Business
PenCom Cautions Pensioners Against Kickbacks
The National Pension Commission (PenCom) has urged pensioners and pension contributors not to give any inducement to facilitate the payment of their retirement benefits and issuance of compliance certificates.
A statement signed by the Acting Director-General of PenCom, Mrs Aisha Dahir-Umar in Abuja last Saturday said the warning was to prevent pensioners and pension contributors from being duped.
The commission said pensioners and pension contributors should hint it about anyone who demands bribe or any form of inducement in whatever form from them
PenCom said it was dedicated to safeguard the rights of pensioners and pension contributions and the payment of retirement benefits as and when due.
“PenCom, as the regulator of all pension matters in Nigeria, has entrenched good corporate governance practices, high ethical standards and zero tolerance to any form of malpractice in the conduct of its staff and the PFAs that manage the pension assets.
“In this regard, the management and staff of the commission do not receive money or any other gratification to facilitate the payment of retirement benefits, issuance of Compliance Certificates and engagement of vendors and service providers.
“The commission does not also accept kickbacks from any individual or organisation in the discharge its responsibilities,’’ it said.
The commission stressed that upon it establishment, it introduced a robust institutional framework and reforms for the administration of pension in the country.
“The reform has instituted transparent processes in the operations of PenCom and the Pension Fund Administrators (PFAs) in retirement benefits payments.
“Also the enforcement of compliance with the provisions of the Pension Reform Act (PRA), 2014 as well as other operations of the industry,’’ PenCom said.
The commission said consistent with the above, the payment of retirement benefits under the Contributory Pension Scheme (CPS) is made by the PFAs strictly from the Retirement Savings Accounts (RSA) of pension contributors.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
Opinion4 days ago
Marked-Up Textbooks:A Growing Emergency
-
Oil & Energy4 days ago
Dangote Refinery Resumes Gantry Self-Collection Sales, Tuesday
-
News4 days ago
Scrap JAMB Age Limit Admission, Parents Beg FG
-
Sports4 days ago
Sunderland Keep Villa Winless
-
News4 days ago
Fubara’s Return Excites NCSU … As Hope Rises For Civil Servants
-
Opinion4 days ago
Man and Lessons from the Lion
-
Oil & Energy4 days ago
How Solar Canals Could Revolutionize the Water-Energy-Food Nexus
-
News4 days ago
CJN To Swear In 57 New SANs, Sept 29