Tag: Pensions
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Pay us while we are alive – Pensioners beg FG
Many pensioners have urged the Federal Government and their Pension Fund Administratird (PFA) to pay them their annuity and pension entitlements whike they are still alive.
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FG approves e-verification for military pensioners
The Chairman, Military Pensions Board (MPB), AVM Paul Irumheson, says the Federal Government has approved an electronic verification system for military pensioners to ensure sanity in pension administration.
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Gov Okowa gives update on N150bn bridging finance facility
The Delta Government has accessed N30 billion out of the N150 billion bridging finance facility it applied for from a financial institution.
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TNG Deal Breakers: The Naira woes, retiree death scores, pension benefits, and other stories
The aim of monthly or yearly pension payouts is to mitigate or cushion the likelihood of old age poverty. It is, for this reason, that withdrawal from pension savings after retirement is framed in such a way that the retiree gets so little each time. Whether through an annuity or programmed benefit withdrawal, each piece…
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I’ll not renege on full payment of workers’ salaries, pensions, if reelected – Oyetola
Gov. Gboyega Oyetola of Osun, has said he would not renege on his promise of make payment of full salaries and pension to workers and retirees, if reelected. Oyetola said this during an engagement programme with members of The Triangular Group of Pensioners on Sunday in Osogbo.
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Lagos assembly slashes pensions of Tinubu, Fashola, Ambode, other ex-govs by 50%, cancels provision of houses in Abuja, Lagos
The Lagos State House of Assembly has slashed pensions of former governors by 50%. The slash which was announced in a statement on Thursday, follows a report and consequently, a recommendation by the assembly’s Committee on Establishment. The committee also expunged the provision of houses in Abuja and Lagos for former governors as stipulated in…
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How I helped Nigeria save $3.5bn from pensions, subsidy fraud under two presidents – Okonjo-Iweala
Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala yesterday reminisced on her tenure as Nigeria’s Finance minister under Presidents Olusegun Obasanjo and Goodluck Jonathan. She also revealed how she superintended over saving Nigeria a cumulative $3.5 billion by cleaning up the country’s pension and subsidy systems. Okonjo-Iweala spoke during a monitored online interview…
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As NPF Pensions ups retirement benefits ante
By Ikechukwu Amaechi For the management of the Nigeria Police Force Pensions Limited (NPFPL), not even the axiomatic sky is the limits. It is only a stepping stone to greater heights because the stakes in the pensions industry will always be high. That is the worldview that drives the Pension Fund Administrator (PFA) and for…
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Court orders payment of N151m pension arrears to Nyame, 3 others
The National Industrial Court has ordered the payment of the sum of N151.1 million being the unpaid pension arrears of ex-governor of Taraba, Rev. Jolly Nyame and three others from May, 2013 to Oct.2015. The other claimants in the suit were Uba Ahmadu, Abubakar Armayau and Bilkisu Danboyi. The judge, Justice Sanusi Kado in a…
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900 Nigeria Airways retirees die awaiting pensions
A member of the Ministerial Committee on the verification of payment of retired Nigeria Airways workers ,Captain Shu’aibu Alfa, revealed yesterday that 900 retirees have so far died nationwide since 2004. Alfa, who is the Supervisor, Kano Verification Centre, told the News Agency of Nigeria (NAN) in Kano that there are three centres where the…