April 2017

26Apr

Nigeria. All Eyes on Dikko, New PenCom DG

As Aliyu Dikko assumes office as the new PenCom DG, Nigerian workers and pensioners are expectant that the seasoned banker and experienced finance manager would bring his wealth of experience to bear in resolving pending issues in their overall interest, writes Ebere Nwoji As the new Director General, National Pension Commission (PenCom), Aliyu Dikko, takes over the mantle of leadership from Chinelo Anohu – Amazu, a number of tasks are awaiting his immediate actions. Some of these are – implementation of...

April 26, 2017
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25Apr

Nigeria’s PenCom General Director hands affairs over

A new chapter in the affairs of the National Pension Commission, PenCom, opened yesterday, after the erstwhile Director-General, Mrs. Chinelo Anohu-Amazu, handed over the affairs of the Commission to the Head of Corporate Responsibility, Aisha Dahiru-Umar. PenCom is the industry regulator overseeing assets of more than N6 trillion of pension assets in the country. The handover followed the arrival of her disengagement letter last Friday which was officially delivered to her. As reported by Vanguard yesterday, her removal was effected through...

April 25, 2017
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17Apr

Nigeria. Row over N22b pension legacy fund

Are 10 insurance firms owing the Federal Government’s Pension Transitional Directorate Department (PTAD) N22 billion meant for the Pension Legacy Fund? Yes, says PTAD. Yes, but. .., say some of the firms. The fund includes the liabilities and assets of pension funds of erstwhile pension offices and treasury funded pensions of parastatals, universities and colleges of education in charge of pensioners under the old pension scheme, known as the Defined Benefit Scheme (DBS). The PTAD, under the Pension Reform Act (PRA)...

April 17, 2017
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March 2017

30Mar

Nigeria. Insurance Companies Yet to Remit over N19bn Pension Fund

The Pension Transitional Arrangement Directorate (PTAD) has said that the federal government is yet to recover all the legacy pension assets, funds and liabilities including over N19 billion in the custody of insurance companies. The Executive Secretary of PTAD, Ms. Sharon Ikeazor, disclosed this at a media briefing in Abuja on “reshaping the landscape of pensions administration for the defined benefits scheme.” Ikeazor said that the legacy fund was inherited from the defunct Pensions Offices and Boards of Parastatals when PTAD...

March 30, 2017
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28Mar

Invest Africa’s Pension Funds In Infrastructure, NEPAD Advocates in Nigeria

Mr Ibrahim Mayaki, Chief Executive Officer, NEPAD Planning and Coordinating Agency, has tasked African governments to commit to a roadmap that will allow pension funds to invest in infrastructure. A statement in Abuja by the communications section of the Economic Commission for Africa (ECA) disclosed this on Monday at the venue of the ongoing African Development Week which began on Thursday in Dakar, Senegal. The meeting was organized by ECA and the United Nations Economic and Social Council (ECOSOC), the statement...

March 28, 2017
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