IQscanner:
please nobody should engage this in any
verbal confrontation because of his support for buhari he is
among those paid online personnel that this present
adminstration use for their online campaign .......simple
advice just ignore him ........#back2daura#

abbaapple:




Please can someone explain how this poo works We are not talking about Billions this is Trillions spits on this failed project called Nigeria! Lugard RIP in hell.

ba7man:
I want to see the number of half brained posters that will read only the headline and start wailing.

Too many dumb people on this Nairaland.....let me use this to know them.

agbonkamen:
and you are what intelligent bushboy

ba7man:
Hello, you must be one of the half brained people I was talking about.

The post seemed to hit you.

Shikini:
Nike Popoola

The total pension assets under the Contributory Pension Scheme rose to N8.49tn as of the end of November 2018 financial period, latest figures obtained from the National Pension Commission on Tuesday revealed.


The pension commission said 72.5 per cent of the fund had been borrowed by the Federal Government and invested in the FGN securities totalling N6.16tn during the period under review.

The Pension Fund Administrators also invested 6.87 per cent or N584.321bn of the fund in domestic ordinary shares, while 0.71 or N60.529bn of the fund was invested in foreign ordinary shares.

According to the Pension Reform Act, the PFAs manage the funds which are in the custody of the Pension Fund Custodians.

The commission stated that it continued its consultative philosophy in the regulation and supervision of the industry.


According to PenCom, the risk-based examination approach was implemented as a way of promoting transparency and providing early warning signals as well as encouraging pension operators to regularly self-evaluate their positions.

The Acting Director-General, PenCom, Mrs Aisha Dahir-Umar, said in an effort to promote a stable and sustainable pension industry, the commission adopted zero tolerance for non-compliance and consultative supervisory philosophy in the issuance of guidelines and the review of existing ones to further promote sound corporate governance in the industry and ensure the security of the pension assets.

In addition, she said, the commission in 2018, moved to a more risk-based approach to supervising pension operators by aligning its supervisory framework with that of the Financial Services Regulation Coordinating Committee.

“We believe this will promote better risk management in licensed pension operators,” she stated.

She said the commission, last year, released the framework and guidelines for the implementation of the micro pension scheme, which was targeted at increased participation of employees in the informal sector, multi-fund structure and revised guideline for fund accounting as well as revised circular for branch opening and service centre by the PFAs.


“Similarly, circulars on pension enhancement and processing procedures of deceased benefits entitlement were also released by the commission,” she stated.

According to her, the monitoring and reporting of non-compliance with regards to the implementation of these guidelines and other existing regulations remained part of the responsibilities of the compliance officers.

The acting director-general said the commission would continue with its consultative philosophy, transparency and good corporate governance in the implementation of the CPS in Nigeria.


https://punchng.com/fg-borrows-n6-16tn-from-n8-499tn-pension-fund/

tsephanyah:
Lol borrowing without returning is not corruption.
:PI write my comments at a 3rd grade level, but sure, I'll explain it to you.

Olamsoh:
This is why Nigeria may never overcome corruption. Every matter is viewed through a Partisan lens.

How can Onnoghen a learned jurist claim that he forgot to declare the following assets to the Bureau;

$391,401.28 USD
€49,971 .71 EURO
£23,409.66 GBP?
55. Houses

Some folks already believe this is political witch-hunt against the CJN.

Would the learned jurist have forgotten to include those assets in his Last Will and Testament?

The excuse of amnesia is a very weak one. No rational person will buy i

22brains:
good development. am also planning to borrow APC government my yearly salaries.

baliyubla:
Buhari when I retire and there's no money to pay me, I will look for you so we settle it like men. What a dullard.

hisexcellency34:
Borrow N6tr from 8tr. How much come remain?

Atk1nson:


The only amnesia I see here is someone writing about CJN on a thread talking about pension and how FG has borrowed almost 75% of it.

Shikini:
Nike Popoola

The total pension assets under the Contributory Pension Scheme rose to N8.49tn as of the end of November 2018 financial period, latest figures obtained from the National Pension Commission on Tuesday revealed.


The pension commission said 72.5 per cent of the fund had been borrowed by the Federal Government and invested in the FGN securities totalling N6.16tn during the period under review.

The Pension Fund Administrators also invested 6.87 per cent or N584.321bn of the fund in domestic ordinary shares, while 0.71 or N60.529bn of the fund was invested in foreign ordinary shares.

According to the Pension Reform Act, the PFAs manage the funds which are in the custody of the Pension Fund Custodians.

The commission stated that it continued its consultative philosophy in the regulation and supervision of the industry.


According to PenCom, the risk-based examination approach was implemented as a way of promoting transparency and providing early warning signals as well as encouraging pension operators to regularly self-evaluate their positions.

The Acting Director-General, PenCom, Mrs Aisha Dahir-Umar, said in an effort to promote a stable and sustainable pension industry, the commission adopted zero tolerance for non-compliance and consultative supervisory philosophy in the issuance of guidelines and the review of existing ones to further promote sound corporate governance in the industry and ensure the security of the pension assets.

In addition, she said, the commission in 2018, moved to a more risk-based approach to supervising pension operators by aligning its supervisory framework with that of the Financial Services Regulation Coordinating Committee.

“We believe this will promote better risk management in licensed pension operators,” she stated.

She said the commission, last year, released the framework and guidelines for the implementation of the micro pension scheme, which was targeted at increased participation of employees in the informal sector, multi-fund structure and revised guideline for fund accounting as well as revised circular for branch opening and service centre by the PFAs.


“Similarly, circulars on pension enhancement and processing procedures of deceased benefits entitlement were also released by the commission,” she stated.

According to her, the monitoring and reporting of non-compliance with regards to the implementation of these guidelines and other existing regulations remained part of the responsibilities of the compliance officers.

The acting director-general said the commission would continue with its consultative philosophy, transparency and good corporate governance in the implementation of the CPS in Nigeria.


https://punchng.com/fg-borrows-n6-16tn-from-n8-499tn-pension-fund/