FG has released N13.89 billion for the payment of accrued pension rights for employees of Ministries, Departments, and Agencies (MDAs) who retired in 2022
The regulatory body of the Nigerian Pension Industry, the National Pension Commission (PenCom) said it has deliberated on...
PenCom is taking steps to raise pension bonds through the Debt Management Office (DMO) to offset the pension arrears of the federal retirees.
The Acting DG of PenCom, Aisha Dahir-Umar has been queried by the House of Representatives for the handling of the finances of the commission.
Not less than 109,284 workers within the Nigerian labour force have quit the Contributory Pension Scheme (CPS) as of the end of June 2019.
PenCom has disclosed that the worth of pension assets has increased from N7.44 trillion in January 2019 to N9.33 trillion as at the end of June 2019.
After states' failure to remit N3.4bn pension contributions, not less than 266 Lagos State retirees have gotten N784.69m accrued pension rights.
Lawmakers have accused PenCom of refusing to provide its statement of account to aid the investigation into the alleged withdrawal of N33 billion from PenCom's account.
