The Socio-Economic Rights and Accountability Project (SERAP) has dragged President Bola Tinubu before the Federal High Court in Lagos over “the failure to stop the former...
The National Industrial Court has fined the Central Bank of Nigeria (CBN) N100,000 after seeking to introduce new stay of execution application in the case against...
The House of Representatives said the Federal Government owes retired civil servants nine months unpaid pension and gratuities due to technical glitches experienced by Pension Transitional...
Major roads in Benin-City, the capital of Edo State, were experienced gridlocks on Wednesday as a crowd of pensioners, in their hundreds, comprising retirees from the...
Justice Caroline Olufawo, has accused the Oyo state government of refusing to pay her pension since she retired as a judge in 2001. Olufawo, on Wednesday,...
The former chairman of the now-defunct Pension Reformed Task Team, Abdulrasheed Maina, has been found guilty of money laundering. This sentence was read on Monday by...
More Nigerians who have lost their jobs are turning to their pension funds to help them weather the current economic downturn. Data obtained from the National...
Civil servants in Nigerian states face a tough future ahead as only 24 states out of 36 and the FCT have enacted the contributory pension schemes,...
After two consecutive months of losses, Nigeria’s total pension assets has increased by N92 billion to stand at N12.34 trillion in the month of March 2021....
The Federal government has promised to clear arrears of all pension payments to retired civil servants in the next two months. Chioma Ejikeme, Executive Secretary the...
A large majority of employed Nigerians may retire without anything to fall back on after retirement, Ripples Nigeria reports. Analysis of data from the National Pension...
Eighty-three employers whose pension liabilities to their employees have been established have been made to pay N559.72 million penalties by the National Pension Commission (PenCom) in...
Abdulrasheed Maina, former chairman of the defunct Pension Reform Taskforce Team (PRTT), on Friday, February 19, told the Federal High Court, Abuja, that his leg might...
The Kwara State government led by Governor AbdulRahman AbdulRazak has disclosed that plans are underway to scrap payment of pension to former governors and their deputies...
The Pension Transitional Arrangement Directorate (PTAD) said it would expunge 21,227 unverified parastatal pensioners currently on the directorate’s payroll and who had not shown up for...
331,003 workers who lost their jobs withdrew N116.88 billion from their Retirement Savings Accounts (RSAs) under the Contributory Pension Scheme (CPS), the National Pension Commission (PenCom)...
Nigeria’s total pension assets climbed to N11.08 trillion in June, 2.6% higher than the N10.8 trillion recorded the month before despite the impact of the coronavirus...
Nigeria’s pension assets under the contributory pension scheme are projected to expand by 8.5 per cent this year regardless of the economic impact of the coronavirus...
Government’s expenditure on pension and gratuity settlement came to N292.38 billion last year, the Central Bank of Nigeria (CBN) has said. According to a report by...
The National Industrial Court has declared as null and void, payment of pension and gratuity to former governors and deputy governors. The court gave the judgment...
The National Industrial Court, Abuja on Wednesday dismissed the suit filed by ex-governor of Borno State, Mohammed Goni, for payment of his pension and other benefits,...
Zamfara State Governor, Bello Mohammed Matawalle on Wednesday assented to the law barring ex-governors, deputy governors, speakers and their deputies in the state from taking mega...
Imo State Governor, Emeka Ihedioha, has assured pensioners in the state of his administration’s preparedness to commence payment of their pension areas. He stated this on...
Data from the National Pension Commission (PenCom) has revealed that pension operators in the country have invested the total sum of N250.02 billion pension assets in...
Governor Kayode Fayemi of Ekiti State has said that his government is willing to secure bond offerings to offset the outstanding gratuities of state pensioners. According...
The organised labour in Abia State has announced that it has shelved its planned industrial action in the state over the failure of the state government...
Socio-Economic Rights and Accountability Project (SERAP) has called on all former governors now in the ninth Senate to publicly commit to stop collecting pensions from their...
The National Pension Commission, PenCom, has revealed that about 16,536 private organisations were issued the commission’s certificate of compliance for the 2018 financial year. PenCom revealed...
The Socio-Economic Rights and Accountability Project, SERAP, has called on Governor Seriake Dickson of Bayelsa State to reject the life pension bill passed by the state...
The Nigeria Union if Contributory Pensioners, NUCP, has called for the scrapping of the current pension scheme and a reversal to the old system. The NUCP...
Since the inception of the Contributory Pension Scheme, relatives of 50,811 dead workers have been paid claims totalling N156.12bn as of the end of June 2018,...
Governor Kayode Fayemi of Ekiti State Tuesday denied receiving N30bn from the Federal Government after his inauguration. A statement by the Chief Press Secretary to the...
Pension Fund Administrators (PFAs) have invested a total sum of about N4.22 trillion in Federal Government’s Bonds in August. Data obtained from the National Pension Commission...
Retirees across the country have confirmed that they are yet to receive complete payment of the 33.3 per cent pension arrears, meant for Federal Government pensioners...
As part of efforts to sanitise the pension system under the old Defined Benefits Scheme, the Pension Transitional Arrangement Directorate has said that it will soon...
ONE of the major challenges threatening the Contributory Pension Scheme, CPS, introduced in 2005 following the Pension Reforms, PRA, 2004, is non-remittance of deducted contributions by...
The National Pension Commission has set out modalities for the administration of retirement benefits of professors and public office holders to earn their last salaries as...
One hundred and eight former state governors are currently living off their states through pensions and other entitlements they provided for themselves while in office. The...
The National Pension Commission has said its management would not risk investing pension funds in any sector due to insincerity plaguing the system. This is in...
The President of the Nigeria Labour Congress, Ayuba Wabba, has said that the Pension Fund is under threat from the government and employers of labour in...
The difficulty accessing funds has pushed government to explore all avenues of borrowing money to fund its budget, including the contributory pension scheme (CPS), now put...
The Federal Government has not remitted pension of federal workers since September 2015, Pension Fund Operators Association of Nigeria, PenOp, has revealed. This was disclosed by...
The National Insurance Commission (Naicom) has blocked the proposed divestment of the major equity stake of the embattled International Energy Insurance (IEI) in IEI Anchor Pensions...
Hundreds of pensioners in Benin, Edo state, on Monday defied the rain to protest non-payment of their pension arrears from 10 to 42 months. According to...
The Federal Government is set to review the existing pension scheme in line with the provisions of the enabling law, the Minister of Labour and Employment,...
A Pensions Funds Administrator (PFA) First Guarantee Pension Limited (FGPL) is crossed with the National Pension Commission (PENCOM) over fear that its N115billion assets in the...
Pensioners, who retired from the Edo State public service, Monday, took to the streets, protesting the non-payment of 42 month pension arrears by the state government....
The proposal by the Federal Government to invest the N5.4t pension funds in infrastructure development has attracted a lot of criticisms. The fear being expressed by...
The Economic and Financial Crimes Commission, EFCC, has arrested the suspended Director General of the Pension Transitional Arrangement Directorate (PTAD), Mrs Nelly Mayshak over an alleged...
