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FCMB Group Plc: No ‘Legacy’ is so rich as Funding

    At the start of the week, the management of FCMB hosted a conference call to review its nine-months 2017 result, provide guidance on outlook and update investors on its acquisition of Legacy Pension Managers. From the details provided, management intends to leverage on its holding of Legacy Pension ...

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PenCom issues new guidelines on voluntary pension contributions

  National Pension Commission (PenCom) has issues new guidelines on voluntary pension contributions This is contained in a circular dated 16 November 2017 to all licenced Pension Fund Administrators and Custodians. Below are the highlights: In respect of voluntary contributions (VCs) by Mandatory Contributors: Withdrawals from VC account is limited to ...

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Premium Pension holds pension desk officers forum

L-R: Idris Abubakar, Great Heights Academy, Abuja, Sola Oyekanmi, Abuja Broadcasting Corporation and Kabir Ahmed Tijjani, Acting Managing Director/CEO, Premium Pension Limited during the Pension Desk Officers Forum held recently by Premium Pension Limited at the Company’s corporate headquarters in Abuja.         Premium Pension Limited, one of ...

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Lagos conscious of electorate demand for accountability, equity’

Governor Akinwunmi Ambode     The Lagos State Government is aware that the electorate want a greater public sector transparency, accountability and equity, Governor Akinwunmi Ambode has said. Governor Ambode said he also recognizes that governance arrangements in the public services are keenly observed and often criticised. He made this ...

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The plight of Nigerian pensioners: A legal and moral burden on federal and states governments

      In time past, Nigerians were protected from destitution and poverty, throughtraditional social security system, which was based on the concept of “our brothers keepers” and was influenced by and derived from both culture and religious characteristics of society. It was largely kinship base.Unfortunately, the traditional system of ...

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FCMB Completes 88.2% Acquisition of Legacy Pension Managers Limited with Completion Board Meeting

      BY NKECHI NAECHE—-FCMB Group Plc has successfully completed the acquisition of an additional 60 percent equity stake in Legacy Pension Managers Limited (Legacy). The acquisition, which increases the holding company’s interest in the company from 28.2 percent to 88.2 percent, was concluded at the Completion Board Meeting ...

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PTAD makes payment of 33% pension arrears

Sharon Ikeazor, PTAD Executive Secretary     BY NKECHI NAECHE The Pension Transitional Arrangement Directorate (PTAD) on Tuesday said it has paid pensioners under the Defined Benefit Scheme (DBS) another instalment of the 33 percent  Pension arrears  owed to its pensioners. According to statement released by the directorate that the categories of pensioners  affected ...

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PTAD nabs impersonator during fresh verification, as pensioners commend smooth exercise

The Pension Transitional Arrangement Directorate (PTAD) on Thursday nabbed an impersonator at the venue of the ongoing verification exercise in Lagos. According to the Assistant Director, Pension Admin, PTAD, Jibrin Idris, impersonator was handed over to security agents at the venue. He said the young man came to the venue with ...

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PTAD frowns at low turnout of pensioners for verification, Says exercise is a continuous process

Some of the pensioners at the event today.     BY NKECHI NAECHE—-Pension Transitional Arrangement Director ( PTAD) on Tuesday frowned at low turnout of pensioners at the Verification exercise of of Delta Steel Company and Federal Housing Authority pensioners held Lagos. Disclosing this to pension journalists in Lagos, Mr. ...

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Lagos workers acquire skills for pension administration

Dr. Akintola Benson       Governments and employers who fail to accept the welfare of the people as the ultimate law is at the risk of ruining its stewardships and the trust of the citizens in governance, Governor Akinwunmi Ambode has said. He made this statement at the Opening ...

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