CONTRIBUTORY PENSION SCHEME: New membership enrolment falls 38% in 5yrs

CONTRIBUTORY PENSION SCHEME: New membership enrolment falls 38% in 5yrs

…As non-compliance in 22 states persists …Non-compliance blocks N127bn pension contributions By Babajide Komolafe & Rosemary Iwunze Enrolment of new members into the Contributory Pension Scheme, CPS, fell by 38 per cent in five years to 257,462 in 2021 from 411,258 in 2017 driven by persistent non-compliance in 22 states. Financial Vanguard analysis of annual […]
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Real estate firm commences construction of Lekki project, The Comfort Chateau

Real estate firm commences construction of Lekki project, The Comfort Chateau

Elan Orris Real Estate, a very young and award-winning innovative company in Lagos, also a member of Castle Price Holdings, has commencement construction at its Lekki project, The Comfort Château [Terraces], off SPG Road, Lekki. According to the Marketing Manager, Ogheneriode Oghe, “The Comfort Château is a world-class, smart idea of the company to offer […]

Court quashes N1.7bn money laundering charge against MD, Shibahwells Energy

Court quashes N1.7bn money laundering charge against MD, Shibahwells Energy

By Innocent Anaba A Lagos Magistrate’s Court sitting  at Ogba, Ikeja has struck out a money laundering charge brought against Isaac Adewole, Managing Director, Shibahwells Energy and staff of Wema Bank, Kingsley Ananwude, for lack of merit. Magistrate A. Layinka discharged the defendants and struck out the charge following the legal advice from the Office […]