Category Archives: Pension

Breaking: Buhari approves payment of pension to pardoned retired Biafra police personnel  

By Anthony Ogbonna President Muhammadu Buhari, Wednesday, approved the payment of pension for police officers who were granted presidential pardon in 2000 after serving in the defunct Biafran Police during the 30 months Nigeria Civil war. President Muhammadu Buhari signing a document The personnel who were granted presidential pardoned by the then President Olusegun Obasanjo […]

10m Nigerians now on pension scheme

By Prince Okafor WORKERS that have enlisted   into the Contributory Pension Scheme, CPS, are now about 10 million, just as pension cash inflow is now at N7 trillion. Speaking during the launch of Radix Pension Managers in Lagos, the Group Chairman, Radix, Mr. Vincent Maduka, said: “The entire list of people on the pension […]

Ebonyi releases N1.5b for pension, gratuity arrears

The Ebonyi Government on Thursday released N1.5 billion to settle arrears of workers’ pension and gratuities accruing from Oct.2, 2016 to June 6, 2017. Gov. Dave Umahi Sen. Emmanuel Onwe, the state Commissioner for Information and Orientation, disclosed this in a statement in Abakaliki. According to him, the decision was sequel to a report submitted […]

OAK Pensions records 77% growth in profitability

By Rosemary Onuoha OAK Pensions Limited, one of the licensed Pension Fund Administrators in the country, said its profitability rose by 77 per cent to N230.88 million in the operating year ended December 2016 from N130.57 million. Chairman, OAK Pensions, Dr Awa Ibraheem, disclosed this in the    annual report of the company presented    […]

PenCom criticises bill seeking exclusion of paramilitary agencies from contributory pension scheme

The National Pension Commission (PenCom) on Friday kicked against the bill seeking to exclude paramilitary organisations including the police from the Contributory Pension Scheme(CPS). The Acting Director-General of PenCom, Mrs Aisha Dahir-Umar, said in Abeokuta that the exclusion of the paramilitary organisations from the national pension scheme would not augur well for the officers and […]