National Pension Commission (Pencom)
Despite opting to join the Contributory Pension Scheme (CPS), at least 20 states in Nigeria have not commenced the payment of pensions to their retired workers.
The federal government on Thursday, November 18, announced that over N90bn is being owed retired staff of some agencies that have closed down across Nigeria.
The Economic and Financial Crimes Commission (EFCC) has listed some properties acquired by Abdulrasheed Maina, former chairman of the Pension Reform Task Team.
Pension fund administrators have continued to place large bets on government bonds treasury bills in order to boost the monthly pension savings from workers.
Despite opting to join the Contributory Pension Scheme (CPS), at least 20 states in Nigeria have not commenced the payment of pensions to their retired workers.
An motion on notice by a former pension boss to reopen his case has been dismissed by Justice Okon Abang of the Federal High Court in Abuja for lacking merit.
Governor Dapo Abiodun, said his late dad had advised him to respect the civil servants, pay them regularly and ensure that pensioners get their gratuities.
A new investigation into pensions has uncovered corruption in the retirement system. Government workers are soliciting extra payment before paying out pensions.
Apart from its requirement for SIM usage, NIN is also needed for all transactions that require identity verification and several other things, NIMC has said.
National Pension Commission (Pencom)
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