By Victor Ahiuma-Young  The National Pension Commission (PenCom), on Thursday issued a fresh directive to all Licensed Pension Fund Operators, LPFOs, comprising Pension Fund Administrators, PFAs, and Pension Fund Custodians, PFCs. In a move to deepen compliance with Contributory Pension Scheme. CPS, the Commission has barred all LPFOs from doing business with any service provider or […]

By Victor Ahiuma-Young  The clamour for the reinstatement of gratuity payments to workers upon retirement has become a subject of intense agitation by organized labour in recent times. The restoration of gratuity payments was one of the key takeaways from last Thursday’s national May Day celebration at Eagle Square, Abuja. Addressing workers and other dignitaries, including […]

By Olasunkanmi Akoni The Lagos State Government, under the administration of Governor Babajide Sanwo-Olu, has expended a total of N70,994,464,313.29 to 20,956 retirees of the state from May 2019 to date. The Lagos State Head of Service (HoS), Mr. Olabode Agoro, disclosed during the 109th Batch Retirement Benefit Bond Certificates presentation ceremony for retirees of the […]

By Alexandria Mede When President Bola Ahmed Tinubu appointed Barrister Seun Faleye as the Managing Director of the Nigeria Social Insurance Trust Fund (NSITF) on July 13, 2024, expectations were high. Today, less than a year into his tenure, many are beginning to see why. Faleye didn’t walk into the role unprepared. With elite legal credentials […]

PenCom is worried that only eight out of 25 states across Nigeria are currently fully implementing the CPS in their states.