Author: The Nation

  • Monarch confers chieftaincy title on Indian philanthropist

    Monarch confers chieftaincy title on Indian philanthropist

    The Oba of Odi-Olowo in Mushin, Lagos, Oba Sikirullah Ayinde, has conferred a chieftaincy tittle of ‘Boba Selu Odi-Olowo’ to an Indian philanthropist, Mr. Krishnamurthy Kannah.

    According to Oba Ayinde, this was done in recognition of Sivashankar’s humanitarian contribution to the community for 53 years.

    The conferment which took place at the Oba’s palace in Odi-Olowo, had in attendance dignitaries from India and community heads.

    Kannah thanked the community for finding the honour.

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    “This is my first chieftaincy title. I am so happy to be a Nigerian. I am used to Nigerian culture and the climate. The whole thing was arranged by my chairman, a retired Captain. We’ve been together for the past 42 years. This is my 53 years in Nigeria. He is a source of encouragement. For me, simplicity is the best attribute anyone can possess,” he said.

    Kannah’s daughter in-law Mahalakshminayaki, described him, as a philanthropist, adding that the family would serve the community holistically.

    “My father in-law has lived in this country for 53 years. He has done so many good things to the people. He is a big philanthropist. He has offered scholarships to students. We would do more. We will support women and children education.

    “We are ready to provide whatever the community requires from us. We will provide them. We will look into children’s education. We are going to provide them with books. Serving the community is our utmost priority. We will also look into hospitals, supply medicine and medical support,” she noted.

    A Consultant in charge of Revenue in Mushin Local Government and Chairman, University of Lagos Akoka (UNILAG) Alumni Lagos state chapter, Owoeye Adedeji, described the tittle as a significant one

    “The tittle is very significant for a man who has contributed to the community for years.

    As a bonafide Odi-Olowo son, I feel there’s need for development to come to my local government. That was why I decided to be part of it. As time goes, you would see his good works.

    “Whatever they can do to uplift Odi-Olowo, will be welcomed. It’s not about government, it’s about individuals and every entity that resides in this community,” he said.

    Kamarudeen Olatunde, a retired captain, said: “I am happy because he deserves it. For the years he has been in this country, he has contributed greatly to the development of this country, He will manage the tittle very well because he’s a very generous man. He’s a philanthropist. He has good intentions. He’s going to contribute greatly to the development of Odi-Olowo. I also give credit of today to Owoeye.”

  • Council boss re-opens Oke-Odo Market

    Council boss re-opens Oke-Odo Market

    The Chairman of Agbado/Oke-Odo Local Council Development Area (LCDA), David Famuyiwa, has ordered the re-opening of the popular Oke-Odo Market which was forcefully shutdown on Wednesday due to tussle between miscreants in market.

    This was contained in a statement by the council’s Head of Public Affairs, Mohammed Omotayo.

    He said Famuyiwa alongside the Divisional Police Officer (DPO), Lekan Ogundare, a Chief Superintendent (CSP) while inspecting the security state of the market, expressed their displeasure at the state of food items perishing away due to the closure of the market.

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    He enjoined traders at the Bola Ahmed Tinubu Modern Market Oke-Odo; Kotangowa Market and Abule-Egba, to remain calm and continue their businesses as the Lagos State Government has deployed enough security personnel to maintain peace at the closed refuse dump site between the two markets where scavengers known as “bowler boys” engaged themselves over trivial issues.

    According to him, security team had brought the crisis under control, while the bowler boys had been evacuated from the dump site in the area.

    The council chief advised the market leaders to ensure that nobody is allowed to sleep in market, adding that all head porters and wheel barrow pushers must be identified and duly registered.

    “Leaders of the various ethnic groups must be ready to take responsibility for the inadequacies of their members,” he said.

  • Igbogbo-Baiyeku disburses N20m to 1,000 residents

    Igbogbo-Baiyeku disburses N20m to 1,000 residents

    By Ameenat Ilyas

    The Chairman of Igbogbo-Baiyeku Local Council Development Area (LCDA), Bldr. Olusesan Daini, has disbursed N20 million to 1,000 residents.

    Tagged: Social Intervention Relief Funds, Daini said it was meant to cushion the effect of economic hardship.

    He detailed the government’s dedication to assisting residents in overcoming economic hardship aggravated by the removal of subsidy.

    He said the gesture would provide relief for the beneficiaries.

    Daini outlined the distribution process, stating that 500 individuals received N20,000 each during the event, totaling N10 million.

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    He announced plans to reach an additional 500 beneficiaries, ensuring inclusivity by surprising residents in various marketplaces and communities within the council.

    The council boss said the beneficiaries were selected in collaboration with traditional institutions, market associations, religious bodies, youth councils, and student unions to ensure transparency and inclusivity.

    He reassured residents of the administration’s commitment to improving their quality of life, urging collective perseverance in realising the envisioned transformation.

    The All Progressives Congress (APC) chairman in Igbogbo Baiyeku LCDA, Alhaji Taiwo Orenuga, thanked Daini for his dedication to the welfare of residents.

    Orenuga praised the council chairman for organising a fund relief programme aimed at assisting vulnerable members of the community.

    Daini, he said, has consistently upheld the principles of the party, ensuring that the welfare of citizens remains a top priority.

    Highlighting the chairman’s inclusive approach, Orenuga emphasised that Daini’s initiatives extend beyond partisan lines, reaching out to all residents irrespective of their political affiliations.

    APC Apex leader in Ikorodu and a member of Lagos Governor’s Advisory Council (GAC), Asiwaju Olorunfunmi Basorun, appealed to residents to be patient with President Bola Ahmed Tinubu’s administration.

    He assured them that better days are ahead.

    Asiwaju Basorun hailed Daini for the initiative.

  • How to  handle Parkinson’s disease , by experts 

    How to  handle Parkinson’s disease , by experts 

    There is a need for an integrated care model to ensure timely and effective treatment of Parkinson’s disease,  Special Adviser to the Governor of Lagos State, Dr.  Kemi Ogunyemi has said.

    She spoke at the second annual symposium organized  by Adewunmi Desalu Parkinson’s Foundation (ADPF). The symposium is  to advance dialogue and initiatives for Parkinson’s disease care and awareness in Nigeria. It was held at ADPF Centre, Surulere, Lagos.

    The event, held under the theme: “Educating, Engaging, and Empathizing: Building a Supportive Ecosystem for Parkinson’s Awareness and Care,” brought together key stakeholders, experts, and advocates to advance dialogue and initiatives for Parkinson’s disease care and awareness in Nigeria.

    The symposium marks a significant milestone in advancing dialogue and initiatives for Parkinson’s disease care and awareness in Nigeria.

    The sessions covered  a spectrum of topics, from innovations in Parkinson’s care to community empowerment and fundraising efforts.

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      Mrs.  Ogunyemi stressed the pivotal role of governmental support in advancing Parkinson’s awareness and care.

    She advocated for an integrated care model to ensure timely and effective treatment, emphasizing collaboration across healthcare levels.

    She said: “There’s a need for an integrated care model which will consolidate services across different levels of Nigeria’s healthcare system from primary care physicians who first see symptoms to specialists like neurologists who manage more complex aspects of the disease.”

    Panel sessions delved into innovations in Parkinson’s care within Nigeria’s healthcare system and the significance of community engagement beyond medical interventions.

    Experts highlighted the importance of multidisciplinary care models and inclusive initiatives in combating stigma and fostering holistic

    Consultant Physician/Neurologist,  representing the Lagos State Health Service Commission, Dr. Oladunni Abiodun emphasized collaborative efforts among government agencies, private organizations, and NGOs to enhance Parkinson’s care and support services in Nigeria.

    She highlighted the Lagos State Health Scheme, offering affordable healthcare access to citizens.

  • A rebirth for arts, culture, creative economy

    A rebirth for arts, culture, creative economy

    By Dr. Deji Ayoola

    Beyond a seeming cosmetic spruce-up, the new Federal Ministry of Arts, Culture and Creative Economy, FMACCE, actually benefits from a fundamental vision tweak and structural reconceptualization from which the impactful achievements it has recorded within a year flow.

    A baby of the “Renewed Hope Agenda” and rigorous visioning by President Bola Ahmed Tinubu’s new Nigeria that works, FMACCE, under the circumspect guidance of the youthful minister, Barr. Hannatu Musa Musawa, has chalked up some key achievements as of Q1 in 2024, less than a year since she gracefully set sail at the instance of the President.

    “As a nation, we are trying to diversify from oil, and the creative economy is a strong alternative as the new oil because the future of the country depends on the creative sector.

    “Nigerian creatives all over the world are doing great things and that is why our ministry is set to be a beacon of creativity, innovation, and inclusivity,” the sure-footed lawyer, Musawa, recently told her audience in a keynote address at the opening of the 2024 management retreat for the ministry workers and its agencies in Abuja.

    Cutting to the heart of her mandate, she further stated that, “We play a critical role in shaping the creative and cultural landscape of our nation while promoting and preserving Nigeria’s rich cultural heritage.

    “Since the establishment of the Ministry by President Bola Tinubu, we have witnessed remarkable achievements and milestones, thanks to the dedication and passion of our predecessors and key stakeholders within the sector.

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    “From the establishment of cultural institutions to the implementation of landmark Policies, Project and Programmes, our Ministry has been and will continue to be at the forefront of driving positive change and transformation.”

    FMACCE is committed to aligning itself with the presidential priorities enunciated by President Tinubu for Ministers and top government functionaries back in November 2023. These include reforming the economy to deliver sustained inclusive growth, strengthening national security for peace and prosperity, boosting agriculture to achieve food security, among others.

    Musawa nailed it when she insisted that, “The Art, Culture, and the Creative Economy sectors have a crucial role to play in achieving these priorities and are critical drivers of economic growth and job creation. By ensuring the development and continued investment in these sectors, we can harness their potential to stimulate innovation, promote entrepreneurship and attract investments, thereby contributing to the diversification and resilience of our economy.”

    With notable clarity and emphasis, she reaffirmed her Ministry’s commitment to working together to ensure that the efforts that birthed FMACCE are consolidated and institutionalised. Significantly, Musawa who boldly proclaimed that the creative economy is Nigeria’s “new oil” has kept her pledge, mirrored in the impressive, critical grounds FMACCE has covered on her watch, despite the bracing challenges.

    As the administration of President Tinubu marks its first anniversary in office, it will be pertinent to track its governance progress. It is a good opportunity to beam the searchlight on the achievements of FMACCE.

    Under Musawa’s stern watch, the FMACCE, as at the first quarter [Q1] of 2024, recorded a total of 1,005 individuals trained in professional development programs in the creative sub-sectors through NICO, National Theatre, NFC, NFI, NGA, MOWAA. It has also recorded a total of 103 trainees trained in cultural and creative academies established in partnership with higher institutions. These remarkable positives come under capacity building/training of individuals across the creatives sector.

    The Ministry has also embarked on PPP for infrastructure renovation/construction. The ongoing renovation of the National Theatre through PPP with the CBN & The Bankers Committee.

    On crucial partnerships and collaboration front, it has Commenced mapping of potential domestic and international partnerships and collaborations across all sub-sectors. It has signed MOUs for partnership with the Recording Academy (Grammy’s); the International Council on Monuments and Sites (ICOMOS) in collaboration with NCMM, ABU Zaria, and AUN Yola.

    On the critical job Creation, the Ministry has recorded a total of 257,754 new jobs created. In terms of its contribution to the nation’s GDP, it has scaled up GDP contribution share by 0.37% from 1.3% to a current GDP share of 1.67%.

    Within the period of assessment which is under a year, FMACCE has increased the number of Nigerian Cultural Heritage on UNESCO Representative List by two. These include the Sango Festival Oyo and Midwifery.

    On the Soft Power front, FMACCE has spearheaded the increase in Nigeria’s cultural influence which expanded from 2.5% to 46% and also recorded increase in Nigeria’s cultural influence which also expanded from 2.5% to 46%. It further recorded increase in Nigeria’s Brand Perception Index from 1.5% to 18%.

    In terms of stakeholder engagement, it conducted 18 stakeholder engagement events with the public through Industry stakeholder workshops, CEBAAC and NGA.

    Against the foregoing backdrop, it is indeed indisputable that the creative economy is a fountain of opportunities, a wellspring of economic growth, and a catalyst for societal transformation. It is also a testament to the ingenuity of Nigerians, the richness of her cultural heritage and the boundless imagination that defines it as a nation. The FMACCE boss has nimbly demonstrated this and promises even more.

    It was then not surprising that looking ahead, the Minister, FMACCE, has solemnly pledged that her ministry will facilitate the creation of two million jobs for the employment of qualified Nigerians.

    Hear her: “We are trying to diversify from oil through the creative industry. Job creation is key and we want to create and contribute 2 million jobs by 2027. We want to increase the GDP of Nigeria by 100 billion dollars by 2030. It is doable. We are going to work round the clock to ensure we are able to do that.”

    Clearly, President Tinubu, through the reconceptualization and creation of the new FMACCE, has demonstrated his genuine commitment to supporting the growth and development of the Art, Culture, and the Creative Economy Sectors. He clearly recognizes the vital role these sectors play in the national development agenda.

    It’s then little wonder that President Tinubu has peered into the future and proclaimed his administration would create a trillion-dollar economy in ten years. For Doubting Thomases, it could be readily recalled that the US State of California recorded over three trillion-dollar GDP in 2023 by leveraging its human and technological resources.

    Leaning on his “Renewed Hope Agenda,” the emerging consensus is that indeed President Tinubu can leverage Nigeria’s population and resources to build a trillion-dollar economy within the next decade.

    The President had noted that achieving his ambitious goal of creating a trillion-dollar economy in ten years can be further facilitated by ongoing efforts on job creation, access to capital for SMEs, inclusiveness, the rule of law and the fight against insecurity, hunger, poverty and corruption. Barr. Musawa is certainly a key player in that compelling big picture.

    What’s more. The FMACCE boss Musawa has demonstrated a special awareness and knows it’s no secret that today, the world, Africa and Nigeria stand on the brink of substantial disruptions – and also of considerable opportunity – as new governance, political and business models challenge traditional playbooks.

    She has demonstrated capacity, competence and compelling leadership in her previous engagements. The FMACCE under her watch as well as the nation are already benefiting from these critical capabilities as she drives the creative economy.

    •Dr. Ayoola, a Cultural Anthropologist, writes in from Lagos

  • In Sanwo-Olu’s Lagos, workers are reaping rewards here on earth 

    In Sanwo-Olu’s Lagos, workers are reaping rewards here on earth 

    By Ibrahim Adesokan

    The conversation on the new minimum wage for Nigerian workers has become a topical national issue since Wednesday, May 1, 2024. The commemoration of this year’s International Workers’ Day again brought to the frontburner the lingering wage issue and attendant problems. The various labour unions, particularly, the Nigerian Labour Congress, NLC and Trade Union Congress, TUC and their affiliates have been hellbent at forcing the federal government to open negotiation on the 615,000 minimum wage proposal they put forward for the government, despite the announcement of certain increments in salaries for public servants. 

    In the midst of the confusion, the government of Mr, Babajide Olusola Sanwo-Olu of Lagos State towered high in terms of workers’ welfare and providing an enabling environment for state workers to thrive. At the Mobolaji Johnson Sports Arena, Onikan, the venue of the May Day commemoration ceremony, Governor Sanwo-Olu reiterated his readiness to implement and pay the new minimum wage that will be decided by the Federal Government.

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    Governor Sanwo-Olu who was applauded by the union leaders in the state for his pro-workers policies and various interventions he had put in place to cushion the impact of the economic hardship on the workers, said: “This year’s theme, ‘People First,’ resonates deeply with our administration’s philosophy, which is underpinned by our firm belief in prioritising the welfare of our people.

    “Through various measures, policies, and initiatives, we have demonstrated that the interest and welfare of the people come first and remain the ultimate goal of all our actions. Our response actions are geared towards mitigating the impact of these trying times and offering support to both our workers and citizens alike.

    “We have been steadfast and intentional in implementing our social intervention programmes, providing crucial assistance to those in need throughout the state. From subsidised food items through our Ounje Eko, and Eko Cares initiatives to incentives on social services, we have made tangible differences in countless lives.

    “Healthcare initiatives that ensure access to quality medical services for all, transportation support, and educational opportunities for our children exemplify our commitment to creating a Lagos where everyone has a fair chance to thrive. Our dedication to putting people first extends beyond mere words.”

    Speaking further on his administration’s commitment to workers’ welfare, Governor Sanwo-Olu added that : “As we look towards the future, I want to reaffirm our commitment to building a more inclusive and equitable society in which the interests of workers receive the attention it deserves.

    “We will continue to invest in education, training, and skills development to equip our workforce with the tools they need to succeed in their places of work because we recognize the vital role that workers play in driving progress and prosperity in our society. And we pledge to build a future where every worker is respected, empowered and able to live with dignity and pride.”   

    The Chairperson of NLC, Lagos State Council, Comrade Agnes Funmi Sessi and her TUC counterpart, Comrade Gbenga Ekundayo, praised Governor Sanwo-Olu for making workers’ welfare a priority of his administration, attesting that under the leadership of Governor Babajide Sanwo-Olu, the Lagos State Government has implemented a plethora of social intervention programmes that are targeted at enhancing the well-being of the populace.

    In her words, Sessi said: “Let me use this unique occasion of May Day to commend and appreciate our Mr. Governor, Babajide Sanwo-Olu, for all his interventions to cushion the effect of the economic problems and ameliorate the suffering of the workers in the State.

    “We all witnessed his policy on the last reduction in BRT transportation, the setting up of a discounted food mart, the three-day working policy, the payment of a 20 percent increment in salary, the full implementation of N35,000 Wage Award as approved by the Federal Government, and prompt payment of salary.”

    Ekundayo commended Governor Sanwo-Olu for his prompt action in implementing the Wage Award for all public servants in Lagos State, noting that the swift response has provided much-needed relief to mitigate the adverse combined effects of the recent subsidy removal and devaluation of the Naira.

    “Lagos has been at the forefront of implementing welfare programmes that positively impact workers, and your (Governor Sanwo-Olu) dedication to this course is deeply appreciated. Your commitment to prioritising the welfare of your people is perfectly aligned with our core belief of placing citizens first,” he said.

    Lagos has set the pace  and standard in industrial harmony. Governor Sanwo-Olu has demonstrated repeatedly that he is indeed committed to the welfare of the Lagos workforce. The pronouncements at the May Day event at Onikan were not just political statements, they are facts and solid promises premised on the track record of honesty and transparency which are the anchors of the relationship of the Governor Sanwo-Olu and the respective labour union affiliates in Lagos State.

    In assessing the general welfare of the workers, it cannot be done in isolation. The infrastructure and massive social support programmes provided by the state government also contribute to ameliorating the plights of the workers. The subsidy on public transportation, including public buses, rail and ferries go a long way in reducing the burden of cost of mobility to work and other destinations. The transportation cost that should have utterly depleted the take-home of workers have been cushioned through the intervention.

    Ditto for cost of healthcare, public hospitals in Lagos State which are adjudged efficient by many Lagosians also provides succor to the vulnerable members, including workers, through Governor Sanwo-Olu’s intervention to reduce the cost of medicare and certain categories of drugs in response to the record economic hardship that many Lagosians are facing.   

    In the education sector as well, many workers whose children are in Lagos State-owned public tertiary institutions are also benefiting from special bursary and scholarship schemes of the Babajide Olusola Sanwo-Olu administration.

    So, the accolades and commendations showered on Governor Sanwo-Olu by the workers are true reflections of his contributions to the general well-being of Lagosians, workers inclusive.

    •Adesokan writes from Mushin, Lagos State

  • PTAD: Resolving pensioners’ issues

    PTAD: Resolving pensioners’ issues

    AYOOLA: Hello, my complaint is on the stoppage of monthly pension.

    PTAD: Pensioner was in the employment of Local Government before March 31, 1976, and he is not eligible for Federal share of pension under the Directorate.

    SUNDAY: Good day, my name is Sunday from Cross River State. My father died on July 10, 2005 in police service. He is the late Inspector Okimba. His last place of service is Akwa Ibom State. I went on to process his entitlement as his next of kin in 2015 at the PTAD office Abuja where I was verified and captured with pensioner number. But up till date, I have not been paid. Kindly help me.

    PTAD: There was an incomplete documentation at the time of verification. NOK is requested to come forward with these additional documents Enlistment form; Emolument form; Letter of Administration; Marriage Certificate; Introduction Letter from Last Command; Valid Means of Identification; NOK’s Birth Certification; and NOK’s BVN.

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    ADEWALE: Good day, my name is Aladeokin, Cyber Cafe operator in Ado Ekiti. Many retirees come to my business for ‘I AM Alive’ verification. Many are successful but some are not after four to five attempts.The finger verification is also not working.

    Kindly help me to know how to go about the finger verification. Thank you

    PTAD: We have contacted Mr. Adewale.

    RTD INSPECTOR RAPHAEL: Good day, I want to know if federal pensioners are included in the N35,000 President Bola Tinubu’s package for federal workers? If so, why are the states paying their pensioners? Are we not Nigerians that served this country? Please, let me know?

    PTAD: This enquiry should be directed to the Federal Ministry of Humanitarian Affairs and Poverty Alleviation.

    ANNONYMOUS: Hello sir, my name is Kiriki. I retired from MDA: TESCOM, Akure Ondo State, (Education). My date of first appointment is January 1, 1972.

    My federal pension has not been paid since February 2022. When my pension number is slotted into the computer system, it shows that number does not exist. PTAD: Pensioner to wait for reinstatement to payroll before retrying

    ABDULLAHI: I am Abdullahi from Jos Plateau State. My father was a staff  member with the Ministry of Defence, Civilian unit for 16 years before he died in 1995.

    I have attended various screening and verifications and the last one was in Jos in 2017. I have submitted the required documents for the payment of gratuity and pension benefits as a Next of Kin (NOK), yet I have not been paid.

    In 2020, I was called from PTAD to submit some documents including bank account details which I did.

    From your publication of my case, PTAD is asking for is verification number which I scanned and sent since then. I hope Omobola will assist me.

    PTAD: NOK should provide deceased name and Bank statement.

    OJEDIRAN: My name is retired Sgt. Ojediran. I retired in 1994. I learnt that PTAD has harmonised the pension allowance of IGP, DIG, and AIG without doing same for CP to rank and file. Please, what is the correct position on this? Thanks.

    PTAD: The Directorate is yet to receive any directive on the harmonisation from the relevant authority.

    TIMOTHY: My name is Timothy from Oyo State. I have been on state and federal pension since October 25, 1993. I attended many verifications without asking for computation sheet which I have made efforts to get from ministry of Establishment, Ibadan. 

    At the last mop up, I submitted all documents but I was not cleared because of the computation sheet.

    My monthly federal pension of N2,511.57 has been stopped since 2019 or so.

    Kindly return my due because ’I am ALIVE’ .

    PTAD: We are unable to verify him as he doesn’t have a computation sheet and it is a requirement for SWFS pensioners; he should provide his computation sheet.

    TAUHID: My name is Tauhid. I am a state pensioner with federal share. I retired as a Director on Grade Level 16 Step 9. I retired in May 2009 and was verified in Niger State in December 2017. I have made several attempts to visit PTAD office at Maitama, Abuja. I have sent many people to facilitate the payment of my federal share of gratuity. I wrote in the Nation Newspaper of October 19, 2016 but all to no avail. I am still waiting. I have exercised patience and now I am a patient with two serious diseases. The Nation newspaper should help me so that PTAD can pay my PTAD: Federal Share of Gratuity.

  • ‘Insurance protection against disaster, losses low’

    ‘Insurance protection against disaster, losses low’

    There is no insurance protection for most disaster losses arising from market fires, petroleum tanker explosions, boats capsizing, among others, in the country, Jacob Adeosun, a risk engineer and industrial safety expert, has said.

    Adeosun, who is the past President of Risk Managers Society of Nigeria (RIMSON), said the state of the country’s markets, conditions of local boats and some petroleum tankers are unattractive to insurance.

    He, however, advised that these risks be insured.

    He said each time a disaster occurs, the afflicted weep beg for government’s help, adding that this was unnecessary if insurance were in place.

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    He called on President Bola Tinubu to engage RIMSON, Chartered Insurance Institute of Nigeria (CIIN), Nigeria Insurers Association (NIA), Risk Surveyors Association of Nigeria (RISAN) and National Insurance Commission (NAICOM) to establish a “Special Insurance Pool” to be initially funded by the government and be self-sustainable thereafter.

    He said: “The public sector and agencies which should be the drivers of safety, loss prevention and regulation practices have not demonstrated themselves as the drivers of this most crucial responsibility in Nigeria. The worst conditions of safety, loss prevention and regulation are in most occupancy of towns and villages with reckless abandon throughout Nigeria.

    “The recurrent disasters should not be left to continue. The relevant authorities should demonstrate commitment to addressing safety infractions, going forward. For example, why should any boat passenger not wear life jacket which is the most basic form of survival requirement in simple water transportation? Emergency response without recovery is incomplete and not cheering. Whenever an accident provides room for emergency response, the pride and joy of the intervention are the lives and assets saved.’’

  • What you need to know about old pension scheme (Part 2)

    What you need to know about old pension scheme (Part 2)

    The old pension scheme, Pay-As-You-Go named Defined Benefit Scheme (DBS), is a pension administration that existed before June 30, 2007.  Consequently,  workers who retired before this period are being managed under the DBS.

    Here are more facts to know about the Defined Benefit Scheme (DBS):

    What documents are needed for verification under the DBS?

    Documents required for verification may vary from one pension group to another. For Parastatal pensioners, they would need a Letter of First Appointment; Letter of Confirmation; Letter of Last Promotion; Approved Letter of Retirement; Evidence of Change of Name (where applicable); Evidence of Transfer of Service where applicable; BVN Registration Slip stamped and signed by the bank; Original and Stamped Bank Statement for the last one month; Valid means of Identification like Driving License, Int’l Passport, National ID Card or Voters Registration Card; Due Pensioners – Birth Certificate/Sworn Affidavit of Age; and Disengaged Retirees –Evidence of Payment of Gratuity/ Severance Pay Slip.

    For Civil Service pensioners, they would need Letter/Gazette of first appointment; Letter/Gazette of confirmation of appointment; Letter/Gazette of last Promotion; Letter/Notice of retirement approved by a competent Authority; Severance Pay slip for disengaged retirees only; and Evidence of change of name where applicable.

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    Others are Duly stamped and signed NUBAN Bank statement on the Bank letterhead from period of retirement or date from which complaint was made till date; Computation Sheet duly stamped and signed by the state Auditor (State Pensioners with Federal Share); Birth Certificate/Age Declaration (Due Pensioners only); one coloured Passport Photograph; and Approval Letter of Merger/Condonation from Head of service OHCF (For those who merged their service).

    In the case of Customs, Immigration and Prisons pensioners, documents required are Letter/Gazette of first appointment; Letter/Gazette of confirmation of appointment; Letter/Gazette of last Promotion; Original Stamped and Signed Bank; Approval Letter of Merger/Condonation of service (Where Applicable); and Evidence of Change of Name where applicable.

    They will also need a Birth Certificate/Age Declaration (Due Pensioners only); Letter/Acceptance of Retirement; Severance Pay Slip(For Downsized Officers); and Identity Card.

    Police Pensioners on the other hand would need to provide Letter of Enlistmentp; Letter of Approval of Retirement; Pension Advice; Letter of Merger of service (for demoted officers); Current Bank Statement; Letter of Identification/Introduction; Letter/Gazette of confirmation; and Letter/Gazette of last Promotion; and Identity Card.

    What is the period of bank statement needed for verification?

    Duly stamped and signed NUBAN Bank statement on the Bank letterhead from period of retirement or date from which complaint was made till date. Where there is no complaint, bank statement for the last six months should be provided.

  • Leadway Pensure records 25% growth in revenue

    Leadway Pensure records 25% growth in revenue

    Leadway Pensure has concluded the 2023 financial year, recording a 25 per cent annual fund growth, exceeding its financial targets  for the year.  

    Its Chief Executive Officer, Lanre Idris, stated that the achievement further solidifies the company’s position as a value-driven, growth-oriented organisation with a unique drive, thereby positioning PFA as a trusted and capable financial management partner in the pension industry.  

    He stated that despite economic uncertainties, Leadway Pensure has not only weathered the storm but has also soared beyond expectations, achieving an exceptional 25 per cent growth in fund under management, surpassing our ambitious targets.

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    He said: “The drivers to achieving this remarkable financial milestone includes the team’s assertive revenue drive, deploying astute strategic investment steps, embracing digital innovations and adopting a customer-centric approach as the cornerstone of our operations.

    “By prioritising the evolving needs of our clients and leveraging cutting-edge technologies, we have not only adapted to the challenges of the times but have thrived amid them.  

    “This achievement underscores the dedication and resilience of our team, whose collective efforts have propelled us to new heights. As we celebrate this milestone, we remain steadfast in our mission to provide unparalleled service and value to our esteemed clients. With our sights set on the future, we are poised to continue our growth trajectory, setting new benchmarks of excellence in the industry.”  

    As an integral part of the Leadway Group, Leadway Pensure PFA has consistently provided exceptional pension administration and fund management services to individuals, corporate organisations, federal and state institutions.