The National Pension Commission (PenCom) has achieved a significant milestone, securing the top position in the 2023 Ethics and Integrity Compliance Scorecard (EICS) among 50 regulatory agencies in Nigeria. This accomplishment comes two years after the conviction of Abdulrasheed Maina, former chairman of the Pension Reform Task Team (PRTT), for money laundering and other offences Read More…
Pension funds
288 Lagos retirees receive N1.62bn
The Lagos State government said on Friday that it has deposited N1.62 billion into the RSAs of 288 retirees for the month of October. This was said by Mr Babalola Obilana, Director-General of the Lagos State Pension Commission (LASPEC), at the 97th Batch Retirement Bond Certificate Presentation for retirees from the Lagos State public service. Read More…
Lagos govt pledges top-priority for pensioners welfare
The improved quality of life and the welfare and well-being of pensioners are a top priority, the Lagos State government has promised. Mrs Ajibola Ponnle, Lagos State Commissioner For Establishments, Training and Pensions made the pledge at the 96th Retirement Certificates Presentation organised by the Lagos State Pension Commission (LASPEC) in Lagos. “Recently, the state government through Read More…
Nigeria hikes capital requirement for pension managers as mergers loom
Nigeria has increased the capital requirement for pension managers in an attempt to steer the biggest sector of its fund management industry to target untapped opportunities in the much larger, informal sector of small business. Three pension managers are in talks to merge to meet the new capital requirement of 5 billion naira ($13.14 million) Read More…
Lagos pays N1bn accrued pension rights for September
The Lagos State Government has paid over N1 billion as accrued pension rights to 219 retirees in the state’s public service for the month of September. Mr Babalola Obilana, Director-General, Lagos State Pension Commision (LASPEC), in a statement on Friday, said the beneficiaries received their bonds at the 79th batch retirement bond presentation in Lagos. Read More…
Atedo Peterside tasks FG on guarantees for pension funds investment
Mr Atedo Peterside, the founder of Stanbic IBTC Holdings Plc, on Thursday said that government needed to provide guarantees for pension funds investment in infrastructure activities to avoid risk. Peterside disclosed this at the “The PlatformNG60” organised by Covenant Christian Centre in Lagos, anchored by Pastor Poju Oyemade. The Platform is non profit initiative by Read More…