Monday, September 15, 2025
23.9 C
Lagos

Nigeria Releases N14bn for Payment of Accrued Pension to 2022 Retirees

Aisha Dahir-Umar

Director-General

National Pension Commission (PenCom)

The Nigerian Government has released the sum of N13.89 billion for payment of accrued pension rights to retirees who left the public service in 2022.

A statement by the National Pension Commission (PenCom) states that the pension payment is for retirees in treasury-funded Ministries, Departments and Agencies (MDAs).

The Commission promised that it is processing remittances into the various Retirement Savings Accounts (RSAs) of the affected retirees while their Pension Fund Administrators (PFAs) are expected to notify such retirees at the appropriate time.

PenCom commended President Muhammadu Buhari for his unwavering commitment towards effective implementation of the Contributory Pension Scheme (CPS) in Nigeria to ensure better life for retirees.

spot_img
spot_img

Hot this week

AIICO Insurance Unveils Recycling Project for a Greener Future

  AIICO Insurance Plc is stepping up its commitment to...

New WAIFEM DG, Baba Musa, Plans to Build Next Generation of Economic Leaders

The Director General of the West African Institute for...

39 Graduates Begin Chevron-Intels NC-HCD Programme to Boost Maritime Sector

Capacity building for Nigeria’s maritime sector received a boost...

Ex-Oil Minister, Kachikwu, Seeks Increase of NCI Fund to $1bn, Timeline for Developing Oil Blocks

The former Minister of State for Petroleum Resources, Prof....

ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

The Securities and Exchange Commission (SEC) has unveiled plans...

Topics

CITN Pays Courtesy Visit to Sovereign Trust Insurance

From L-R: Kayode Adigun, GM, Finance and Corporate Services,...

Zenith Bank Expands Global Footprints with Inauguration of Paris Branch

L-R: Mr. Wale Edun, Minister of Finance and Coordinating...

WorldRemit Partners Lebara on Money Transfer Service to Africa

Lebara and WorldRemit, two leading brands serving international residents,...

Emirates – A Flight of Fortune

The story of Emirates is no less fascinating each...

NSE Unveils Recruitment Portal to Target Top Talent

The Nigerian Stock Exchange (NSE) has launched an online...

WEF, City of Helsinki: Human-centric Approach Data for Global Progress

  The World Economic Forum and the City of Helsinki...

Vodacom Seeks Operators’ Collaboration to Improve Quality of Service

L-R: Managing Director Telecom Advisory Services, Ambrose Nwadike; Chairman...
spot_img

Related Articles

Popular Categories

spot_imgspot_img