President Muhammadu Buhari approved the disbursement o N522.74 billion to states who claimed that deductions from their federation revenue to settle external debt obligations between 1995 and 2002 were in excess of their debts. The Minister of Finance, Mrs. Kemi Adeosun, said in a statement, in Abuja, yesterday, that the amount would be paid in batches, […]
Read More The House of Representatives on Thursday urged the National Pensions Commission to ensure prompt payment of pensions in order to mitigate the sufferings of pensioners in the country. This followed the adoption of a motion by Rep. Prestige Ossy (PDP-Abia) entitled “Need to Create a More Conducive Atmosphere for Senior Citizens to Access Their Pension […]
Read More The total assets under the Contributory Pension Scheme rose from N5.3tn in December last year to N5.729tn at the end of June. The funds, which stood at N4.6tn in December 2014, include the total amount contributed by the subscribers, the investments and profits generated. Figures obtained from the National Pension Commission on Friday showed that […]
Read More [T]he Minister of Finance, Mrs. Kemi Adeosun, on Thursday described as unsustainable the Federal Government’s monthly wage and pensions bill of N165bn, saying this would be substantially reduced after all workers had been captured on the Integrated Payroll and Personnel Information System. Adeosun, who stated this at an interactive session with members of the Newspapers […]
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Lagos State Government has paid N1.9bn retirement benefits to another set of 294 retirees under the Contributory Pension Scheme. The Commissioner for Establishment, Training and Pensions, Dr. Akintola Oke, disclosed this during the presentation of the retirement benefit bond certificates to the retirees in Lagos. “Today, we are crediting into your Retirement Savings Accounts the […]
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