PENSION

ABDUL-KHALIQ OLALEKAN The Lagos State Government, through the Lagos State Pension Commission (LASPEC)  has paid N896 million as pension entitlement for the month of June, 2016 to 256 retirees of the state civil service. The money which was paid through Retirement Benefit Bond Certificates, to benefiting retirees from the Mainstream...

By ABDUL-KHALIQ OLALEKAN Ogun State Government has re-assured the pensioners in the state of prompt payment of their pensions and improve on their welfare packages as they have worked hard and contributed their qouta to the development of the state. The State Commissioner for Finance, Mr. Adewale Oshinowo, gave this...

By ABDUL-KHALIQ OLALEKAN There are strong indications that the Federal Government’s Ministries, Departments and Agencies (MDAs), are flouting the pension regulation on Certificate of Compliance, by accepting spurious evidence of compliance from contractors, which negates the Pension Reforms Act 2014. Findings show that MDAs are hesitant in ensuring that companies...

By ABDUL-KHALIQ OLALEKAN Industrial And General Insurance Plc (IGI) has moved its corporate head office on Victoria Island, Lagos to a new location also on the highbrow island, in continuation of the restructuring process launched by the management to reposition the company for greater efficiency. IGI Plc which began operations...

By ABDUL-KHALIQ OLALEKAN Pensioners across the country, under the auspices of the Nigerian Union of Pensioners (NUP), are demanding for bailout from the Federal Government in a bid to clear their pension areas. They are requesting for a resemblance of bailout given to some states incapacitated to pay their workers'...

By ABDUL- KHALIQ OLALEKAN The insurance industry regulator, the National Insurance Commission, (NAICOM) is set to create additional insurance distribution channels to increase insurance penetration in the country. Commissioner for Insurance, Alhaji Mohammed Kari, who stated this at the 2016 Annual Chief Executive Officers retreat of the Nigerian Council of...

By ABDUL-KHALIQ OLALEKAN The Executive Governor of Osun State, Ogbeni Rauf Aregbesola, has charged insurance operators in the country to deploy resources at their disposal to facilitate quick recovery of Nigeria’s economy. The Governor, who lamented the state of Nigeria’s economy, tasked the leaderships of Nigerian Council of Registered Insurance...

  By ABDUL-KHALIQ OLALEKAN Sovereign Trust Insurance Plc has assured its numerous clients nationwide prompt payment of genuine insurance claims as at when due, even as it paid N386.9 million as claims in the first quarter of the year. A statement released by the firm and made available to Business247...

By ABDUL-KHALIQ OLALEKAN Guinea Insurance Plc (GI) recently sponsored Fitness Walk an initiative of the Chartered Insurance Institute of Nigeria (CIIN), in Lagos. The company hosted the pre-walk reception of the institute’s members at its Corporate Head-office premises at Jibowu, where the pre-walk aerobic exercise and health tips were conducted...

  By ABDUL OLALEKAN An Abuja-based Premium Pension Limited has won the 2015 BusinessToday Online Pension Company of the Year award. The award, which took place in Ikeja, Lagos saw the company winning the prestigious award for the first time. Speaking on the award, the MD/CEO of BusinessToday Online, Ms...