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Home Tag Archives: Pension (page 2)

Tag Archives: Pension

News

Abia Assembly passes bill to stop ex-govs, deputies’ pension

By Breezynews
20 March 2024
in :  News
0
70

Abia House of Assembly on Tuesday passed a bill to stop payment of pensions to former governors and their deputies in the state. It is entitled: “A Bill (H.A.B 11:) for a Law to Revoke The Abia State Governors and Deputy Governors Pensions Law No 4 of 2001 and for other Matters connected in addition to that”. It was sponsored– …

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Uncategorized

End ex-govs’ ‘scandalous pension’ – Falana

By Breezynews
22 January 2024
in :  Uncategorized
0
75

Chairman of the Alliance on Surviving Covid-19 and Beyond (ASCAB), Mr Femi Falana, SAN, yesterday, called for an end to what he described as scandalous pensions for some former governors in Nigeria. Falana argued that while some state governors voted themselves large pension payments and allowances, they failed to pay their former workers’ pensions and gratuities during their time in …

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News

I receive N577,000 monthly pension from Lagos only – Fashola

By Breezynews
20 January 2024
in :  News
0
114

Former Minister of Works and Housing, Mr. Babatunde Fashola has disclosed that the only financial benefit he receives from the government is N577,000 monthly pension as… Former Minister of Works and Housing, Mr. Babatunde Fashola has disclosed that the only financial benefit he receives from the government is N577,000 monthly pension as a former governor of Lagos State.He also said …

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News

Reps launch investigation into N15t pension fund assets

By Breezynews
4 October 2023
in :  News
0
77

The House of Representatives has mandated its committee on pensions to investigate the status of pension fund assets amounting to over N15.5 trillion. According to the House, the essence of the investigation is to ensure that the N10 trillion loaned to the federal government from the pension fund is recovered and modalities put in place to avoid a collapse of …

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Business

Current pension scheme parasitic, unattractive – NLC

By Breezynews
18 August 2023
in :  Business
0
58

The Nigeria Labour Congress (NLC), on Thursday, declared that the pension system in the country had failed to address the fears of Nigerian workers. In buttressing its claim, the NLC revealed that the inefficiencies in the system recently made the police lobby the labour congress to speak for the exit of policemen from the country’s pension scheme. At the pension …

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Business

Hardship: Workers withdraw N3b from pension savings

By Breezynews
3 August 2023
in :  Business
0
59

There are indications that economic hardship is forcing employees to eat deep into their pension savings held in Retirement Savings Accounts (RSAs). According to Vanguard, RSA account holders under the Contributory Pension Scheme (CPS) withdrew N3.02 billion from their Additional Voluntary Contribution (ADV) in the first quarter of 2023, Q1’23. The figure represents a 240.1 per cent rise from N887.9 …

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Politics

I stopped my Ogun monthly pension to avoid double pay — Gbenga Daniel

By Breezynews
11 July 2023
in :  Politics
0
67

Former Governor of Ogun State, Senator Gbenga Daniel has said that he asked the state government to stop his pensions and allowances as a former governor to avoid getting double pay having returned to public service after 12 years. The Senator, representing Ogun East Senatorial District in the 10th National Assembly, said on Channels Television’s Sunrise Daily that, “I remember …

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News

Abiodun increases quarterly pension payment to N1b

By Breezynews
7 March 2023
in :  News
0
73

Ogun State Governor, Prince Dapo Abiodun on Monday announced the increment of the quarterly payment of pension to N1 billion. The approved amount was to offset the backlog of pensions and gratuities arrears in the state. The governor stated this while addressing pensioners at an interactive session held at the June 12 Cultural Centre, Kuto, Abeokuta on Monday. According to …

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News

Ogun owes pensioners N68b gratuities, says union

By Breezynews
3 February 2023
in :  News
0
55

Members of the Local Government Pensioners Association of Nigeria (LOGPAN), Ogun State chapter have called on the state governor, Prince Dapo Abiodun to settle their outstanding gratuities, and as well harmonise their monthly pension. The state LOGPAN Chairman, Benedict Ademoye, who made the call while addressing newsmen during the association’s thanksgiving programme held at its state secretariat in Abeokuta, said …

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