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FG Set to Clear all Pension Liabilities – PenCom Boss

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The Federal Government says it will implement measures to clear all pension liabilities under the Contributory Pension Scheme (CPS) and ensure that no liabilities will be accumulated in the future.

The Acting Director-General of National Pension Commission (PenCom), Ms Omolola Oloworaran said this when the Nigeria Union of Pensioners Contributory Pension Scheme Sector (NUPCPS) paid her a courtesy visit in Abuja on Wednesday.

She said that PenCom was collaborating with relevant stakeholders to address issues related to pension increases, accrued pension rights, and other pension liabilities.

Oloworaran said the initiative would soon be presented to the Federal Executive Council (FEC) for approval.

She said that the nonpayment to annuitants under the African Alliance Insurance Company, which was being regulated by the National Insurance Commission (NAICOM) would soon be resolved.

“ PenCom is working with NAICOM to resolve the issue and announce a regulatory change that will require all pension funds under annuity to be domiciled with Pension Fund Custodians (PFCs) to prevent similar issues in the future.”

The acting D-G said that the poor service delivery by any PFA to retirees would not be tolerated.

She said that PFAs and PenCom must provide accessible complaint channels to ensure speedy resolution of issues.

Oloworaran commended the NUPCPS for their visit and reiterated Pencom’s commitment to maintaining a positive and collaborative relationship with the Union.

Earlier, the National Chairman of NUPCPS, Comrade Sylva Nwaiwu, said that Federal Government’s failure to implement pension increases for retirees under the CPS was unjust and inexplicable.

“ The Federal Government’s non-release of funds to enable PenCom pay pension increases for retirees under the CPS is not commendable.

“ While pension increases are implemented for retirees under the Defined Benefit Scheme (DBS), CPS retirees are being neglected,” he said.

Nwaiwu also criticised the irregular release of accrued pension rights by the Federal Government resulting to the delay of retirement benefits for retirees of Treasury-Funded Ministries, Departments, and Agencies (MDAs) since March 2023.

He said some NUPCPS members who are annuitants under the African Alliance Insurance Company had not received their pensions for five months, from May to September.

Nwaiwu urged PenCom to intervene and resolve the issue and reintroduce sensational engagement with the pensioners

The NUPCPS chairman also urged PenCom to strengthen its oversight of PFAs emphasising the need for improved service delivery to customers.

However, Nwaiwu commended PenCom’s significant achievements in the CPS sector, particularly its ability to grow pension funds to over N20 trillion as of June.

He also commended PenCom for ensuring the security of pension funds, as no case of fraud has been reported in the CPS’s since its first 20 years of operation (2004–2024).

Also speaking, Mrs Grace Yusuf, who retired as a  Deputy Editor-in-Chief from NAN, said that the non-payment of accrued rights was having devastating effects on retirees.

According to her, some of the retirees have died while waiting to get their benefits.

“To add salt to injury, we pensioners are no longer under the NHIS, thereby denying us access to healthcare, resulting to deteriorating health and increasing health-related issues; leading to untimely deaths because of lack of money to buy drugs.

“ Some of us still have children who are not employed, how much more being able to fend for their aged parents. It is painful.

“ However, PenCom can liaise with the Federal Government so that retirees can access their benefits latest one to three months after retirement.

“Also, PenCom should through the office of the Head of Service (HOS), make retirement planning education compulsory in all MDAs.

” This knowledge will help retirees plan very well as many of them are suffering now because of inadequate pension and retirement education,” Yussuf said.

She urged PenCom to make late payment of retirees benefits a serious offence, so that it would be taken seriously, adding that removing the payment of gratuities to retirees is unfair and ungodly.

Yussuf said: ” majority of pensioners are wallowing in poverty and hunger, emotional trauma, social isolation, and reduced quality of life.

” The government has a moral obligation to do the needful urgently to save pensioners from avoidable deaths after serving their fatherland meritoriously,” she said. (NAN)

NEWS

NPERA Deepens Transparency, Accountability in Port Sector

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By David Torough, Abuja

The Nigerian Ports Economic Regulatory Agency (NPERA), has reiterated its commitment to transparency, accountability and responsible management of public resources as it settles into its new role as Nigeria’s port economic regulator.

The Director-General/Chief Executive Officer of NPERA, Dr.

Akutah Pius, stated this when he received a delegation from the Civil Society Coalition for Transparency and Good Governance (CSCTGG), led by its Executive Director, Comr. Success Uko, on a courtesy visit to the Agency’s Abuja Liaison Office.

Akutah said the Nigerian Shippers’ Council had transitioned into NPERA under the new legal and regulatory framework, positioning the Agency to provide stronger economic regulation of Nigeria’s port sector.

He assured the delegation that NPERA remained committed to responsible management of public funds in the discharge of its statutory responsibilities, as well as promoting regulatory practices that enhance confidence and efficiency in the maritime sector.

The DG/CEO said the Agency would give due consideration to the Coalition’s request for collaboration and take appropriate formal steps to explore areas of partnership that align with NPERA’s mandate.

Earlier, the Executive Director of CSCTGG, Comr. Success Uko, said the Coalition was seeking a working relationship with NPERA to promote transparency, accountability, public awareness, stakeholder participation and good governance in the maritime sector.

Uko described NPERA as a critical stakeholder in Nigeria’s transport and maritime sector, noting that effective regulation and access to accurate information were important to improving service delivery and strengthening public confidence.

He said the Coalition had developed initiatives focusing on transparency, accountability, good governance and community development, and sought NPERA’s support towards their implementation and wider impact.

According to him, the proposed collaboration would also promote greater awareness among shippers, importers, exporters, transport operators and other stakeholders about policies, procedures, rights and responsibilities within the maritime sector.

He assured NPERA of the Coalition’s readiness to support legitimate programmes and initiatives of the Agency that are consistent with its statutory mandate.

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NEWS

2027: INEC ‌‍‍‍⁠⁠‌⁠‍‍‌‍‌Appeals for Peaceful Conduct, Promises Neutrality

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The Independent National Electoral Commission (INEC) has appealed to political parties, candidates and voters to ensure peaceful conduct before, during and after the 2027 general election.

Resident Electoral Commissioner (REC) of INEC in Ondo State, Dr Mutiu Agboke, made the appeal at a major stakeholders meeting on Thursday at the commission’s offices at Akure South and North Local Government Area of the state.

Political parties, security agencies, traditional rulers, religious leaders, NYSC members, National Association of Transport Owners (NATO) and other drivers union, among others were present.

Agboke, who visited the traditional ruler of Iju and Ita-Ogbolu in Akure North Local Government Area, said the stakeholders meeting became necessary to ensure the forthcoming election was free, fair and credible.

According to him, credible elections are a collective responsibility and that security, traditional institutions and transport unions all play a critical role in protecting voters, officials and election materials.

The REC, who said INEC would remain neutral and transparent, warned that the commission would not tolerate partisan leaning, vote-buying, intimidation or any act capable of undermining the credibility of the poll.

“This advocacy is for the commission and our major stakeholders to be on the same page because our expectation is to let votes count.

“The recent elections conducted by INEC are enough proof to show that people’s votes determine the direction of who wins.

“Meanwhile, we don’t want them to engage in violence, nobody should allow him or herself or wards to be used for violence and desist from engaging in vote buying.

“It is only votes lawfully cast and duly counted would determine winners,” he said.

He, therefore, assured that INEC officials had been trained to adhere strictly to the Electoral Act and its guidelines, while the commission’s doors remained open for questions and clarifications to avoid misinformation.

Agboke reiterated INEC’s promise of neutrality, saying that preparations for the 2027 general elections had already begun in earnest.

According to the REC, the success recorded in recent by-elections in the state will be built upon to deliver free, fair and inclusive polls that reflect the will of the people.

In their separate responses, Oba Idowu Faborode, The Ogbolu of Ita-Ogbolu; Oba Amos Farukanmi, The Okiti of Iju and religious leaders, pledged to sensitise their subjects and congregations on non-violence.

Also, Dr Gbenga Jemiloye, Akure South Local Government Chairman of All Progressive Congress (APC), applauded the commission for the meeting, saying it showed INEC was ready for the election.

The security agencies and drivers union assured of adequate deployment across the state, while the transport unions committed to timely movement of personnel and materials.(NAN)

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DAILY ASSET Loses Political Editor, Mike Odiakose at 63

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By David Torough, Abuja

The management and staff of DAILY ASSET have announced the death of the newspaper’s Political Editor, Mike Odiakose, who passed away in the early hours of Thursday at the Federal Medical Centre, Keffi, following a brief illness.

Odiakose, aged 63, was described by the management of DAILY ASSET as an accomplished journalist, who served with dedication across various media organisations in Nigeria before joining the newspaper two years ago.

In a statement personally signed by the Publisher and Editor-in-Chief of DAILY ASSET, Dr.

Cletus Akwaya, the newspaper expressed sadness over the death of the veteran journalist, saying he would be deeply missed by his colleagues and members of the wider media community.

“Management and Staff of DAILY ASSET regret to announce the sudden passing of our Political Editor, Mr Mike Odiakose in the early hours of today (Yesterday), following a brief illness at the Federal Medical Centre Keffi,” the statement said.

The management noted that Odiakose’s contributions to journalism extended beyond DAILY ASSET, where he worked for two years, having previously served with dedication in several media organisations across the country.

He is survived by his wife and children.

The newspaper prayed for the peaceful repose of his soul and offered its condolences to his family, colleagues and associates.

“May his gentle soul rest in perfect peace. Amen,” the statement added.

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