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N10.20bn transfered into RSAs of 142,486 NSITF scheme contributors – PenCom

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The National Pension Commission (PenCom) says N10.2 billion have been transferred into the Retirement Savings Account (RSAs) of 142,486 Nigerian Social Insurance Trust Fund (NSITF) Scheme contributors from 2014 to date.

Mrs Aisha Dahir-Umar, Director-General, PenCom, revealed this at an interactive session, organised by PenCom and Nigeria Employers’ Consultative Association (NECA) on CPS for the Organised Private Sector (OPS) in Lagos.

Dahir-Umar, represented by Dr Anyim Nyerere, Commissioner for Technical, PenCom, said this was in compliance with the commission’s responsibility of supervising the transfer, following the enactment of the Pension Reform Act (PRA) 2014.

“In order to ensure that all contributors under the NSITF scheme have their NSITF contributions transferred to their RSAs, the commission had severally featured advertorials requesting NSITF contributors to apply for the transfer of their contributions.

“PenCom wishes to implore all employers to encourage their employees, who have contributed to the NSITF scheme, to liaise with their PFAs and in particular Trustfund Pensions for guidance on how to have their contributions transferred to their RSAs,” she said.

According to her, the number of Retirement Savings Accounts (RSAs) under the Contributory Pension Scheme (CPS) as at the end of third quarter 2023, stood at 10 million.

Dahir-Umar said that the size of the pension Asset Under Management(AUM) amounted to N16.76 trillion in the period under review.

She noted that, accordingly, the contributions of the OPS in this regard could not be overemphasised.

According to her, the interactive session was organised to unfold new developments and tackle challenges facing the pension scheme in the country.

The director-general said that the programme was initiated to enlighten OPS on the current developments and challenges in the implementation of the Pension Reform Act (PRA) 2014.

“Obviously the pension industry is one of the fastest-growing financial sectors in Nigeria.

“This programme was put in place to enlighten the organised private sector on the new developments and resolve some of the challenges facing the sector.

“The objective of the interactive session is to enlighten the OPS on the workings of the CPS and share thoughts on emerging developments in the Nigerian pension space,” she said

Dahir-Umar said that the commission had continued to take giant strides towards ensuring the smooth implementation of the CPS through the revision of existing regulations, guidelines and the development of new ones.

She said that PenCom had deployed the Enhanced Contributors Registration System (ECRS) and Data Recapture Exercise (DRE).

The director-general stated that this mandatorily requires all RSA holders, who joined the CPS prior to July 1, 2019, to update their information with their respective Pension Fund Administrators (PFAs).

She charged RSA holders who are yet to approach their PFAs for data recapture to do so.

She assured the OPS that the commission would continue to ensure robust social dialogue with NECA in the interest of all stakeholders under the CPS.

According to her, the commission will always support NECA to champion programmes that will ensure the successful implementation of the CPS in Nigeria.

Commenting, Mr Bala Babangida, Head, Department of Compliance and Enforcement, PenCom, said that compliance in the industry includes opening of RSA with a PFA by employees.

Babangide added that employers must also ensure monthly deduction and remittance of pension contributions

and provision of Group Life insurance policy for their employees

Mr Obiora Ibeziako, Head, Department of Benefit and Investment, PenCom, listed the basic objectives of pension investments to include safety liquidity and fair return.

Ibeziako added that the general principles of the pension scheme involved consultation, prudent, effective surveillance and regulatory.

In his remark, Director-General, NECA, Mr Adewale Oyerinde, said that the deliberation would give rooms for more improvement and development in the pension sector.

“There is always a room for improvement and this is one of the area of development.

“I am sure that this interactive session would pave way to improving further the pension scheme,” Oyerinde said.

NEWS

Eight Niger LGAS at Risk of Flooding – NSEMA

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From Dan Amasingha, Minna

Niger State Emergency Management Agency (NSEMA) has alerted the State that about Ninety communities in eight local government areas of the State will be affected by flood in the coming days.The warning is coming on the heels of the devastating effects of the Mokwa flood that claimed over 200 lives.

The Agency however has assured of a coordinated action plan to mitigate the effects of flood disaster on the likely victims from the eight local governments consisting of 90 communities.
”This identified Local Government Areas and communities are clarified under high risk between April and June this year in Niger state.The Agency Director General, Alhaji Abdullahi Baba Arah made this known at the NSEMA 2025 Flood Preparedness and Response Campaign Stakeholders Engagement with the theme: Building Resilience and Capacity for Flood Management held in Minna.
Baba Arah who was represented by the Director, Relief and Rehabilitation, Garba Salisu added that between July and September 2025 about 105 communities from 17 local councils will experience very serious flooding while October and November 3 local governments consisting of 15 communities are likely to have a high risk of flooding in the state.Similarly, the DG noted that those local governments and communities prone to moderate flooding in this year include; 13 councils with 87 communities in April/June, 17 local governments with 87 communities in July/September while between October and November 11 local councils and 103 communities will be affected.He stressed that the stakeholder’s engagement is aimed at harmonizing all the action plans by each of the participants to ensure a centralized operation devoid of duplications, adding that over 700 persons have died in various boat mishaps from 2007 to date in the state.He further gave a sectorial effect of flooding this year in Niger state such as, 215 risk schools in education sector, 7 commercial centres, 180,000 hectares of land in agriculture sector, 6 roads and 3 bridges in transportation sector and over 100,000 population.The guest lecturer, Professor Isah Idris of FUT Minna on the topic; Roles of Stakeholders in Disaster and Risk Management, advised that the resolutions reached on the Action Plan will go a long way in assisting to mitigate future occurrence of flood in Niger state.

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Niger Police Arrest Dismissed Soldier for Impersonation, Fraud

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From Dan Amasingha, Minna

Niger State Police Command has busted a dismissed Soldier who led a POS robbing syndicate for impersonation and fraudulent activities in a renewed Crack down on criminality in the State.In a statement issued by Command Public Relations officer, Wasiu Abiodun yesterday said the Command is determined to rid the state of criminal elements.

”Niger State Police Command intensify efforts to curb crime and criminality in the State, the following arrests were recently recorded”He disclosed that on 27th May, 2025 at about 2:30pm, a case of criminal breach of trust, fraud and theft was referred for Police investigation from a magistrate court to Tudun-Wada Div, which was reported by three victims.
According to him, on 12th May, 2025 at about 10am, a suspected soldier went to a POS shop around Musa Bello primary school, Bida and deceitfully collected #120,000 from the operator and escaped.He disclosed that, similarly on 23rd May, 2025 at about 9.30am, the same suspect dressed in military camouflage went to a POS attendant at Kataeregi, collected #300,000 and equally escaped, while on 29th May, 2025 at about 4pm, the same situation occurred at a POS point along Mandela road and N50,000 was taken from the victim.The Spokesman said In the course of the investigation, Police detectives of the Division with the aid of technical intelligence arrested one Michael Musa of Mandela road, Minna in connection with the case.During interrogation, the suspect who was arrested in military attire confessed to these incidents, and claimed that he was a soldier, but he was dismissed in 2022 in Benin, Edo State.Similarly, on 26th May, 2025 around 7pm, a report was received at Maje Div that one Ibrahim Sheriff 18yrs of Kuki village Dutsenma, Katsina State and Hamisu Dalhatu 25yrs of Furakirke Sokoto State, both residing in Maje conspired and threatened one Samaila on phone to be kidnapped or pay thirty million naira ransom.The two suspects were trailed with the aid of technical intelligence and they were arrested.”The exhibits recovered include the phone and the SIM card used in making the threat calls. The case is also under investigation.

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Bago Grants State Pardon to 11 Persons Sentenced to Death

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From Dan Amasingha, MinnaNiger State Governor, Umaru Bago has granted unconditional State pardon to 11 persons sentenced to death by a Minna High court over a communal clash in Lavun local government areas.State Attorney General and Commissioner of Justice, Nasiru Muhammad Muazu announced the pardon in a press briefing at Government house yesterday.

He disclosed that, the Governor exercising his power as contained in section 212 (1) of the 1999 constitution as amended decided to grant the convicts state pardon.
He said the gesture followed a plea made by the convicts to the State Governor and the office of the Attorney General which forwarded to the State Advisory council on the prerogative of mercy.
”After the review by the advice of the council on prerogative of mercy in the state, the Governor decided to grant the pardon on the 28th of May, 2025″He said the Governor decided to act by bringing lasting peace to the lingering communal clashes between Gaba and Anfani communities in Lavun local government area of Niger State.According to the Attorney General and Commissioner of Justice the Governor had held a series of peace building meetings with the two warring communities before the pardon was granted.”Promises were made by the Governor to both communities to find a lasting solution to the perennial clash, but I can’t disclose the details.”The Eleven pardoned convicts are Mohammed Mohammed, Ndana Alhaji Sheshi, Isah Baba Madu, Mohammed Mohammed Nda Bida, Abubakar Baba Salihu, and Baba Mohammed Shaba.Other beneficiaries are Adamu Mohammed Baba, Haruna Muhammed, Isah Mohammed Alhaji inuwa, Ibrahim Mohammed and Mohammed Isah.A Minna High court on the 8th February 2022 sentenced eleven members of Anfani community to death by hanging for culpable homicide as a result of a communal clash between Gaba and Anfani communities since 2018.

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