₦airaland Forum

hisexcellency34:
Judging by this, we must commend President Muhammadu Buhari for keeping Nigeria safe

You sound like a fool for dancing on the graves
of thousands of innocent Nigerians who have lost their lives under Buhari

edibobo:
APC Govt has killed the future of retired workers that their lifeline are on Pension because to pay back by this useless govt will not be feasible. Oh God take away this future killer govt called APC from the surface of the earth.

It's so sad, bro

Buhari is a massive scam

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/

Idris is the worst IGP in history

It will be very wrong if TRANSMISSION is not brought to book.

DLondonboiy:
I just want to see the magic Buhari wants to perform....

Will Buhari handover WHEN he loses to Atiku?

Gbagbo treatment awaits him if he tries it

baysol:
\
Actually it's the Igbo pitching themselves against the yorubas their helpers since 1971. I wonder why this now, that they think they have arrived with lions heart. Afterall, Genevieve cut her ungrateful teeth in Lagos. Nonsense.

You, are you from Lagos?

Wq

Reno makes so much sense

Shelumiel:
A stupid yoruba fool is Talking trash as usual . Please disregard him

The mumu is even talking about Elechi, I guess referring to Ebonyi state governor

Let someone remind him that if Ambode's flyover bridges is the yardstick for performance, poor
Ebonyi state has built four of such bridges in the last four years