Contrary to claims in some quarters that the N18 trillion pension assets might have been squandered by the Pension Fund Managers, the National Pension Commission (PenCom) has clarified that the assets are safe, well-invested, and growing in leaps and bounds.
The Director-General of PenCom, Aisha Dahir-Umar made the clarification while...
The Pension Transitional Arrangement Directorate (PTAD) said, as a wholly treasury-funded agency, it pays over Nine Billion Naira(N9bn) monthly into the individual pension accounts of about two hundred and twenty thousand (220,000)pensioners of the Federal Civil Service, Police, Customs, Immigration and Correctional Services, and Treasury-Funded Parastatals as pension.
PTAD added...
The Pension Transitional Arrangement Directorate (PTAD) has announced the extension of "I Am Alive" confirmation for Pensioners under the Defined Benefit Scheme (DBS) to February 29th, 2024.
This was contained in the extension notice to the Civil Service Pension Department (CSPD), Pensioners under DBS signed by the Head, Corporate Communications...
The National Pension Commission (PenCom) has been rated high in the 2023 Ethics and Integrity Compliance Scorecard (EICS) for Ministries, Departments, and Agencies (MDAs) of government.
PenCom was rated high among the 50 regulatory agencies in Nigeria, assessed by the Independent Corrupt Practices and Other Related Offences Commission (ICPC).
The Commission...
The Chief Executive Officer (CEO) of the Pension Fund Operators Association of Nigeria (PenOp), Mr. Oguche Agudah has disclosed that a total of N7,887,611,972, 93 equity contributions for a residential mortgage were approved between March -September 2023.
Mr. Agudah who disclosed this in his presentation at a virtual Media Parley...
In a move to resolve complaints of non-payment of gratuity and death benefits, the Pension Transitional Arrangement Directorate (PTAD) has commenced an expanded computation project for verified Pensioners and Next-of-Kin of deceased pensioners.
This was disclosed in a statement by the Head of Corporate Communications Unit, PTAD, Mr. Olugbenga Ajayi...
Following the devaluation of the naira and rising inflation in the country, the former Minister of Finance and Minister for industry, trade, and investment, Mr. Olusegun Aganga, has advised Nigerian pension fund Managers to invest a portion of their assets offshore and in index/inflation-linked instruments.
Mr. Aganga who spoke at...
The Chief Executive Officer of the Pension Fund Operators Association of Nigeria (PenOp), Oguche Agudah has disclosed that as part of efforts to shore up investments in the industry, the country is considering offshore pension funds investments.
Agudah disclosed this on Tuesday at a Virtual Session tagged "Ask Me Anything"...
The Pension Transitional Arrangement Directorate (PTAD) has announced the payment of the sum of ₦1,023,756,227.45 (One Billion, Twenty –Three Million, Seven Hundred and Fifty-Six Thousand, Two Hundred and Twenty-Seven Naira Forty-Five Kobo) to 7, 091 (Seven Thousand and Ninety-One) pensioners of the Power and Transport Sectors of the Parastatals...
Pensioners under the umbrella of the Federal Civil Service Pensioners (FCSP) have disassociated themselves from the ongoing protest against the reappointment of Dr. Chioma Ejikeme, as the Executive Secretary of the Pension Transitional Arrangement Directorate (PTAD).
FCSP's Chairman, Comrade Sunday Omezi disclosed this while briefing the Press on Friday in...
