Labour

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Pension scam in Nigeria: Role of regulator

IN recent month’s reports of pension scam carried banner headlines in the country’s news Media, both print and electronics resulting to probes on pension administration by special committees of both the Senate and House of Representatives. Some of the well-published scams are those of the Office of Head of Service of the Federation, Police pension and PHCN.

PenCom sends debt recovery agents after media houses

NATIONAL Pension Commission, PenCom, has sent debt recovery agents after management of media houses and other companies who have continued to breach the Pension Reform Act, PRA, 2004 by failing to remit deducted pension fund and have continued to incur high debt profile.

NSITF reads riot act to employers over employee’s compensation scheme

THERE was no better opportunity than the inaugural Nigeria Social Insurance Trustfund, NSITF/ Nigeria Employers’ Consultative Association, NECA,organised national workplace safety awareness day/ award ceremony, in Lagos, for NSITF to inform recalcitrant employers that they will hence forth face sanction if they fail to comply with Employee’s Compensation Scheme, ECS, a fall-out of Employee’s Compensation Act, ECA, 2010.

21 states key into contributory pension scheme

NO fewer than 21 states have now fully embraced the Contributory Pension Scheme, CPS, a fall-out of the Pension Reform Act, PRA, 2004, which discontinued the flawed Pay As You Go, PAYG, scheme.

Human capital development, training, re-training of workers, our priority – Oshiomhole

COMRADE Adams Aliyu Oshiomhole, as President of Nigeria Labour Congress, NLC, did not only fight for jobs, but for decent jobs as was witnessed in his anti-casualisation campaigns. Now as Governor of Edo State, Comrade Oshiomhole, after positively impacting on the lives of people of Edo State directly through new roads, renovated schools, clinics, hospitals; water and electricity projects, mass transit buses, employment generation, paying wages as when due, but has given indication of plans for human capital development among others.

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