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Pension Fund as Tool for Infrastructural Development

If the recent news about the collaboration of National Pension Commission, with Economic and Financial Crimes Commission, EFCC, in a bid to compile and prosecute list of employers who have not been remitting deducted pension contributions, then there is no doubt the pension commission...

Pension Funds Hit N5.8trn

The nation’s pension fund has hit N5.8 trillion, the National Pension Commission, PenCom, disclosed. Presenting a paper at the forum of Finance Correspondents’ Association of Nigeria, FICAN, in Abuja, Head of Investment Supervision Department, Mr. Ehimeme Ohioma, who represented the Director-General, Mrs. Chinelo Anohu-Amazu,...

EFCC to Prosecute Firms Not Remitting Pensions

The National Pension Commission said it was engaging the Economic and Financial Crimes Commission to prosecute individuals and companies that had yet to remit the pensions of their employees that were deducted at source. It said the leaderships of both agencies had met to discuss...

SEC Clears NAHCO, Director of Alleged Governance Breach

The Securities & Exchange Commission (SEC) has cleared the Nigerian Aviation Handling Company (NAHCO) Plc and a director, Suleiman Yahyah, of allegations of corporate governance breaches. Documents received from a source in the Presidency indicated that SEC in response to a petition sent to the...

Corruption: FG Launches Major War Against Senators, Reps

The Federal Government has started compiling the list of legislators in both chambers of the National Assembly over constituency projects earmarked for them in the 2014 and 2015 budgets, which were not executed. The sum of N100bn was earmarked for constituency projects in each of...

EFCC Raid: NAHCO Awaits Investigation Details

The Nigerian Aviation Handling Company has said it is still awaiting details of the investigation being carried out by Economic and Financial Crimes Commission, following a raid on its office in Lagos last Monday. Operatives of the EFCC had last week stormed NAHCO’s office at...