MDAs’ Retirees Get Paid N980bn Arrears   The Federal Government has paid a total of N980.18bn to retirees of treasury funded Ministries, Departments and Agencies (MDAs) from the inception of the Contributory Pension Scheme in 2004 to December 2021. The Director-General, National Pension Commission (PenCom) Aisha Dahir-Umar,...

Lagos Govt Pays N42bn Pension Entitlements To 11,349 Retirees   Lagos State Government has paid N42bn accrued pension rights to 11,349 retirees in the state. The Commissioner for Establishments, Training And Pensions, Mrs Ajibola Ponnle, disclosed this during the 95th retirement bond certificate presentation ceremony to retirees...

Retirees, Workers Kick As FG Plans N620bn Loan From Pension Funds   The Federal Government is planning to source $1.5bn (N620bn) loan from pension funds to support its proposed N7.73tn investment in transport infrastructure over the next five years. Specifically, the government is seeking to obtain the...

FG Releases N31.97bn For Retirees’ Accrued Pension Rights     The Federal Government has released another N31.97bn for the payment of accrued pension rights to 2021 retirees of Treasury-funded Ministries, Departments and Agencies. PenCom, in a statement on Thursday titled ‘Federal government releases funds for payment of accrued...

Lagos Retirees Receive N34.13bn Accrued Pension     The Lagos State Government has paid a sum of N34.13 billion into the Retirement Savings Account (RSA) of retirees in the Mainstream, Local Government, State Universal Basic Board (SUBEB), Teaching Service Commission (TESCOM) and other Parastatals of the state...

Lagos Pays Retirees N34.12bn Under Contributory Pension Scheme       The Lagos State Governor, Babajide Sanwo-Olu, has said the state has paid N34.12bn to retirees under the Contributory Scheme since the inception of his administration. Sanwo-Olu said this during the presentation of retirement bond certificates to the 90th...