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Abia Grapples With N21bn Pension Arrears, Says Commissioner

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The Abia State Commissioner for Finance, in Abia, Mr Aham Uko, says the state is putting pragmatic measures in place to offset a whooping N21 billion pension arrears.
Uko made the disclosure when he briefed newsmen in Umuahia on a fresh biometric verification of pensioners by the ministry, which kicked off in different parts of the state on Monday.
He said that the exercise was part of the measures designed to “remove irregular names” from the list and ascertain the exact number of genuine pensioners.
He further said that the verification was exclusive to state government and primary school retirees and entailed fingerprints and facial capturing of the pensioners.
The commissioner said that the 10-day exercise would end on March 27 to enable the ministry to pay the March pension to successful pensioners.
Uko said: “Government deemed it fit to conduct the biometric verification for pensioners to ascertain who the genuine pensioners are.
“The essence is to regularise and update the list of pensioners and remove the names of dead pensioners.
“Government’s intention is to ensure regular and seamless payment of pensions.”
He regretted that the ministry still had the names of dead pensioners running for upward of 10 years, adding that normally such beneficiaries “should not benefit beyond five years.”
He said that the exercise would help the government “to establish the quantum of arrears and be able to appropriate funds to liquidate the arrears in the coming months.”
The commissioner said that 55 persons were trained to run the exercise, adding that the ministry procured a server, plus a virtual server, for data storage at the end of the programme.
He said that arrangements were made to accommodate genuine pensioners, who travelled outside Nigeria.
“We made provision to capture spillovers, especially genuine pensioners outside Nigeria,” he said, adding that such persons should supply the vital information via the ministry’s website.
Uko said that plans were underway to also introduce Bank Verification Numbers to avoid duplication of names, in addition to creating a database for pensioners.
The commissioner said that the verification would help the ministry to have a comprehensive list of all the retirees, including those that retired from November 2019 to February.
He said that a list from Establishment and Pensions showed that the state’s monthly pension bill stood at N510 million before October but got reduced to N380 million after manual verifications.
“By the time we succeed in removing all the irregular names, the arrears would further come down.
“The ultimate objective is to ensure that after the verification, pensions would be paid as and when due,” he said.
The commissioner said that the ministry would extend the biometric verification to local government pensioners at the end of the ongoing exercise at the state level.
He also said that a similar verification would be conducted for the state civil servants in line with the government’s plan for automated salary payment to workers.
“By the time we automate salary payment, we shall no longer need the payroll officers and Directors of Finance to prepare salary schedule before we can pay salaries, except when there are transfers and promotions,” he said.
He said that adequate arrangements were put in place, including the provision of refreshment, free medical services and counselling, to make the verification stress-free for retirees.
Uko also spoke on the lingering inability of the government to pay gratuity to retirees, saying that he had not received the governor’s authorisation on that.
He said that government’s major concern presently was to stabilise and regularise the payment of pensions.
According to him, after that, government may begin to work out a strategy to set aside funds for the gradual payment of gratuities.

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PENGASSAN Tasks Multinationals On Workers’ Salary Increase 

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The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has asked companies in the oil and gas sector to undertake urgent review of salaries of their workers in view of the prevailing harsh economic conditions in the country.
Also, the pensioners of Chevron Nigeria, under the aegis PenCoN, have lauded the President of PENGASSAN, Comrade Festus Osifo and his executive on their unrelenting efforts toward addressing pension abnormalities faced by retired workers in the oil and gas industry.
The association also appealed to the federal government to take necessary measures to check banditry and terrorist activities in parts of the country.
PENGASSAN President, Osifo who addressed journalists shortly after the National Executive Council meeting of the association in Abuja, at the weekend, said that though a lot of success has been recorded in negotiating salary reviews for its members, there are still organisations that have failed to lift their workers from the present harsh economic situation.
He said within this period, PENGASSAN has signed numerous Collective Bargaining Agreements (CBAs) which has brought smiles to the faces of its teeming members.
“This is because we recognise that our job, literally, is how to protect the job of our members, and how to enhance their pay,” he said.
Osifo said that operators in the oil and gas sectors always go for the best qualified professionals to carry out their operations.
“So, the same way they recruit the best, we also challenge them to provide the best condition of service and provide the best remuneration.
“Yes, today, a lot of companies will have achieved successes, but there are still few that we are still discussing at their CBAs, that we are not yet there.
“We still use this opportunity to call on these companies that are still foot dragging, that are still holding back, even with the massive devaluation that has occurred in our country, that still don’t want to fix the remuneration of our members.
“We are calling on them to do the needful, because for us in PENGASSAN we will push without holding back. We will push, using everything in our arsenal, to ensure that the needful is done,” he said.
Osifo spoke of the dispute with the Dangote Refinery group, saying there are still pending issues to be resolved.
“Gentlemen of the press, during the networking session, we also looked at the issues that are plaguing some of our branches, and you know that recently, we had some challenges in Dangote Refinery and PetroChemicals Ltd.
“And within this period, since our last National Industrial Action, we have been engaging them in a lot of conversations, but the issues are not fully resolved. There are still a lot of pending issues.
“Yes, the NEC decided that, yes, let us still consummate that process by pushing those issues, by engaging in dialogue to resolve the issues, and by also engaging all our social partners and stakeholders to get the issues resolved,” he said.
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SEC Unveils Digital Regulatory Hub To Boost Oversight Across Financial Markets

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The Securities and Exchange Commission (SEC) has launched the Regulatory Hub, a new centralized digital platform designed to streamline collaboration, strengthen oversight, and improve transparency across Nigeria’s financial and capital market ecosystem.
The Commission disclosed this in a statement posted on its website.
According to the commission, the platform connects key regulatory and security institutions including the Office of the National Security Adviser (NSA), the Central Bank of Nigeria (CBN), Economic and Financial Crimes Commission (EFCC), Federal Inland Revenue Service (FIRS), and Corporate Affairs Commission (CAC), enabling them to exchange information securely and in real time.
The launch of this regulatory hub comes ahead of the implementation of new tax laws in January 2026, with agencies such as the FIRS spreading its tentacles across sector to monitor compliance.
According to the SEC Director-General, Emomotimi Agama, the launch marks a significant step toward modernizing Nigeria’s regulatory framework through technology.
“The Regulatory Hub is a major step in our commitment to leverage technology for stronger regulatory synergy. By connecting regulators on one platform, we are building resilience, enhancing market integrity, and promoting investor confidence,” he said.
The SEC said the platform would help reduce bottlenecks in regulatory processes and facilitate faster, more informed decision-making across agencies.
Reinforcing the DG’s comments, the Executive Commissioner, Operations, Bola Ajomale, highlighted the operational benefits of the new system.
“The platform will significantly improve the timeliness and quality of regulatory decision-making. It provides a single window for regulators to share data, respond to requests, and collaborate seamlessly in safeguarding our financial and capital markets,” he said.
The commission believes the Regulatory Hub would support its broader mandate to strengthen investor protection, enhance market stability, and harmonize regulatory activities across the financial sector.
It urged stakeholders to initiate interest by emailing the Commission, adding that once registered, participants would be able to access the Hub and take advantage of its features.
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NAFDAC Decries Circulation Of Prohibited Food Items In markets …….Orders Vendors’ Immediate Cessation Of Dealings With Products 

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The National Agency for Food and Drug Administration and Control (NAFDAC) has raised an alarm over the growing circulation of banned food products across markets in the country.
The agency, in a Press Release dated 6 December 2025, warned that these items including pasta, noodles, sugar and tomato paste are expressly listed on the Federal Government’s Customs Prohibition List and are illegal to import.
NAFDAC stated that the sale and distribution of such prohibited items violate national trade laws, compromise the integrity of Nigeria’s food control system, and pose significant public health risks, as they have not undergone the agency’s mandatory safety and quality evaluations.

Importers, market traders, and supermarket operators have therefore, been directed to immediately cease all dealings in these items and to notify their supply chain partners to halt transactions involving prohibited products.

The agency emphasized that failure to comply will attract strict enforcement measures, including seizure and destruction of goods, suspension or revocation of operational licences, and prosecution under relevant laws.

The statement said “The National Agency for Food and Drug Administration and Control (NAFDAC) has raised an alarm over the growing incidence of smuggling, sale, and distribution of regulated food products such as pasta, noodles, sugar, and tomato paste currently found in markets across the country.

“These products are expressly listed on the Federal Government’s Customs Prohibition List and are not permitted for importation”.

NAFDAC also called on other government bodies, including the Nigeria Customs Service, Nigeria Immigration Service(NIS) Standards Organisation of Nigeria (SON), Nigerian Ports Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA), Nigeria Shippers Council, and the Nigeria Agricultural Quarantine Service (NAQS), to collaborate in enforcing the ban on these unsafe products.

By: Lady Godknows Ogbulu
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