House Moves Against Non-payment Of Salaries, Pensions   The House of Representatives, on Tuesday, passed for second reading, a bill seeking to prohibit late and non-payment of workers and pensioners by employers. When it becomes law, employees will be entitled to interests on unpaid wages. Underpayment of...

Federal Workers’ Pensions, Gratuities Gulp N208bn   The Federal Government has spent N208.21bn on payment of pension and gratuity arrears in seven months, a new Central Bank of Nigeria report has revealed. The CBN’s statistical record on the Federal Government’s monthly finances showed that the amount was...

How Jonathan Saved $3.5bn From Pensions, Oil Subsidy Fraud - Okonjo-Iweala     Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, yesterday gave an account of how she superintended over saving Nigeria a cumulative of $3.5 billion by cleaning up the country’s pension and subsidy...

States Refuse To Remit Pensions For Workers – PenCom         Most states governments are not remitting pension contributions into their workers’ Retirement Savings Accounts with their respective Pension Fund Administrators. The National Pension Commission disclosed this in its 2019 third-quarter report, which was recently released. It also observed...

Retirees Condemn FG’s Refusal To Review Pensions   The Federal Government’s retirees under the Defined Benefits Scheme have decried the non-review of their pensions as stipulated by the law. They said this in a protest letter titled ‘Apathy and delay in review of pension,’ which was addressed...