As part of ongoing efforts to ensure timely and accurate pension disbursements, the Pension Transitional Arrangement Directorate (PTAD) has urged all pensioners to participate in its annual “I’m Alive” verification exercise, warning that non-compliance could lead to temporary suspension of pension payments.
The Directorate’s reminder comes amid growing concerns over delayed payments and fraudulent claims, with PTAD emphasising that the verification programme is crucial to safeguarding pension funds and guaranteeing that payments reach the right beneficiaries.
The exercise requires retirees to confirm their status either in-person at PTAD offices or online via approved digital platforms, using valid identification and other supporting documents. PTAD stressed that completion of the process is mandatory for continued receipt of pensions.
Speaking on the initiative, a PTAD spokesperson, Mr Olugbenga Ajayi said: “The ‘I’m Alive’ exercise is more than a routine check. It protects our pensioners and ensures that disbursements are made to the rightful beneficiaries. We urge retirees to comply promptly to avoid disruption in payments.
“PTAD’s “I’m Alive” initiative is part of the Federal Government’s broader reforms aimed at strengthening the pension system, improving digital records, and eliminating ghost pensioners. Retirees are advised to stay updated through PTAD’s official communication channels to ensure compliance and avoid unnecessary delays in payments.
“With the verification exercise now in full swing, PTAD’s call underscores the critical role pensioners themselves play in maintaining the integrity and efficiency of the country’s pension administration”, Ajayi added.
It is 28 days to the end of the year 2025 and the question begging for answer on the lip of every retiree of Treasury-funded Ministries, Departments and Agencies (MDAs) is will the National Pension Commission (PenCom) deliver on its promise to pay all outstanding debts owed under Contributory Pension Scheme (CPS).
To achieve this vow, PenCom issued N758bn bond approved by the Federal Government to clear legacy pension/back-log liabilities under scheme would be cleared with target, by year-end. According to the Director-General of PenCom, Ms Omolola Oloworaran in February this year, this is expected to cover multiple liabilities, back-payments for pension increase arrears going back to 2007; accrued pension rights owed to retirees of Federal Government Treasury-funded MDAs; shortfalls for certain categories like university professors; and arrears of gratuities.
The DG later revealed the allocation breakdown as N253 billion to clear outstanding entitlements of retirees from Treasury-funded MDAs; N388billon to unpaid pension increases since 2007; N11billion earmarked for pension shortfalls for eligible university professors to allow retirement on full salary as legally allowed; and N107 billion allocated to a Pension Protection Fund (PPF) aimed at supporting lower-income retirees.
Timeline & expectations
Early in 2025, Oloworaran said the bond would be issued within roughly three months and funds released for immediate disbursement to retirees.
By mid-2025, under a new policy labelled Pension Boost 1.0, monthly pensions for many retirees were increased, and PenCom said accrued pension rights and arrears for those who exited service up to March 2025 had been cleared.
PenCom also announced that waiting-time for pension payments had been eliminated as of July 2025; retirees should receive benefits promptly upon retirement.
In November 2025, the DG reaffirmed that once the bond matured; all outstanding pension arrears and gratuities owed pensioners would be cleared.
Despite the public assurances, key questions among retirees remain
Mr. Olumide Ajose, a retiree asked, has the bond actually been cashed and funds disbursed fully?
Another retiree, Mrs. Ndidi Okoro added, “PenCom said the bond will be converted to cash and arrears and gratuities paid before end of year but this is first week in December, we are yet to be paid”.
What’s genuinely new?
The promise that all arrears and gratuities will be cleared by December 2025 once the bond matures, not just arrears, but also lump-sum and gratuity payments is genuinely new.
Also genuinely new is the confirmation that pension payments now have zero waiting time. With this, retirees should access benefits immediately upon retirement.
Oloworaran said the commission is expanding reforms beyond arrears, including asset-diversification, extending scheme coverage informal sector, more states, and emphasis on sustainability of pension fund returns.
These points indicate that PenCom is trying to shift from just cleaning old debts to reform and modernise the retirement system though execution remains to be shown.
What this means for CPS pensioners
Findings by the newspaper show that the N758 billion bond and related reforms represent one of the clearest efforts in years to address systemic pension backlogs in Nigeria under CPS.
If fully implemented as stated, many retirees stand to finally receive years of unpaid entitlements, back-dated increases, and possibly gratuities, a major win after long delays.
But the gap between promises and delivery remains the problem. Until there is public, verifiable evidence that every eligible pensioner has been paid in full or at least a large majority, many will understandably remain skeptical.
Also, the reforms are promising but still partly aspirational, conditioned on proper disbursement and institutional follow-through.
Conclusion
Overall, PenCom DG has said the bond isn’t just a promise as they have taken steps from bond approval to issuance, payment-boost, regular monthly pension and backlog clearance, all of which shows progress towards honoring their past obligations.
It seems fair to state that PenCom under new leadership is making real progress toward fulfilling the obligations tied to the N758bn bond.
The facts going by the newspaper findings points at bond approved and issued, monthly pensions is boosted, pension payments for retirees is stable, and there are official assurances that arrears and gratuities will be cleared.
The newspaper had exclusively asked the DG in an interview last month if she was witnessing any challenge in actualizing her goals on N758billion Bond as it seems to be dragging, also bearing in mind her speed in achieving other set targets.
Responding, she said: “Yes I move with speed but you know, with government, you need approvals. There are various stages in getting things done in government and we have to follow up the process.
“Right now, we are almost at the finish line. I think we started this year, the president approved, the Bond add to be issued, and we had to go to various processes within the government to get the bond issued and then get the funding and disburse the funds.
“We are the very last stage and I can promise you that this matter will be resolved before the end of this year. It can be a lot earlier but I like to give more time because I don’t want to under deliver. So it’s going to come much quicker but before the end of this year”, she maintained.
SUNU Assurances Nigeria Plc has emerged as a top winner at the 2025 PEARL Awards, proudly receiving the Highest Share Price Appreciation Award under the Market Excellence Category.
The prestigious award was presented at the recently concluded PEARL Awards Night, held at the Lagos Oriental Hotel, Victoria Island, Lagos.
The PEARL Awards, widely recognised as Nigeria’s most credible platform for honouring outstanding companies listed on the Nigerian Exchange employ a rigorous, data-driven approach in evaluating listed firms.
The Market Excellence Award, which SUNU Assurances secured, is based on clearly measurable parameters, including share price performance, financial growth, corporate governance, and value creation for shareholders.
This award marks yet another milestone in SUNU Assurances’ journey of excellence and transformation.
The company continues to focus on sustainable innovation, responsible growth, and impactful service delivery across Nigeria’s insurance landscape.
With this achievement, SUNU Assurances Nigeria Plc reaffirms its position as a forward-thinking insurer dedicated to value, protection, and performance in Nigeria’s evolving financial ecosystem.
SUNU’s selection is a testament to its resilience, investor confidence, and commitment to customer satisfaction.
Over the last year, the company’s stock has demonstrated a strong upward trajectory, reflecting sound corporate governance, renewed market trust, and robust financial strategies that have strengthened its competitive position in the Nigerian insurance industry.
Speaking after receiving the award, Dr. Samuel Ogbodu, Managing Director/CEO of SUNU Assurances Nigeria Plc, expressed gratitude to the organizers and reaffirmed the company’s vision.
He said: “This recognition reflects the hard work of our people, the trust our customers place in us every day, and the confidence of our shareholders. We appreciate this recognition and we remain committed to delivering solutions that truly support the lives and businesses of those who depend on us.
“The 2026 edition of the Nigerian Stock Market Annual (NSMA) was also unveiled at the ceremony. It highlights the objective analysis, data metrics, and selection methodology behind the awards. We are excited that SUNU Assurances will be featured in a special two-page spread in the publication, celebrating its achievements, service offerings, and growth trajectory”, he added.
In a historic gathering of travel enthusiasts, diplomats, creatives, and business leaders, the inaugural Heirs Insurance Travel Festival drew thousands to Harbour Point, Victoria Island, Lagos, on Saturday, highlighting the urgent need for an inclusive and borderless travel ecosystem in Africa.
Under the theme “Promoting Cultural Diversity and an Inclusive Travel Ecosystem,” the festival combined cultural celebration with advocacy, urging reforms in visa policies, bilateral agreements, and travel systems to ease the financial and bureaucratic burden on African travellers.
A high-profile panel, “Passport Power and Diplomacy,” featured Brazilian diplomat Ambassador Manuel Innocencio de Lacerda Santos Junior, Angola’s Ambassador to Nigeria, Jose Bamóquina Zau, and Stephanie Busari, CEO of SBB Media and former CNN Senior Editor. The panellists stressed easier visa processes, stronger border controls, and harmonised travel frameworks to enable seamless movement across the continent.
The festival also featured a session led by popular travel creators, including Zim Erobu, Adenike Tejuoso, and Steven Ndukwu, who called for fewer travel restrictions within Africa and refunds for rejected visas, highlighting how current policies increase costs for African travellers.
The Chief Marketing Officer of Heirs Insurance Group, Ifesinachi Okpagu said the festival provides a platform to address critical challenges in Africa’s travel ecosystem.
She said: “Access, safety, and empowerment should be for everyone. We are building partnerships and platforms that make global mobility attainable, while uniting travel enthusiasts under one roof.
“The festival cements Heirs Insurance Group’s commitment to social impact, innovation, and financial inclusion. As the insurance arm of Heirs Holdings, the company continues to champion digital insurance adoption and equitable access to financial services across Nigeria and beyond”, she noted.
Leadway Assurance has reaffirmed its leadership in Nigeria’s insurance sector through a strategic partnership with the Alliance for a Green Revolution in Africa (AGRA), the National Agricultural Development Fund (NADF), and Verdure Climate to advance solutions for agricultural and climate risks.
The high-level forum,with the theme: “Accelerating Agricultural Lending to Market Actors and Smallholder Farmers using index-based agric insurance & blended finance solutions,” brought together policymakers, financial institutions, agribusiness leaders, and development experts to identify actionable strategies to strengthen Nigeria’s agricultural resilience.
Recent studies indicate that over 82per cent of Nigerian farmers remain uninsured, while climate-induced disruptions could slash agricultural productivity by 10–25 per cent by 2080, with some rain-dependent regions facing losses of up to 50 per cent. Against this backdrop, the dialogue provided a critical platform to explore integrated solutions combining insurance, credit, and climate-risk financing.
The Global Head, Agriculture Risk Solutions at Leadway Assurance, Ayoola Fatona, emphasised the company’s commitment to using insurance as a tool for financial inclusion and agricultural transformation.
He said: “We are on a mission to make insurance a catalyst for productivity, enabling farmers to access credit, adopt climate-smart practices, and recover quickly from weather-related shocks. Partnering with AGRA, NADF, and Verdure Climate allows us to co-create solutions that strengthen the entire value chain and secure Nigeria’s food systems,”.
Fatona highlighted that the forum forms part of an AGRA-supported initiative targeting Niger, Kaduna, and Nasarawa States.
“As climate risks intensify, our role goes beyond underwriting. Index-based insurance integrated with blended finance provides the transparency, speed, and scalability needed to unlock credit for both market actors and smallholder farmers.
“The collaboration underscores the need for government, insurers, financiers, and development partners to translate innovation into tangible impact for farmers, from maize growers in Nasarawa to rice producers in Niger.
“Leadway has long invested in strengthening Nigeria’s agricultural insurance framework through index-based crop insurance, public-private partnerships, and capacity-building for rural communities. Between 2024 and 2025, the company expanded coverage for thousands of smallholder farmers, enhancing financial stability and continuity in the agribusiness sector,” he added.
The Akwa Ibom State Government has dismissed allegations of media repression by Mr. Mojeed Misikilu, President of the International Press Institute (IPI) Nigeria and Editor-in-Chief of Premium Times.
Misikilu had reportedly accused the state of blacklisting Governor Umo Eno and suppressing press freedom—claims the government describes as “false, unfounded, and inconsistent with reality.”
In a statement by Commissioner for Information, Aniekan Umanah, the government challenged the IPI to present evidence of any journalist arrested, detained, intimidated, or harassed on the orders of Governor Umo Eno or any state official.
It also denied ever shutting down or sanctioning any media organisation operating within Akwa Ibom.
According to the government, Eno has maintained a “distinctly media-friendly disposition” since assuming office, earning recognition from the Nigerian Union of Journalists (NUJ), the Nigeria Guild of Editors, and several media organizations for his openness to the press. The administration noted that no journalist has been detained or prosecuted under his watch, despite occasional critical reports.
The government also refuted claims linking alleged repression to the recent recall of Channels Television correspondent Chris Moffat and camera operator Kufre Ikpe.
The statement described their redeployment as a routine administrative exercise common in both public and private organizations, and not an act of intimidation.
Highlighting what it described as its pro-media credentials, the government noted recent interventions, including the donation of 11 vehicles to the NUJ Akwa Ibom State Council and the completion of the Council’s auditorium. It added that 356 media and communication professionals currently serve in various government roles—reportedly the highest in any Nigerian state.
The statement criticised Misikilu for issuing what it called “damaging claims without investigation or evidence,” alleging bias against the administration.
It called on him to retract the report and issue a public apology, while urging the IPI to distance itself from his comments.
Reaffirming its commitment to press freedom, the government urged members of the public to disregard the allegations, stating that they do not reflect the situation in Akwa Ibom.
Managing Director, Rural Electrification Agency (REA), Dr Abba Aliyu has said several programmes being implemented by the agency are positively influencing the lives of average Nigerians.
He spoke in Lagos where he was honoured as the Public Sector CEO of the Year at the Nigerian NewsDirect 15th Anniversary and Award Ceremony.
The organisers said the prestigious award underscored the agency’s significant strides in bridging Nigeria’s energy deficit.
They said the award validated the impact of recent initiatives aimed at deploying sustainable energy solutions to unserved and underserved communities across the nation.
In his acceptance speech, Aliyu dedicated the award to the citizens benefiting from the agency’s interventions, emphasizing that the recognition extends beyond leadership to the tangible impact on the ground.
He said: “I am deeply humbled to receive this award. However, as I stated on the stage, this recognition is far bigger than one individual; it belongs to the millions of Nigerians whose lives are being transformed through access to reliable electricity. It belongs to the market woman who no longer spends half her income on diesel, to the student who can now study at night, and to the young innovator building new solutions because the lights stay on”.
The REA has recently intensified its efforts through programmes such as the Distributed Access through Renewable Energy Scale-up (DARES) and the Nigeria Electrification Project (NEP).
These initiatives focus on utilizing renewable energy to drive economic growth and improve the quality of life in rural areas.
Attributing the success of the agency to a collective effort, the MD expressed profound gratitude to the Federal Government and his team.
He said: “My sincere appreciation goes to President Bola Ahmed Tinubu, GCFR, for the opportunity to serve, and to my incredible team at the Rural Electrification Agency, the real heroes of this story. I also thank our development partners and private sector collaborators for their unwavering support”.
Addressing the guests present at the event, Aliyu used the platform to inspire the next generation and his peers in governance.
He charged Nigerian youths to embrace hard work and resilience, noting that success is accessible to anyone regardless of their background.
He further called on colleagues across the public sector to continue pushing boundaries and leading with integrity to build a prosperous Nigeria.
Other dignitaries at the event includes the Lagos State Governor represented by the Permanent Secretary, Ministry of Information and Strategy, Mr Lanre Adetokunbo Bajulaye (Man of the Year), The Olota of Ota, Oba (Prof) Adeyemi Abdulkabir Obalanlege (Royal father of the day), Chairman of Gibraltar Construction Nigeria Limited, Sir Olu Okeowo (Special guest of honour), Managing Director of Ogun-Osun River Basin Development Authority, Engr (Dr) Adedeji Ashiru (Award of Exemplary Leadership in Public Service), Hon.Benjamin Olabinjo, Member representing Ifako-Ijaiye Federal Constituency (Lawmaker of the Year), Managing Director of Fidelity Bank ably represented by the Executive Director, Risk Management, Kevin Ugwuoke, amongst other distinguished personalities.
The Rural Electrification Agency remains committed to its mandate of providing equitable access to electricity, viewing this award not as a destination, but as a motivation to accelerate its electrification targets.
The Ibadan Electricity Distribution Company (IBEDC) has resumed installation of free prepaid meter exercise under Tranche B of the Meter Acquisition Fund (MAF) and Phase 1 of the Distribution Sector Recovery Program (DISREP).
The firm said the two initiatives were aimed at closing the metering gap.
A statement by the Coordinating Head, Corporate Services of the firm, Angela Olanrewaju, explained a total of 33,450 smart meters will be deployed under the MAF Tranche B, while 22,104 meters will be deployed under Phase 1 of the DISREP.
According to Olanrewaju, the meter rollout under MAF priorities unmetered customers on Band A feeders while DISREP will prioritise both Bands A and B.
IBEDC reaffirmed that both the meters and the installation process are entirely free, warning customers not to pay any money to an installer or IBEDC staff.
The company explained that the MAF initiative is funded by IBEDC through a market-supported mechanism established by NERC to enable DisCos to close the metering gap across the Nigerian Electricity Supply Industry (NESI).
“The scheme complements the Presidential Metering Initiative (PMI) and is designed to accelerate nationwide metering. It will run concurrently with the MAP scheme, but unlike MAP, MAF meters come at no cost to customers.
“Customers do not need to apply, register, or visit our offices for the MAF scheme. Deployment is being done systematically,” the statement added.
IBEDC also urged customers to grant installers access to their premises upon presenting a valid ID during the exercise.
“Denying access for meter installation may result in disconnection as directed by NERC. We urge customers to cooperate fully so we can serve them better.”
The company further cautioned against tampering with or bypassing the new meters, stating that such acts constitute energy theft and attract serious penalties.
“Customers with outstanding arrears are encouraged to visit the nearest IBEDC office for resolution (to settle such arrears to aid seamless migration to prepayment mode).”
It stated that arrears will not disqualify anyone from receiving a free meter under this scheme.
In the complex and often unpredictable and dynamic landscape of Nigerian politics today, defined by shifting political alliances and bold reforms, few figures have stood out as much as H.E Nyesom Ezenwo Wike, the former governor of Rivers State and the current Minister of the Federal Capital Territory (FCT). For me, Nyesom Wike is not just a politician- he is a symbol of courage, determination and visionary leadership. His life and career reflect a man driven by passion for service, an unyielding spirit and an unwavering commitment to excellence in governance. H.E Ezenwo Nyesom Wike’s political influence, resilience, and ability to navigate Nigeria’s turbulent political spectrum makes him a fitting choice as my politician/personality of all time.
Born on December 13th, 1967, in Rumuepirikom, Obio-Akpor Local Government Area of Rivers state, Wike’s journey from a local government chairman, to state governor and now to the Minister of Federal Capital Territory (FCT) is a remarkable testament to hard work, focus, and sheer political will. Over the years, he has proven himself as a man who not only understands the dynamics of leadership but also possesses the ability to deliver on his promises and he also stand tall as bold and courageous leader.
As Governor of Rivers State from 2015 to 2023, Wike transformed the state through massive infrastructural development, urban renewal projects, and improved public services. His administration as governor of Rivers State earned him the name “Mr. Project” – a title well deserved, given his unmatched record in road construction, healthcare development, education and urban beautification. Under his leadership, Rivers State witnessed the construction of world-class flyovers, bridges and public buildings that changed the face of Port Harcourt and environs.
Beyond infrastructure, Wike also showed uncommon boldness in political engagements, he spoke truth to power, defended his convictions and stood firm even in the face of opposition. His outspokenness and fearless disposition have made him one of Nigeria’s most talked-about political figures-a man whose opinions shape national conversations.
Wike has demonstrated an uncommon ability to command relevance beyond his home base, ensuring that his voice is not just heard but felt across the sphere of national politics. As governor, he left a legacy of infrastructural development and bold leadership in Rivers State and his transition to the national stage has proven most remarkable. From shaping debates within his party, to forging unexpected alliances, Wike has shown a rare political instinct of balancing loyalty with pragmatism. The hallmark of his political strength lies in his fearless approach, whether challenging entrenched interest, or speaking bluntly on issues others shy away from, Wike embodies a brand of politics that is direct, assertive, and unapologetically people-centered. His stewardship of the FCT has further underlined his capacity to deliver results, with visible transformations in administration, security, and infrastructure. Under his leadership today, the FCT is facing an entire overhaul of infrastructural development like never before.
At the FCT, Wike has brought a hands-on leadership style that has delivered visible changes in city planning, infrastructure, administration, and security. His ability to cut through bureaucratic inertia and drive results is rare trait in a political environment often plagued by hesitation. Of course, Wike remains a polarizing figure, his methods are sometimes criticized as combative, and his bluntness often unsettles allies and opponents alike, yet, even his critics acknowledge his effectiveness. In a political climate often defined by passivity and indecision, Wike’s decisiveness is refreshing. Wike’s blunt rhetoric and uncompromising approach can unsettle even close allies. Yet, in democracy where timidity too often replaces boldness, Wike’s decisiveness stands out both refreshing and effective. His commitment and loyalty to friendship is second to none, unless betrayed (as in the case of Tambuwal during 2023 PDP’s presidential primary election).
Wike’s political skill also lies in his uncanny ability to remain relevant regardless of shifting dynamics. A key broker in the 2023 elections, his alliances and decisions altered the balance of forces in the ruling and opposition parties alike. His voice continues to carry weight, not just in Rivers State, but across the federation when majority of the former governors of his era have moved into political oblivion.
By naming or recognizing H.E Nyesom Ezenwo Wike as my Personality of all time, I recognize not perfection (because no human being is) but his undeniable impact on the Nigeria’s political narrative in 2025, my long-time love and admiration of his person, style of politics and leadership. He has redefined relevance, proven his staying power, and confirmed himself as one of the most influential figures shaping Nigeria’s democratic journey. In Nigeria’s ever-demanding political landscape, Wike has once again proven that courage and clarity are indispensable qualities of enduring relevance. What makes Nyesom Wike my personality of all time is his ability to lead with both vision and courage. He embodies the qualities of a true leader- one who inspires, delivers and stand tall in the storm. His achievements and resilience remind me that greatness is born from hard work, confidence, and an unwavering belief in one’s purpose.
In a nation yearning for bold leadership, Wike’s rise and continued dominance underscore a timeless truth: politics rewards those who combine vision with courage. For that reason, H.E Nyesom Ezenwo Wike earns this distinction as my Personality of all time- a man whose legacy of leadership and courage will continue to inspire generations to come.
Wike the conqueror, the champion, the lion….
“As e dey sweet us, e dey pain dem”
Wike, you’re my favorite personality any day, any time!!!
Rilwan is a university lecturer; he wrote from Bauchi.
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