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  • 70,0000 retirees get N152b pension

    Premium Pensions Limited has paid over N152 billion to over 70,000 retirees since 2005 as benefits, its Executive Director, Mrs Kemi Oluwashina has said.

    She made this known during a seminar in Lagos where she presented a paper titled: “Repositioning the Nigerian economy- the insurance and pension industry perspective”.

    She said the company, a Pension Fund Administrator (PFA) with over N570 billion assets under management (AUM), Premium Pension is one of the top three largest PFAs.

    She said the company has an authorised share capital of N1.3 billion, significantly above minimum regulatory requirement and is 100 per cent owned by Nigerians.

    Speaking on why workers should choose Premium Pensions as their PFA, she said the company has strong historical investment returns, excellent customer service and operational efficiency–excellent use of technology platforms (online, mobile app, multi-lingual call centre with IVR, smsetc) and highly skilled and motivated workforce.

    She stressed that the company has integrated systems and processes with ISO/IEC27001 certification; operates from all 36 states; has Retirement Savings Account (RSA) Portfolio Return (2012 to H1-2018) and has won Africa Pension Awards in recognition of excellence in corporate governance.

    She said: “RSA portfolio return peaked at 13.16 per cent in 2013 following equity market boom, but subsequently dipped to 8.03 per cent in 2014 in the aftermath of the broad economic down turn. Return performance has since stabilised on the growth path; 2017 fully ear return was 16.25 per cent, while H1-2018 return is 7.58 per cent. Average return on the RSA portfolio between 2012 and 2017 was 12.01 per cent, higher than the corresponding inflation average of 11.8 per cent over the period.

    “The annual returns figures presented are audited, and net of all fees and taxes. Retiree portfolio return reflected more stability, maintaining a range of 10.7 per cent,12.65 per cent between 2012 to 2016. Return in 2017 stands out at 17.13 per cent, reflecting the high yield environment that characterized the fixed income space foremost part of the year.

  • NEMSA to get service scheme

    The Nigeria Electricity Management Service Agency (NEMSA) Managing Director, Peter Ewesor has promised to introduce a service scheme for the agency.

    According to him, in order to also strengthen manpower capacity in the agency, the NEMSA condition of service is almost ready for approval.

    He stated this yesterday while addressing executive members of the Nigerian Institution of Power Engineers (NIPE) who paid a courtesy visit to the agency in Abuja.

    Ewesor, who is also the Chief Electrical Inspector of the Federation, said there is the propensity to forget all the undergraduate trainings after several years of unemployment or lack of practice.

    He said  he would need a tripartite arrangement with the National Power Training Institute of Nigeria (NAPTIN), NEMSA and NIPE to brainstorm on how to brush up the holders of NEMSA certificates.

    He recalled that around 1998, “you can no longer go above level 10 unless you are a certified engineer.”

    Ewesor insisted that “And I think it is something we can equally do to see how best we can encourage our people. In fact, we will do our scheme of service. In fact that is the next thing we are going to do.

    “It is one of the legacies I must leave behind. Our condition of service is almost ready for approval. The scheme of service will be the next and after you have them we would have been fully established.”

    The NIPE National Chairman, Engr. Abraham Israel had sought that the association collaborates with the agency to weed out incompetents and ignorant practitioners from the Nigeria Electricity Supply Industry (NESI).

    He told the Chief Electrical Inspector of the Federation that his discovery of the dearth of capacity in the power sector at the interview of applicants for NEMSA certification was worrisome.

    According to him, the industry has capacity issue to tackle.

    Israel submitted that for the applicants “there must be some orientation at least a day. The interview must be for three days. For the first day you must go through some little orientation or class work where the entire industry document will be read to you.  You need to know the act. Most of them don’t know what NESI looks like.”

     

     

  • 1,500 corps members get skills training

    No fewer than 1,500 National Youth Service Corps (NYSC) members have completed various skill empowerment training at at the Wamakko NYSC Orientation camp in Sokoto State.

    Addressing the trainees after inspecting an exhibition of finished products, the state NYSC Coordinator, Alhaji Musa Abubakar, said the trainees were of the 2017 Batch ‘B’, Stream 2, comprising corps members from Sokoto, Kebbi and Zamafara states.

    Abubakar said the skills were on shoe and bag making, pomade and soap making, tailoring and knitting, fishery and animal husbandry, video and photography, electrical installations, cosmetology, food processing and other businesses.

    He said the NYSC partnered some agencies to impart business skills to corps members for them to be productive during and after service.

    Abubakar said the trainees were also trained on designing business development plans and management techniques.

    He said the Bank of Industry (BoI), Central Bank of Nigeria (CBN), Heritage Bank and poverty eradication agencies would grant loans ranging from N1 million to N3 million to some corps members.

    “At present, 10 corps members have established business outfits based on the training they received and are prepared to stay in Sokoto after the service year,” the coordinator said.

    He enjoined NYSC  members to continue with the businesses in recognition of hardship faced by graduates in securing jobs, noting that businesses could transform their lives.

    Abubakar said the corps members were posted to states to understand their cultural values and have knowledge of environment different from theirs to inculcate in them a sense of patriotism for national development.

    He praised the Sokoto State government for donating 2000 mattresses and 1000 beds to the camp as well as its renovation.

  • FIFA U-17 World Cup: Eaglets get UAE referee

    FIFA U-17 World Cup: Eaglets get UAE referee

    Federation of International Football (FIFA) has picked Mohammed Abdullah Mohamed from the United Arab Emirates (UAE) as the centre referee for the FIFA U-17 World Cup semi-final clash involving Nigeria’s Golden Eaglets and their Mexican counterparts in Chile.

    The match kicks-off at midnight, November 6 at the 33,000 seating capacity Municipal Ester Roa Stadium in Concepcion.

    The 37-year-old referee, who was born on December 2, will be assisted by fellow compatriots, Mohamed Alhammadi, Hasan ALMAHRI as first and second assistant referees. Peruvian Diego Haro is the fourth official.

    He has been a fIFA badged referee since 2010.

    Interestingly, Nigeria won the last edition in UAE by beating Mexico 3-0 after a 6-1 demolition of the Baby El Tri in the group stage.

    Concepcion is playing host to both sides for the first time.

  • Sunshine players get N100k each from ODSFA

    Sunshine players get N100k each from ODSFA

    Sunshine Stars players have been paid N100,000 each being the largesse the Ondo State Football Agency (ODSFA) boss, Akin Akinbobola, promised them if they record impressive results in their last four matches.

    During the games under review, the Akure Gunners remained unbeaten, grabbing important wins against Wikki Tourists, Heartland, 3SC and Kwara United. They also recorded a heartwarming draw against Nasarawa United in Lafia.

    An elated Akinbobola approved the payment of the money and the players who were involved in those matches got N100,000 each while those not dressed for the games were given stipends to serve as encouragement.

    Even though the money was only pledged to the players, Akinbobola extended the cash reward to the coaches led by Kennedy Boboye for the fine way Sunshine Stars have been performing in the current season.

    The Media Officer of the club, Wahab Bankole, told SportingLife that the players and coaches were delighted to receive the cash gift and have vowed not to slack when the league reopens on June 14.

    Sunshine are topping the Glo Premier League with 20 points from 10 matches having garnered six wins, two draws and two defeats. They are two points clear at the top while Kano Pillars, Enyimba, Gabros International FC and Giwa FC are trailing behind in the top five.

    The management of the Akure Gunners has given the players a week’s break and they are to report back to camp next week Thursday, to start preparation for other league matches.

  • Communities get 51 transformers

    Communities get 51 transformers

    The Lagos State Government has handed over 51 transformers to rural, riverine and semi-urban communities across the state to boost electricity generation and distribution.

    Handing over the transformers at the Elsewedy Electric Nig. Ltd premises in Badagry, Lagos, Commissioner for Rural Development Cornelius Ojelabi hailed members of the House of Assembly for getting Governor Babatunde Fashola to accede to the communities request.

    He said the government came to their aid because the Eko Distribution Company (EKDC) and Ikeja Distribution Company (IKDC) could not meet their needs.

    The state, he said, has been providing transformers for the electrification of rural communities, schools, hospitals and other infrastructure over the years, despite that being the Federal Government’s responsibility.

    Ojelabi said: “When the Federal Government privatised power generation and distribution over three years ago, the state government felt it cannot be providing infrastructure for private company’s business. More so, when the over N10 billion used in providing infrastructure over the years to aid power generation and distribution was not refunded by the Federal Government after the privatisation of the power sector.

    “When the private companies cannot solve the problem as expected, the governor being a responsible and responsive governor cannot but yield to the yearnings of the people in the procurement and installation of the transformers.”

    He urged the chiefs, leaders of Community Development Associations (CDAs) and youths to take charge of the transformers when installed.

    “Government will continue to cater for your needs till the last day of this administration as promised by the State Governor, Mr. Babatunde Fashola,” he said, adding that government had carried out several developmental projects in Badagry.

    Ojelabi said: “A government that is promoting a safe community and providing an enabling and conducive environment for business to thrive is worth supporting.”

    Chairman, House Committee on Energy and Mineral Resources Lanre Ogunyemi thanked the state for supporting private electricity power generation and distribution firms.

  • Rangers players to get 150k for each goal

    Rangers players to get 150k for each goal

    General Manager, Enugu Rangers, Paul Chibuzor Ozor and the club’s Board Chairman, Festus Onu have promised players of the Flying Antelopes N150,000 for each goal they score against Sharks on Sunday in a Glo Premier League Week 2 tie at the Nnamdi Azikiwe Stadium, Enugu.

    Rangers narrowly lost 2-3 to their hosts, FC Taraba last weekend in the 2014/2015 league season opener but top officials of the club have promised cash incentives so that this will spur them to victory against the Blue Angels.

    The Flying Antelopes’ Director of Media and Publicity, Foster Chime told SportingLife that Ozor promised the players N50,000  each time they find the back of the net on Sunday while Chief Onu has pledged to pay N100,000 for each goal scored against Sharks.

    He said the club’s officials want Rangers to bury Sharks with goals just like they did three seasons ago when the Blue Angels were beaten 3-0 in Enugu in the last game of the 2011/2012 season.

  • Pillars get 14-man CAF Champions league committee

    Pillars get 14-man CAF Champions league committee

    Kano State government yesterday inaugurated a 14-man committee that will oversee Kano Pillars’ CAF Champions League programme, SportingLife can reveal.

    The Deputy Governor, Umar Danguje inaugurated the committee at his house, Nasarawa GRA, Kano State.

    The club’s media officer, Idris Malikawa, who disclosed the information to Sportinglife, said the committee has been mandated to guide the team to a successful CAF Champions League campaign.

    The government also charged the committee to use their experience to create revenue and sponsorship for the team while promising to give them maximum support and cooperation.

    According to Malikawa, Deputy Governor  Danguje will serve as the chairman of the committee while former NFA chairman Ibrahim Galadima was picked as deputy chairman.

    The Permanent Secretary Deputy Governor’s Office, Usman Bala will be the secretary.

    Other members are  former Kano Pillars chairman Addau Lawan, General Manager Kano Pillars, Babangida Umar, Senior Special Assistant to Governor on Sport, Uba Danzainab and former chairman Kano Pillars Abba Yola.

    Others are former sole administrator, Kano Pillars, Kabiru Baita, Commissioner for Justice, Maliki Kuliya, Commissioner for Water Resources, Dr Adamu Yunusa Dangwani, Kano State FA chairman, Sheriff Rabiu, two representatives from the Nigeria Football Federation (NFF), former Sunshine Stars MD Mike Idoko and Akimi Mohammed.

    “The committee is full of experienced and seasoned administrators. We believe with these credible people the team stands a good chance to perform creditably well in the competition. The government means well for the team and that is why the committee was inaugurated. They will be in the position to determine the club’s activities in the continental assignment,” Malikawa told SportingLife.

  • Eagles get Abuja friendly before Abu Dhabi trip

    Eagles get Abuja friendly before Abu Dhabi trip

    Super Eagles will play at least one friendly match against an unnamed team in the country – probably in Abuja – before leaving for the United Arab Emirates (UAE) on Thursday, a top official of the team has told NationSport.

    The Nigeria Football Federation (NFF) has lined up two friendlies for the national team against Ivory Coast and Sudan in Abu Dhabi, capital of the UAE on January 11 and 14, 2015 and the Media Officer of the Eagles, Ben Alaiya told NationSport that at least one friendly match is being arranged for the team as a tune up game in the few days before their departure.

    Alaiya said all was well in the Eagles’ Abuja camp and the players were responding to instructions from the technical crew headed by Assistant Coach, Dan Amokachi.

    He also confirmed that the 25 players in the team’s camp are expected to be whittled to 19 at most two days before the trip to the UAE.

    Eagles, the cup holders of the Africa Cup of Nations, missed out on a place in the 2015 edition and the NFF is using the friendly matches to keep the team busy ahead of future competitive games.

  • Flying Eagles coaches get 10 months’ pay

    Flying Eagles coaches get 10 months’ pay

    It was a huge festive cheer for coaches of the Nigeria U-20 team, the Flying Eagles, as they were finally paid their salaries for the past 10 months.

    A top Nigeria Football Federation(NFF) official informed AfricanFootball.com  that the coaches have received their long-awaited salaries.

    Head coach Manu Garba is on a million Naira a month, while his assistants Nduka Ugbade and Fancy Ewulu are each on N500,000. However, efforts are now being made to improve the pay of the assistants.

    The Flying Eagles are drawn against hosts Senegal, Congo and Cote d’Ivoire in the 2015 African Youth Championship, which kicks off in Dakar on March 8. They resumed  training camp in Kaduna on Saturday.