The National Pension Commission (PenCom) has released a revised Regulation on Retirement and Terminal Benefits for immediate implementation by PFAs and other stakeholders involved in the nation’s pension management. Specifically, the revised regulation contains new provisions on Pension Enhancement, Voluntary Contributions, payment under the Micro Pension Plan (MPP), payment of benefits of missing persons and […]
The Nigeria Social Insurance Trust Fund (NSITF) told the Senate Committee on Public Accounts that some of its payment vouchers had been eaten up by termites, thereby failing to justify the spending of N17.16 billion in 2013 with the required documents. The N17.158 billion, which was queried in the 2018 Audit Report of the Office […]
The Nigeria Social Insurance Trust Fund (NSITF) on Thursday disclosed that it raised N180 billion from contributors in the last 10 years. The Fund’s Managing Director, Dr. Michael Akabogu, made the disclosure during an interactive session between the management team and journalists on developments in the Fund over the years. Specifically, Akabogu said the collections […]