NEWS
Pension: FG Reiterates Commitment to Timely Payment of Retirement Benefits- PenCom

The Director-General (D-G) of the National Pension Commission (PenCom), Ms Omolola Oloworaran has reiterated the Contributory Pension Scheme’s (CPS) commitment to fulfill its mandate of timely payment and adequate retirement benefits to retirees.
Oloworaran said this at a news conference in Abuja on Thursday, saying that the pension reform had achieved a milestone.
“A defining milestone in our nation’s pension administration has been achieved through the approval of a N758 billion Federal Government bond to fully settle outstanding pension liabilities under the CPS.
” President Bola Tinubu has signaled a new dawn for pensioners, ensuring that the CPS fulfills its mandate of providing timely and adequate retirement benefits,” the D-G said.
She said that the president had set a new standard for pension administration in the country, effectively resetting the CPS on the path to sustainability.
Oloworaran said that achieving full implementation required strategic collaboration.
” PenCom will continue working with all stakeholders to ensure the seamless issuance of the bond and the timely disbursement of pension payments.
” Our priority remains efficiency, transparency and accountability in the administration of retirement benefits,” she said.
Oloworaran said that the resolution of pension liabilities restores confidence in the CPS and positions the pension industry for long-term growth.
She said that beyond the immediate payments to retirees, it would stimulate the economy, deepen the capital market, and enhance financial stability.
Oloworaran said that the landmark bond resolves all accumulated pension liabilities covering: N253 billion accrued pension rights to settle outstanding entitlements for retirees of the Federal Government Treasury-funded MDAs,
She said that addressing the delays caused by previous funding shortfalls, going forward accrued pension rights would be included in the monthly personnel cost general warrant, ensuring automatic and timely payments.
Oloworaran said that N388 billion pension increases since 2007, had been approved, adding that the long-overdue entitlement would benefit more than 250,000 retirees.
She said that it would reflect on the administration’s commitment to ensuring pensions remained fair and responsive to economic realities.
” For the first time, the Federal Government is contributing to the PPF, ensuring that pensioners particularly low-income earners receive a living wage in retirement.
” This is a major step towards strengthening financial security for all retirees under the CPS,” Oloworaran said.
She said that N11 billion for the university professors’ pension shortfall had been released.
Oloworaran said that it would implement the provision allowing eligible university professors to retire on their full salary, while addressing the funding gaps that previously hindered its execution.
” With this burden lifted, the pension industry can now focus on innovation, improved service delivery, and optimising investment returns.
” A renewed emphasis will also be placed on expanding the Micro Pension Plan, ensuring that Nigerians in the informal sector can save securely for their future,” the D-G said.
She commended the president and the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, for their support in bringing the initiative to fruition. (NAN)
NEWS
Ogbuagu Gets Honour for Excellence in Service, Culture, Faith
From Chidi Precious, Umuahia
Former Imo State lawmaker and media entrepreneur, Rt. Hon. Uche Ogbuagu (Ogbuagu Mbaike) has added another feather to his cap with an Award of Excellence from the Christian Association of Igbo Ministers (CAIM), recognizing his contributions to the promotion of Igbo culture and humanitarian service.
The ceremony, held at The Assemblies of God Church in Aba, drew dignitaries from across Nigeria, including Abia State Governor, Dr. Alex Otti and Nigerian football legends Kanu Nwankwo and Chief Uche Okechukwu, who were also honoured. A posthumous award was presented to the former Governor of Old Imo State, Late Dee Sam Onunaka Mbakwe and received by his widow.The award recipient, Ogbuagu, a former Majority Leader of the Imo State 9th Assembly and 2023 Labour Party House of Representatives candidate for Mbaitoli-Ikeduru Federal Constituency, was commended for his dedication to societal upliftment and faith-based community service.Apostle Leonard Abraham, CAIM’s Aba coordinator, who presented the award, described Ogbuagu as “a consistent advocate for the Igbo cause,” lauding his use of media platforms to preserve and promote Igbo culture and values. According to him, the award recognizes Ogbuagu’s unwavering commitment to the service of God and humanity.Represented by Ozirim Eke, Ogbuagu expressed gratitude for the honour. He dedicated the award to God and humanity, reaffirming that his commitment to human development is a divine calling. “By God’s special and infinite grace, I will not relent,” he declared.Reacting, the Chief Press Secretary to Ogbuagu Mbaike, Obinna Uchenna stated that the recognition adds to Ogbuagu’s growing list of accolades and reinforces his role as a key cultural and developmental voice in Southeastern Nigeria.”His recognition by a prominent faith-based body also reflects the increasing intersection of civic engagement, cultural identity, and religious service in shaping regional leadership.”This event not only highlights Ogbuagu’s rising profile but also underlines a broader movement among Igbo leaders to honour cultural ambassadors and inspire the next generation”, Obinna stated.NEWS
IPMAN Extols Mbah’s achievements in Two Years

From Sylvia Udegbunam, Enugu
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has hailed Gov. Peter Mbah for his innovative and impactful governance filled with infrastructural, human capital and economic development strides in Enugu State.The Chairman of IPMAN Enugu Depot Unit, Chinedu Anyaso gave the commendation in a congratulatory message issued to newsmen in Enugu on Sunday to mark Mbah’s two years in office.
Anyaso said that it was gratifying that Mbah had lived out the excellent service delivery acumen, which IPMAN members and those with IPMAN background have and he had effectively deployed this to a huge success record in just two years. According to him, Gov. Mbah has achieved unprecedented development strides in two years and made us (every member of IPMAN) proud and be able to speak interestingly on achievements of our life patron.”Today, filling stations and other petroleum marketing platforms sell virtually round the clock and this conducive and flourishing business environment will never be possible if not for the huge security investment and technological innovation he put in place.”Gov. Mbah has invested heavily in security by procuring 150 vehicles fitted with 360 degree surveillance cameras, fully equipped with communication gadgets; as well as placed surveillance cameras and searchlights in the whole Enugu and building a security monitoring control centre.”Constructing and reconstruction of virtually all roads within Enugu metropolis and hundreds of new access roads outside the metropolis to make for ease of movement and opening up rural areas, local farming communities and local economic businesses.”Today, Enugu is secured, motorable and livable; making it the first choice destination for leisure and tourism as well as international conferences and engagements attracting hundreds of high networth individuals,” he said.In education and healthcare, the chairman said that everyone can spot the ongoing 260 Smart Schools; 260 Smart School Farms; 260 Smart Type-2 Primary Healthcare Centres springing up in the 260 political wards in the state.He said that in agriculture, we have the tractor assembly plant rolling out 1,000 farm tractors and will train youths on tractor’s repair and maintenance as well as establishment of 260 Smart Farm Estates and lots of farm inputs and improved seedlings distributed already to farmers.”Thousands have enrolled and more thousands are waiting to be enrolled and join the ongoing technological soft skill and upscale skill training, which holds lots of promises of future engagements and livelihoods for the teeming youths.”Gov. Mbah has virtually touched all sectors i.e.urban water supply and reticulation within Enugu; culture and tourism development; rural empowerment and welfare; and put in place a digital-driven taxation system.”Through people-oriented laws and Executive Orders opened up the state for the electricity market, farm produce and aviation space among others,” he noted.The chairman, however, called on Gov. Mbah to sustain the giant and enviable strides on development, which had scaled up the state’s ranking in the human and capital development indexes. “On behalf of the entire members of the IPMAN Enugu Depot Unit, we wish you well. We will continue to pray for your sound health and wisdom as well as the progress of Enugu State.”May God’s Light always illuminate your path as you continue to move Enugu State in the path of fast progress,” he added.NEWS
Mbah’s Ethical Leadership Hailed at UNN Public Lecture

From Sylvia Udegbunam, Enugu
Enugu State Governor, Peter Ndubuisi Mbah’s leadership philosophy took centre stage during a public lecture on ethical leadership and development at the grassroots, organised by the University of Nigeria Nsukka, UNN, and the Ethics, AI, and Higher Education Strategy Team (EAISTRAP) at the premier university over the weekend.
The guest lecturer and Chairman of Nsukka Local Government Area, Engr. Jude Asogwa, highlighted how Mbah’s development agenda and ethical leadership model have brought about a paradigm shift in the administration of local governments across the state.Asogwa, who emphasized transparency, accountability, and citizen engagement as key governance imperatives, said Mbah’s ethical leadership model has helped rebuild public trust in government, promote community-centered development, reduce corruption, enhance fiscal responsibility, and institute inclusive governance, civic empowerment, and sustainable practices at both the state and local government levels in Enugu State.“So, what we have done in the Nsukka Local Government Council is to cascade Mbah’s ethical leadership and inclusive governance models to the grassroots. The same thing is happening across the other 16 LGAs.“When the governor came on board, he adopted the 260 wards of the state in the siting of projects in line with his inclusive governance model. In every ward, he is doing one Smart Green School, one Type 2 Primary Healthcare Centre, and one Farm Estate in addition to road and other development projects.“So, as a Local Government Council, we have taken our own development down to the 52 communities of Nsukka LGA. We interacted with them to give us three projects they feel the Council should execute for them, starting with one at least.“We were able to get their requests; we compiled it and called it our Projects Bible. And with that, we are able to do one after the other, and for each of them, we do it in partnership with the communities. We try to engage the communities,” he said.The Council Chairman, however, reminded the people that they have a role to play in entrenching ethical leadership and canvassed community-based monitoring systems to detect and report any corruption and mismanagement. “It is not enough for leaders to act with integrity; citizens must also hold them to high standards,” Asogwa added.Mbah, who was represented by the Commissioner for Environment and Climate Change, Prof. Sam Ugwu, commended the organisers of the lecture led by Prof. Casmir Ani for promoting ethical leadership at the grassroots.“Ethical values at the grassroots is very important because that is where the majority of the people live. Every government has a philosophy, and our philosophy is to ensure that the people get what they deserve.“Communities should, however, take ownership of those projects. The contractors are also being closely monitored and assessed to ensure that what they are doing is in line with the government’s mandate. The days of cutting corners in project procurement and management are over,” he stated.In his contribution, the Acting Vice Chancellor, Professor Oguejiofor Ujam, who was represented by the Deputy Vice Chancellor (Administration), Prof. Romanus Ezeokonkwo, said that UNN was not only focused on academic excellence but also ethics and values that shape good leaders who can transform communities and the nation.He commended Mbah for his numerous infrastructural projects and for prioritising human capital development in the state. “A lot is happening. But I feel particularly happy when I remember that the Enugu-Opi-Nsukka Road is being dualised. As a person that has lived here for many decades, it means a lot to me. It will make movement faster, and criminality will reduce on that road. It will open up the zone. So, the university community thanks the governor for this, and we hope for speedy completion” he said.EAISTRAP Team Leader Prof. Ani, commended Asogwa for reflecting and replicating Mbah’s “Tomorrow is Here” philosophy through transparency and innovation.Chairman of the event, Professor D.N. Eze and Dean of Social Sciences, Professor Thaddeus Nzeadibe, emphasised ethical leadership’s role in Nigeria’s development, hence the faculty’s commitment to grooming transformative and ethical leaders.The event was attended by the Commissioner for Labour and Productivity, Pharm Chika Ugwuoke; Chairman of Igbo-Eze North LGA, Hon. Michael Uche Ogalla, and his Udenu LGA counterpart, Hon. Aka Eze Aka, traditional rulers, party leaders, the clergy, academia, locals, among others.