• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, August 25, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

PenCom Announces 7-month Backlog Pension Payment To Retirees

by Mark Itsibor
9 months ago
in News
Share on WhatsAppShare on FacebookShare on XTelegram

The National Pension Commission (PenCom) has announced the release of N44 billion by the Office of the Accountant General of the Federation (OAGF) as part of the 2024 budget appropriated for the payment of retirees from public service for the period January to June.

Advertisement

In a statement issued on Friday night, the Commission said the funds have been deposited into the Retirement Benefits Bond Redemption Fund account at the Central Bank of Nigeria (CBN).

PenCom said the money would be used to partially settle unpaid accrued pension rights for retirees of federal government treasury-funded Ministries, Departments and Agencies (MDAs) under the Contributory Pension Scheme (CPS).

“The disbursed funds have been applied to settle the accrued pension rights of retirees who were duly verified and enrolled, covering the period March to September 2023, as well as some deceased employees,” PenCom said in the statement.

It said the remittances have been credited directly to the savings accounts of the affected retirees through their respective Pension Fund Administrators (PFAs).

RELATED

Intrigues, Backstabbing Trail Plateau PDP LG Election Primaries

BREAKING: PDP Zones 2027 Presidential Ticket To South

32 minutes ago
JUST-IN: PDP Confirms Damagum As Substantive National Chairman

JUST-IN: PDP Confirms Damagum As Substantive National Chairman

41 minutes ago
ADVERTISEMENT

“All affected retirees are encouraged to contact their PFAs to complete the necessary documentation to access their retirement benefits. PenCom has also directed PFAs to expedite the processing of payments to ensure retirees promptly receive their entitlements.

“In the meantime, PenCom remains steadfast in its commitment to engaging with relevant authorities to secure the full settlement of all outstanding accrued pension rights and related liabilities. The Commission assures all retirees of FGN Treasury funded MDAs that these efforts will be sustained until all pending pension liabilities under the CPS are fully resolved.

“PenCom appreciates the patience and understanding of retirees and reaffirms its dedication to safeguarding their retirement benefits,” PenCom stated.


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: PenCom
SendShare10589Tweet6618Share
ADVERTISEMENT
Previous Post

Kano Gov’t Fingers Federal Gov’t In Emir’s Palace Blockade

Next Post

Sheikh Ajani Bello’s Death A National Loss, Says Kwara Gov

Mark Itsibor

Mark Itsibor

Mark Itsibor is a journalist and communication specialist with 10 years of experience, He is currently Chief Correspondent at LEADERSHIP Media Group and writes on Finance, Economy, Politics, Crime, and Judiciary. He has a B.Sc in Political Science, Post Graduate Diploma in Journalism (Print), and B.A in Development Communication. His Twitter handle is @Itsibor_M

You May Like

Intrigues, Backstabbing Trail Plateau PDP LG Election Primaries
Cover Stories

BREAKING: PDP Zones 2027 Presidential Ticket To South

2025/08/25
JUST-IN: PDP Confirms Damagum As Substantive National Chairman
News

JUST-IN: PDP Confirms Damagum As Substantive National Chairman

2025/08/25
TRCN Laments Over Unqualified Teachers In Private Schools
News

Federal Gov’t Unveils Digital Portal For Teacher Registration

2025/08/25
Nigeria Pays $85.54bn ECOWAS Levy Backlog
News

ECOWAS To Activate 260,000-man Counter-terrorism Brigade

2025/08/25
Akwa Ibom NMA Resolves Factional Feud, Set For Poll
News

Akwa Ibom Revokes All Land Allocations Since 2023

2025/08/25
Army Arrests Fake Major At Lagos Market
News

Army Arrests Fake Major At Lagos Market

2025/08/25
Leadership Conference advertisement

LATEST

BREAKING: PDP Zones 2027 Presidential Ticket To South

JUST-IN: PDP Confirms Damagum As Substantive National Chairman

Federal Gov’t Unveils Digital Portal For Teacher Registration

ECOWAS To Activate 260,000-man Counter-terrorism Brigade

Akwa Ibom Revokes All Land Allocations Since 2023

Army Arrests Fake Major At Lagos Market

PICTORIAL: Soun Of Ogbomoso Visits Olubadan-designate Oba Ladoja

Brazilian Defender David Luiz Embroiled In Cheating Scandal

Court Jails Man For Selling Cannabis In Lagos Hotel

Brazilian Defender David Luiz Embroiled In Cheating Scandal

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.