governor Yusuf assured that all outstanding gratuities and death benefits would [...]

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]]> https://www.theinfostride.com/kano-govt-pays-%e2%82%a627bn-pension-death-benefits-launches-youth-and-women-empowerment-schemes/feed/ 0 FG Plans ₦758 Billion Pension Bond to Settle Outstanding Liabilities — PenCom https://www.theinfostride.com/fg-plans-%e2%82%a6758-billion-pension-bond-to-settle-outstanding-liabilities-pencom/ https://www.theinfostride.com/fg-plans-%e2%82%a6758-billion-pension-bond-to-settle-outstanding-liabilities-pencom/#respond Fri, 19 Sep 2025 16:06:14 +0000 https://www.theinfostride.com/?p=466902 The Federal Government is preparing to issue a bond worth about ₦758 billion before the first week of October, aimed specifically at resolving long-standing pension liabilities, according to the National Pension Commission (PenCom). The move is intended to clear arrears owed to retirees and public sector pensioners, assuring them of relief after years of delay [...]

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]]> https://www.theinfostride.com/fg-plans-%e2%82%a6758-billion-pension-bond-to-settle-outstanding-liabilities-pencom/feed/ 0 FG Releases ₦5.12bn to Clear Pension Arrears for Over 90,000 Retirees https://www.theinfostride.com/fg-releases-%e2%82%a65-12bn-to-clear-pension-arrears-for-over-90000-retirees/ https://www.theinfostride.com/fg-releases-%e2%82%a65-12bn-to-clear-pension-arrears-for-over-90000-retirees/#respond Tue, 12 Aug 2025 13:39:14 +0000 https://www.theinfostride.com/?p=464773 The Federal Government has announced the disbursement of ₦5.12 billion to settle pension arrears owed to 90,689 retirees under the Defined Benefit Scheme (DBS), marking a significant step towards fulfilling long-standing obligations to senior citizens who served the nation before the introduction of the Contributory Pension Scheme in 2004. The payment, coordinated by the Pension [...]

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]]> https://www.theinfostride.com/fg-releases-%e2%82%a65-12bn-to-clear-pension-arrears-for-over-90000-retirees/feed/ 0 Tinubu Endorses Key Pension Overhaul for DBS Pensioners Under Renewed Hope Initiative https://www.theinfostride.com/tinubu-endorses-key-pension-overhaul-for-dbs-pensioners-under-renewed-hope-initiative/ https://www.theinfostride.com/tinubu-endorses-key-pension-overhaul-for-dbs-pensioners-under-renewed-hope-initiative/#respond Sat, 09 Aug 2025 18:28:14 +0000 https://www.theinfostride.com/?p=464525 President Bola Ahmed Tinubu has approved sweeping pension reforms aimed at improving the welfare of Defined Benefit Scheme (DBS) retirees, marking a significant milestone in the administration’s Renewed Hope Agenda. The reforms, which were announced on Friday, are designed to address longstanding complaints of delayed payments, inadequate benefits, and bureaucratic bottlenecks that have affected thousands [...]

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]]> https://www.theinfostride.com/tinubu-endorses-key-pension-overhaul-for-dbs-pensioners-under-renewed-hope-initiative/feed/ 0 Tinubu Orders PenCom to Implement Pension Increases https://www.theinfostride.com/tinubu-orders-pencom-to-implement-pension-increases/ https://www.theinfostride.com/tinubu-orders-pencom-to-implement-pension-increases/#respond Fri, 08 Aug 2025 16:25:41 +0000 https://www.theinfostride.com/?p=464345 President Bola Tinubu has directed the National Pension Commission (PenCom) to commence the implementation of increases in pensions for retirees under the Contributory Pension Scheme (CPS), marking a significant policy step aimed at improving the welfare of senior citizens. The directive, announced on Thursday, is in line with the provisions of the Pension Reform Act [...]

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]]> https://www.theinfostride.com/tinubu-orders-pencom-to-implement-pension-increases/feed/ 0 Pension Unions Push for Stronger and effective Collaboration on Retiree Welfare https://www.theinfostride.com/pension-unions-push-for-stronger-collaboration-on-retiree-welfare/ https://www.theinfostride.com/pension-unions-push-for-stronger-collaboration-on-retiree-welfare/#respond Wed, 23 Jul 2025 22:00:37 +0000 https://www.theinfostride.com/?p=403889 Pension unions across Nigeria are advocating for greater collaboration between stakeholders to improve the welfare of retirees. The unions emphasize the need for better policies, timely pension payments, and enhanced social support systems to ensure that retirees live comfortably after years of service. At a recent stakeholders’ meeting, representatives from various pension associations highlighted persistent [...]

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]]> https://www.theinfostride.com/pension-unions-push-for-stronger-collaboration-on-retiree-welfare/feed/ 0 Ogun State begins full roll‑out of contributory pension scheme https://www.theinfostride.com/ogun-state-begins-full-roll%e2%80%91out-of-contributory-pension-scheme/ https://www.theinfostride.com/ogun-state-begins-full-roll%e2%80%91out-of-contributory-pension-scheme/#respond Sat, 19 Jul 2025 14:59:03 +0000 https://www.theinfostride.com/?p=462391 Ogun State has officially commenced the full implementation of its contributory pension scheme, signaling a transformative step in social security reform and retirement preparedness for public sector workers. The initiative, spearheaded by the state government’s Pensions Commission, was launched at a well-attended event in Abeokuta, where officials affirmed that the comprehensive scheme will now cover [...]

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]]> https://www.theinfostride.com/ogun-state-begins-full-roll%e2%80%91out-of-contributory-pension-scheme/feed/ 0 APC Chieftain Oyintiloye Urges Tinubu to Address Pensioners’ Plight https://www.theinfostride.com/apc-chieftain-oyintiloye-urges-tinubu-to-address-pensioners-plight/ https://www.theinfostride.com/apc-chieftain-oyintiloye-urges-tinubu-to-address-pensioners-plight/#respond Tue, 01 Apr 2025 11:00:15 +0000 https://www.theinfostride.com/?p=407036 A chieftain of the All Progressives Congress (APC) in Osun State, Olatunbosun Oyintiloye, has called on President Bola Tinubu to address the challenges faced by contributory pensioners across the country. Speaking with journalists on Tuesday in Osogbo, Oyintiloye lamented the hardships endured by pensioners due to delayed or non-payment of pensions, inadequate funding, and corruption [...]

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]]> https://www.theinfostride.com/apc-chieftain-oyintiloye-urges-tinubu-to-address-pensioners-plight/feed/ 0 Rebased GDP Highlights Pension Fund Role, Prompts Calls for Greater Oversight https://www.theinfostride.com/rebased-gdp-highlights-pension-fund-role-prompts-calls-for-greater-oversight/ https://www.theinfostride.com/rebased-gdp-highlights-pension-fund-role-prompts-calls-for-greater-oversight/#respond Mon, 13 Jan 2025 10:16:53 +0000 https://www.theinfostride.com/?p=400419 The inclusion of pension fund contributions in Nigeria’s rebased Gross Domestic Product (GDP) has sparked discussions among experts, who believe the move could enhance scrutiny and accountability in the pension sector. With the rebasing exercise reflecting a more accurate picture of the economy, attention is now shifting to the regulatory and operational frameworks governing pension [...]

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]]> https://www.theinfostride.com/rebased-gdp-highlights-pension-fund-role-prompts-calls-for-greater-oversight/feed/ 0 PenOp to Introduce New Pension Service Providers https://www.theinfostride.com/penop-to-introduce-new-pension-service-providers/ https://www.theinfostride.com/penop-to-introduce-new-pension-service-providers/#respond Sat, 21 Dec 2024 09:08:34 +0000 https://www.theinfostride.com/?p=398398 The Pension Fund Operators Association of Nigeria (PenOp) has announced plans to onboard new pension service providers to enhance service delivery and expand the scope of pension management in the country. This move aims to foster competition, improve customer experience, and increase pension coverage among Nigeria’s working population. Expanding Pension Industry Access The introduction of [...]

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]]> https://www.theinfostride.com/penop-to-introduce-new-pension-service-providers/feed/ 0 Osun Govt Recovers ₦53m in Pension Overpayments https://www.theinfostride.com/osun-govt-recovers-%e2%82%a653m-in-pension-overpayments/ https://www.theinfostride.com/osun-govt-recovers-%e2%82%a653m-in-pension-overpayments/#respond Sun, 08 Dec 2024 19:00:49 +0000 https://www.theinfostride.com/?p=397180 The Osun State Government has announced the recovery of ₦53,089,683.52 in pension overpayments to retirees, following a comprehensive audit of the 2023 fiscal year. The discovery was made public on Monday during the annual Audit Forum held in Ede, where the Auditor-General of the state, Kolapo Idris, disclosed details of the findings. According to Idris, [...]

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]]> https://www.theinfostride.com/osun-govt-recovers-%e2%82%a653m-in-pension-overpayments/feed/ 0 Stanbic IBTC Pension Announces Digital Channel Downtime https://www.theinfostride.com/stanbic-ibtc-pension-announces-digital-channel-downtime/ https://www.theinfostride.com/stanbic-ibtc-pension-announces-digital-channel-downtime/#respond Sat, 07 Dec 2024 22:57:33 +0000 https://www.theinfostride.com/?p=396980 Stanbic IBTC Pension Managers has informed its clients of scheduled downtime for its digital channels as part of routine system maintenance. The firm stated that the maintenance is necessary to upgrade and enhance the security and performance of its online platforms, ensuring a more reliable user experience for customers. Details of the Downtime The scheduled [...]

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]]> https://www.theinfostride.com/stanbic-ibtc-pension-announces-digital-channel-downtime/feed/ 0 Lagos Government Disburses N740 Million in Pension Payments to 348 Retirees https://www.theinfostride.com/lagos-government-disburses-n740-million-in-pension-payments-to-348-retirees/ https://www.theinfostride.com/lagos-government-disburses-n740-million-in-pension-payments-to-348-retirees/#respond Sat, 26 Oct 2024 23:00:49 +0000 https://www.theinfostride.com/?p=392105 The Lagos State Government has recently disbursed N740 million in pensions to 348 retirees, reaffirming its commitment to ensuring the welfare of public servants after their years of service. The beneficiaries, who are retired employees from various state agencies, received the funds as part of the government’s ongoing efforts to support retired workers and ease [...]

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]]> https://www.theinfostride.com/lagos-government-disburses-n740-million-in-pension-payments-to-348-retirees/feed/ 0 US Police Have Gone Soft Because They Fear They’ll Lose Their Pension – Trump https://www.theinfostride.com/us-police-have-gone-soft-because-they-fear-theyll-lose-their-pension-trump/ https://www.theinfostride.com/us-police-have-gone-soft-because-they-fear-theyll-lose-their-pension-trump/#respond Sun, 06 Oct 2024 14:00:51 +0000 https://www.theinfostride.com/?p=390360 US Presidential candidate, Donald Trump has come out to suggest that allowing the police to be extraordinarily rough for an hour would end crime in the country. He recently had his say during a rally in Erie, Pennsylvania, and the world has been reacting. According to him, one real and nasty day by the cops [...]

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]]> https://www.theinfostride.com/us-police-have-gone-soft-because-they-fear-theyll-lose-their-pension-trump/feed/ 0 Lagos State Disburses Over N63 Billion in Pension Benefits to Retirees https://www.theinfostride.com/lagos-state-disburses-over-n63-billion-in-pension-benefits-to-retirees/ https://www.theinfostride.com/lagos-state-disburses-over-n63-billion-in-pension-benefits-to-retirees/#respond Sun, 26 May 2024 00:08:12 +0000 https://www.theinfostride.com/?p=378941 The Lagos State Government has announced the disbursement of over N63 billion in pension benefits to 19,814 retirees over the past five years. This was revealed by the Lagos State Commissioner for Establishments and Training, Mr. Afolabi Ayantayo, during the Y2024 Press Briefing at the Bagauda Kaltho Press Centre, Alausa, commemorating the first year of [...]

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]]> https://www.theinfostride.com/lagos-state-disburses-over-n63-billion-in-pension-benefits-to-retirees/feed/ 0 Atiku Denounces Government’s Proposal to Utilize N20 Trillion Pension Funds for Infrastructure Projects as Illegal https://www.theinfostride.com/atiku-denounces-governments-proposal-to-utilize-n20-trillion-pension-funds-for-infrastructure-projects-as-illegal/ https://www.theinfostride.com/atiku-denounces-governments-proposal-to-utilize-n20-trillion-pension-funds-for-infrastructure-projects-as-illegal/#respond Wed, 15 May 2024 23:06:20 +0000 https://www.theinfostride.com/?p=378070 Former Vice President of Nigeria, Atiku Abubakar, has voiced strong opposition to the federal government’s proposed utilization of N20 trillion from pension funds for infrastructure projects, denouncing it as unlawful. In a statement shared on his official X account, Abubakar highlighted that the law stipulates only 5% of the fund’s allocation for infrastructural ventures. Expressing [...]

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]]> https://www.theinfostride.com/atiku-denounces-governments-proposal-to-utilize-n20-trillion-pension-funds-for-infrastructure-projects-as-illegal/feed/ 0 Pension Funds Surge by 22% to N18 Trillion, Reports NAICOM https://www.theinfostride.com/pension-funds-surge-by-22-to-n18-trillion-reports-naicom/ https://www.theinfostride.com/pension-funds-surge-by-22-to-n18-trillion-reports-naicom/#respond Tue, 30 Jan 2024 11:48:22 +0000 https://www.theinfostride.com/?p=369231 The National Insurance Commission (NAICOM) has reported a remarkable 22% increase in pension funds, reaching a total of N18 trillion. This surge reflects the continued growth and resilience of the pension sector, contributing to the financial stability and future security of retirees. As Infostride News closely monitors these developments, comprehensive coverage will be provided, including [...]

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]]> https://www.theinfostride.com/pension-funds-surge-by-22-to-n18-trillion-reports-naicom/feed/ 0 Pension Fund Administrators Rake in N8 Trillion Profits from Investment Surge, Reveals Report https://www.theinfostride.com/pension-fund-administrators-rake-in-n8-trillion-profits-from-investment-surge-reveals-report/ https://www.theinfostride.com/pension-fund-administrators-rake-in-n8-trillion-profits-from-investment-surge-reveals-report/#respond Mon, 11 Dec 2023 10:13:14 +0000 https://www.theinfostride.com/?p=363942 In a recent report obtained exclusively by Infostride News from the Pension Fund Operators Association of Nigeria, Pension Fund Administrators (PFAs) have showcased a remarkable N7.98 trillion in profits generated from strategically investing workers’ contributions in their Retirement Savings Accounts (RSAs) under the Contributory Pension Scheme (CPS). As of the end of the second quarter [...]

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]]> https://www.theinfostride.com/pension-fund-administrators-rake-in-n8-trillion-profits-from-investment-surge-reveals-report/feed/ 0 Pensioners Anticipate Possible Raise as National Salaries Commission Explores Options https://www.theinfostride.com/pensioners-anticipate-possible-raise-as-national-salaries-commission-explores-options/ https://www.theinfostride.com/pensioners-anticipate-possible-raise-as-national-salaries-commission-explores-options/#respond Fri, 01 Dec 2023 17:00:05 +0000 https://www.theinfostride.com/?p=363014 Pensioners across the nation may see an increase in their pensions next year, as disclosed by the National Salaries, Incomes, and Wages Commission (NSIWC). The commission shared this information during a meeting with the executive committee of the Nigeria Union of Pensioners Nationwide. The NSIWC conveyed its commitment to pursuing the report it submitted to [...]

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]]> https://www.theinfostride.com/pensioners-anticipate-possible-raise-as-national-salaries-commission-explores-options/feed/ 0 PenOp pledges support for pension firms, workers https://www.theinfostride.com/penop-pledges-support-for-pension-firms-workers/ https://www.theinfostride.com/penop-pledges-support-for-pension-firms-workers/#respond Mon, 16 Aug 2021 15:19:13 +0000 https://www.theinfostride.com/?p=303998 Pension Operators Association of Nigeria has said it will help companies and personnel in the pension industry to navigate the new and changing nature of work. The association said this was at its knowledge sharing session held recently, according to a statement. According to the statement, PenOp’s knowledge sharing session is a curated monthly session [...]

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]]> https://www.theinfostride.com/penop-pledges-support-for-pension-firms-workers/feed/ 0 Lagos Assembly Slashes Ex-Governors’, Deputies’ Pensions By 50% https://www.theinfostride.com/lagos-assembly-slashes-ex-governors-deputies-pensions-by-50/ https://www.theinfostride.com/lagos-assembly-slashes-ex-governors-deputies-pensions-by-50/#respond Sat, 07 Aug 2021 17:23:28 +0000 https://www.theinfostride.com/?p=303197 The Lagos House of Assembly, has amended the state Pension Law for former governors and other political office holders, reducing their benefits and emoluments by 50 per cent. The House approved the recommendations sequel to the presentation of the report by the Chairman, House Committee on Establishment, Training and Pension, Mr Yinka Ogundimu, during plenary. [...]

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]]> https://www.theinfostride.com/lagos-assembly-slashes-ex-governors-deputies-pensions-by-50/feed/ 0 PenCom commences retirees’ online verification today https://www.theinfostride.com/pencom-commences-retirees-online-verification-today/ https://www.theinfostride.com/pencom-commences-retirees-online-verification-today/#respond Mon, 02 Aug 2021 21:25:01 +0000 https://www.theinfostride.com/?p=302750 The National Pension Commission (PenCom) has revealed plans to commence a pilot scheme of its online pre-retirement verification and enrolment exercise for retirees in government ministries, departments and agencies (MDAs) in the country. The commission, at a workshop titled ‘Positioning the Pension Industry in a Post-COVID Era’ held in Lagos, said the enrolment will take [...]

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]]> https://www.theinfostride.com/pencom-commences-retirees-online-verification-today/feed/ 0 FG to pay outstanding 2.5% pension contribution to retirees this week https://www.theinfostride.com/fg-to-pay-outstanding-2-5-pension-contribution-to-retirees-this-week/ https://www.theinfostride.com/fg-to-pay-outstanding-2-5-pension-contribution-to-retirees-this-week/#respond Wed, 28 Jul 2021 20:01:37 +0000 https://www.theinfostride.com/?p=302283 The Federal Government through National Pension Commission (PenCom) has revealed plans to begin the payment of outstanding 2.5 per cent pension contributions to retirees between 2019 to 2020 and also 2014 to 2018. Speaking at a workshop organised by the PenCom in Lagos, the Director-General, PenCom, Mrs. Aisha Dahir-Umar, said, the growth in the pension [...]

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]]> https://www.theinfostride.com/fg-to-pay-outstanding-2-5-pension-contribution-to-retirees-this-week/feed/ 0 LASG remit N1 billion pension funds to 287 retirees https://www.theinfostride.com/lasg-remit-n1-billion-pension-funds-to-287-retirees/ https://www.theinfostride.com/lasg-remit-n1-billion-pension-funds-to-287-retirees/#respond Mon, 19 Jul 2021 21:00:56 +0000 https://www.theinfostride.com/?p=301335 The Lagos State Government has said that 287 of its retirees have received the sum of N1 billion in their retirement savings accounts (RSA). This was disclosed at the 86th bond presentation ceremony in Lagos by the Director-General, Lagos State Pension Commission, Babalola Obilana. He said the gesture was in fulfillment of the government’s agenda [...]

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]]> https://www.theinfostride.com/lasg-remit-n1-billion-pension-funds-to-287-retirees/feed/ 0 Leadway Assurance partners parents on education cover https://www.theinfostride.com/leadway-assurance-partners-parents-on-education-cover/ https://www.theinfostride.com/leadway-assurance-partners-parents-on-education-cover/#respond Mon, 07 Jun 2021 21:33:17 +0000 https://www.theinfostride.com/?p=296383 Leadway Assurance Company Limited says it has partnered with the Association of Parents of Private School Students to launch an education insurance policy plan, tagged ‘Group Education Protection Plan’. In said this in a statement on Sunday titled ‘Leadway Assurance partners parents association for bespoke education plan’. The statement said the education plan was launched [...]

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]]> https://www.theinfostride.com/leadway-assurance-partners-parents-on-education-cover/feed/ 0 No Move To Halt Ex Governors Pension In Delta — Governor Okowa https://www.theinfostride.com/no-move-to-halt-ex-governors-pension-in-delta-governor-okowa/ https://www.theinfostride.com/no-move-to-halt-ex-governors-pension-in-delta-governor-okowa/#respond Thu, 12 Nov 2020 08:52:55 +0000 https://www.theinfostride.com/?p=274264 The Governor of Delta State, H.E Ifeanyi Okowa has announced that there are no moves by his administration to halt pensions of former governors and their deputies. Governor Okowa stated this while addressing newsmen on Wednesday in Asaba. On Tuesday, TheInfosStride reported that Sanwo-Olu announced that a bill on the abrogation of pension for ex-governors [...]

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]]> https://www.theinfostride.com/no-move-to-halt-ex-governors-pension-in-delta-governor-okowa/feed/ 0 The Senate Aided Pension Thieves Across The Country – Abdulrasheed Maina https://www.theinfostride.com/the-senate-aided-pension-thieves-across-the-country-abdulrasheed-maina/ Sun, 05 Nov 2017 18:52:37 +0000 http://www.theinfostride.com/?p=187721 Abdulrasheed Maina has written Senate President Bukola Saraki as well as a Senate committee to seek a a review of his case and a probe of the various actions taken against him. Apparently he has asked for a review of his case and a probe of the various actions taken against him by some people [...]

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]]> Pension Payments In Edo State Will Be Amicably Resolved – Osagiator Ojo https://www.theinfostride.com/pension-payments-in-edo-state-will-be-amicably-resolved-osagiator-ojo/ Wed, 01 Nov 2017 14:45:55 +0000 http://www.theinfostride.com/?p=187280 Godwin Obaseki of Edo will meet members of the Nigerian Union of Pensioners, Edo Chapter, with a view to amicably settling all pension payments-related issues, an official has said. Mr Osagiator Ojo, the Head of Administration, Oredo Local Government Council, made the disclosure reently. He said “Government has observed with dismay the gross misinformation that [...]

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]]> Bukola Saraki Should Refund The Pension He Received – Femi Falana https://www.theinfostride.com/bukola-saraki-should-refund-the-pension-he-received-femi-falana/ Tue, 08 Aug 2017 14:33:24 +0000 http://www.theinfostride.com/?p=177354 Femi Falana, a Senior Advocate of Nigeria (SAN), has reached out to the Senate President to return the pension he received from the Kwara state government. This is the latest development after the Socio-Economic and Accountability Project (SERAP) commended the Senate President’s decision to stop receiving pensions. He said “The Senate president, Dr Bukola Saraki, [...]

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]]> Bukola Saraki Should Refund All Pension Money – KMM https://www.theinfostride.com/bukola-saraki-should-refund-all-pension-money-kmm/ Sat, 05 Aug 2017 06:53:14 +0000 http://www.theinfostride.com/?p=176699 A socio-political group, Kwara Mass Movement (KMM), has urged President of the Senate, Dr Bukola Saraki, to return all monies he had collected as pension from the state government. National Coordinator of the group, Mr Salmon Jawondo, made the call in Ilorin on Thursday while briefing the media on “the state of the State’’. “We [...]

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]]> I Did Not Receive Any Pension – Babatunde Fashola https://www.theinfostride.com/i-did-not-receive-any-pension-babatunde-fashola/ Fri, 04 Aug 2017 04:24:43 +0000 http://www.theinfostride.com/?p=176504 The Minister of Power, Works and Housing, Babatunde Fashola has denied receiving pensions from the Lagos state government. This is coming after the Socio-Economic Rights and Accountability Project (SERAP) accused some former Governors in the Senate and Buhari’s cabinet of getting double payments. According to reports, Fashola’s Special Adviser on Communications, Mr. Hakeem Bello said [...]

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]]> Godwin Obaseki Sends Bill To Amend Pension Scheme https://www.theinfostride.com/godwin-obaseki-sends-bill-to-amend-pension-scheme/ Mon, 06 Feb 2017 15:59:57 +0000 http://www.theinfostride.com/?p=155875 Gov. Godwin Obaseki of Edo has sent a bill to the State House of Assembly to amend the state’s Pension Scheme of 2010. A letter on the bill amendment, signed by the governor, was sent to the Assembly on Monday. The letter read in part: “Mr Speaker, find attached 30 copies of the bill for [...]

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]]> I Did Not Get Pension As Abia’s Ex Governor – Theodore Orji https://www.theinfostride.com/i-did-not-get-pension-as-abias-ex-governor-theodore-orji/ Thu, 26 Jan 2017 00:15:36 +0000 http://www.theinfostride.com/?p=154954 Sen. Theodore Orji (PDP-Abia) on Wednesday, denied media reports that he was drawing pension from Abia government as former governor of the state. Orji was listed among 21 former governors and other officers, who are currently holding public office, including ministers, and earning salaries but still receiving pension for previous political positions. In a statement [...]

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]]> Rochas Okorocha Owes Us 77 Months Pension – Pensioners https://www.theinfostride.com/rochas-okorocha-owes-us-77-months-pension-pensioners/ Fri, 06 Jan 2017 12:19:06 +0000 http://www.theinfostride.com/?p=153315 Some pensioners in Imo State have alleged that Governor Rochas Okorocha has not paid them for 77 months. The pensioners made the allegation during a protest at the Government House in Owerri on Thursday, January 5. “Okorocha derives joy in seeing elders in this state coming out from time to time to the streets to [...]

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]]> I Promise To Pay Ex-civilian Governors Their Pension – Ugwuanyi https://www.theinfostride.com/i-promise-to-pay-ex-civilian-governors-their-pension-ugwuanyi/ Sat, 27 Aug 2016 22:43:33 +0000 http://www.theinfostride.com/?p=141679 Speaking on Saturday during the celebration of the 25th anniversary of the creation the state in Enugu, Ugwuanyi said that the gesture was in appreciation of their services to their people. He disclosed that efforts were on to amend the pension laws of the state to give the move the desired legality. He said that [...]

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]]> Lawmakers Demanding Life Pension Are Greedy – NLC https://www.theinfostride.com/lawmakers-demanding-life-pension-are-greedy-nlc/ Wed, 22 Jun 2016 19:10:07 +0000 http://www.theinfostride.com/?p=133230 The Nigeria Labour Congress (NLC) has criticized the National Assembly over plans to grant life pension and immunity to the principal officers of the assembly. The comments were made by NLC President, Ayuba Wabba via a statement released on Tuesday, June 22, 2016. It reads in part: We are convinced, nothing but ego and greed [...]

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]]> Rauf Aregbesola Denies Asking For More Bailout Funds https://www.theinfostride.com/rauf-aregbesola-denies-asking-for-more-bailout-funds/ Tue, 16 Feb 2016 12:55:15 +0000 http://www.theinfostride.com/?p=120705 The Osun state Governor, Rauf Aregbesola has denied asking the Federal Government for more bailout funds. This is coming on the heels of accusations and criticisms from the Peoples Democratic Party (PDP) in the state. The Osun PDP Director of Publicity, Mr. Diran Odeyemi said “It is embarrassing and fraudulent for Governor Aregbesola to be [...]

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]]> Governor Ambode Pays N4.5 billion To 1,200 Retirees https://www.theinfostride.com/governor-ambode-pays-n4-5-billion-to-1200-retirees/ Sun, 10 Jan 2016 01:07:38 +0000 http://www.theinfostride.com/?p=117763 The Lagos State Government has paid over N4.5 billion to 1,200 retired public servants as Governor Akinwunmi Ambode’s administration promises better times for pensioners. While announcing the development at the 19th batch retirement benefit bond certificate presentation at the Nigeria Employers’ Consultative Association (NECA) House, Alausa, the Director-General of Lagos State Pension Commission (LASPEC), Mrs. [...]

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]]> Pension Fund: FG Discovers 20m Naira Excess In Police Pension Account https://www.theinfostride.com/pension-fund-fg-discovers-20m-naira-excess-in-police-pension-account/ Sat, 26 Sep 2015 08:36:23 +0000 http://www.theinfostride.com/?p=100991 The federal government, through the Pension Transitional Arrangement Directorate (PTAD) said it discovered about N20 million excess payment in the police pension account. It has, therefore set out to clean up the civil service starting with the verification of over 100,000 civil service pensioners to identify ghost beneficiaries. Director ‎General of PTAD, Mrs. Nellie Mayshak [...]

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]]> Pension Scam: Re-arraignment Stalled As Accused Collapses In Court https://www.theinfostride.com/pension-scam-re-arraignment-stalled-as-accused-collapses-in-court/ Tue, 29 Apr 2014 23:15:49 +0000 http://www.theinfostride.com/2014/04/pension-scam-re-arraignment-stalled-as-accused-collapses-in-court/ A Federal High court sitting in Ibadan, capital of Oyo state today postponed the re-arraignment of a former Oyo State Head of Service, Mrs Kudirat Iyabo Adeleke and 11 others implicated in a N5.6 billion pension scam, after one of the defendants collapsed when the court was taking their pleas. Oguntayo Banjo, who had an [...]

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]]> Oyo State N5.6bn Pension Scam Case Stopped https://www.theinfostride.com/oyo-state-n5-6bn-pension-scam-case-stopped/ Fri, 14 Feb 2014 19:35:33 +0000 http://www.theinfostride.com/?p=21089 The case involving an ex-Oyo State Head of Service, Alhaja Kudirat Adeleke, and 11 others, over alleged N5.6 billion fraud was stalled on Friday at the Oyo State High Court. . The case was stalled following the claim by counsel to the EFCC, Mr Gbolahan Latona, that he had not been served with the motion [...]

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]]> EFCC Arraigns Ascot’s Chief Executive for Tax and Pension Fraud https://www.theinfostride.com/efcc-arraigns-ascots-chief-executive-for-tax-and-pension-fraud/ Thu, 21 Nov 2013 20:48:00 +0000 http://www.theinfostride.com/efcc-arraigns-ascots-chief-executive-for-tax-and-pension-fraud/ Steve Judd, a Briton and his company, Ascot Flowlines Limited, (formerly Willbros Nigeria Limited) were today arraigned before Justice H.A Nganjiwa of the Federal High Court, Port Harcourt on a 41-count charge bordering on stealing, diversion and obtaining money under false pretence by the Economic and Financial Crimes Commission, EFCC. Judd, Managing Director, Ascot Flowlines [...]

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