Gov. Caleb Mutfwang of Plateau says that the State Government has spent more N16 billion on pension and gratuity of retirees in the last three years. Mutfwang disclosed this during a special thanksgiving organised to commemorate three years of his administration on Sunday in Jos. The governor, who insisted that he came into politics to…
Premium Pension Limited is facing a major legal challenge as 70 dismissed workers take the company to court, accusing it of wrongful termination and withholding statutory benefits. The former employees filed a suit at the National Industrial Court in Abuja, claiming they were dismissed without reason and in violation of their contractual rights. They allege…
The National Pension Commission (PenCom) has urged state governments to fully implement the Contributory Pension Scheme (CPS), stressing that the success of pension reforms depends on adoption at the sub-national level. Ms. Omolola Oloworaran, Director-General of PenCom, made the call on Wednesday in Benin during the Second Run of the 2025 Consultative Forum for States…
The National Pension Commission (PenCom) says it is finalising arrangements to pay all outstanding pension liabilities under the Contributory Pension Scheme (CPS) before December. PenCom’s Director-General, Ms. Omolola Oloworaran, disclosed this on Wednesday in Lagos during the opening of a two-day sensitisation workshop for employees and pension desk officers. The event was organised in collaboration…
The Senate on Tuesday approved the 2025-2026 external borrowing plan of 21.5 billion dollars presented by President Bola Tinubu for consideration. The News Agency of Nigeria (NAN) reports that the senate’s approval, followed presentation of the report of Committee on Local and Foreign Debts at plenary by Chairman of the committee, Sen. Aliyu Wamakko (APC-Sokoto)….
AVM Abubakar Adamu, has assumed office as the Chairman of the Military Pensions Board (MPB). This is contained in a statement by the Public Relations Officer of the board, Sqn. Ldr. Ahmed Mohammed, on Wednesday in Abuja. Mohammed said the handover marked a new chapter in the board’s commitment to enhancing the welfare of retired…
The Pension Transitional Arrangement Directorate (PTAD) has finalised the payment of another instalment of pension arrears of N32,000 increment approved by President Bola Tinubu, in 2024. This is according to a statement by PTAD’s Head of Corporate Communications, Mr Olugbenga Ajayi, in Abuja on Monday. Ajayi said that the latest instalment of N8.6 billion covered…
The Chairman of the House Committee on Pensions, Hussaini Jalo, says plans are underway to amend the Pension Reform Act (PRA), which was last reviewed in 2014. Jalo made the statement at a stakeholders engagement session on the review of the PRA 2014, organised by the House of Representatives Committee on Pensions in Abuja. He…
The National Pension Commission (PenCom) has announced the recovery of ₦1.58 billion from defaulting employers through enhanced enforcement efforts.This information was shared by the Director General of PenCom, Ms Omolola Oloworaran, on Wednesday in Kano during the First Run 2025 Consultative Forum for States and the Federal Capital Territory (FCT). According to her, state remittances…
The Pension Fund Operators Association of Nigeria (PenOp) has assured the National Pension Commission (PenCom) that its members will comply with the recent directive to settle all pension benefits within three working days. The News Agency of Nigeria (NAN) reports that the National Pension Commission has mandated Pension Fund Administrators (PFAs) and Fund Custodians to…
