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 …

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 …

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 …

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 …

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 …

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 …

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 …