Tag: pension funds
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I’ll declare nationwide protests if Governors borrow from pension funds – NLC President
The Nigeria Labour Congress (NLC) has warned state governors to stay away from pension funds or face massive protests. The warning came in a bit to stop state governors from borrowing N17 trillion from the pension funds purportedly for infrastructural development. The NLC President, Ayuba Wabba, insisted that the governors have no authority over the…
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SERAP asks Buhari to stop Governors from borrowing N17trn from pension funds
Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to President Muhammadu Buhari urging him to use his “good offices and leadership position to urgently instruct the Director-General and Board of the National Pension Commission [NPC] to use their statutory powers to stop the 36 state governors from borrowing and/or withdrawing N17 trillion…
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Pension Fund Operators endorse NPF Pensions’ demand for special gratuity for police retirees
Nigerian policemen who have been groaning over poor retirement benefits since the introduction of the Contributory Pension Scheme (CPS) with the Pension Reform Act of 2004 will have cause to smile soon if feelers that emerged from a three-day investigative hearing by the House of Representatives Committee on Pensions is anything to go by. The…