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Tuesday, October 24, 2017
Re Anohu-Amazu: An amazon bows out; another side of the Anohu-Amazu

PenCom DG, others becomes pioneer member of London Stock Exchange Africa Advisory Group

Mrs. Chinelo Anohu-Amazu, Director-General of the National Pension Commission (PenCom) has been appointed pioneer member of the London Stock Exchange Africa Advisory Group. Anohu-Amazu is...
The Minister of Information and Culture, Alhaji Lai Mohammed, says the Federal Government will amend the Nigeria Broadcasting Commission (NBC) Code to compel brands to sponsor Nigeria Professional Football League (NPFL). The Minister made the assertion at the close of the “Two-Day Creative Industry Financing Conference’’, sponsored by the ministry in conjunction with “Think Tank Media and Advertising’’ which closed on Tuesday in Lagos. “We will amend the NBC code to ensure that our Premier League improves. “We will make sure that in the Code, if you spend one million dollars to support a foreign football club like Manchester United in Nigeria, you will not be allowed to air that programme unless you spend 30 per cent of that money to promote Nigeria’s league. “Some beverage companies in Nigeria support Manchester United (Man U), Arsenal and others and spend about six million dollars a year,’’ he said. “I then asked the question, how much of their products are being consumed over there? “I was also told that a particular brand of Nigeria Beer is supporting several premier league teams to the tune of seven million dollars a year. “We can imagine if they give us just 30 per cent of that, we will fix our stadia. “I know they are going to attack me on this but I am not made a minister to sustain the economy of other countries.’’ He said the government could no longer tolerate the situation where people continue to develop the economy of other parts of the world from the sweat of Nigerians and at the expense of Nigerian economy. The minister also clarified an earlier statement credited to him on the amendment to NBC Code to discourage production of Nigerian movies and music abroad. “At that meeting, I said that I will work to amend the NBC code to ensure that if a product is designated a Nigerian product; it must be produced in Nigeria. “I didn’t say that henceforth, all music and films will be produced in Nigeria. “All I said was that if a programme is designated as a Nigerian content programme, we will amend the code to ensure that it is produced in Nigeria,’’ he said. He added that if the law says that a programme shall have 60 per cent Nigerian content, the producer could not go ahead to shoot such outside the country for Nigerian viewers. “Of course, they will come and say that you do not have infrastructure and that is why they went outside to shoot. “I asked if it is not the same programme you went to shoot outside Nigeria because we have epileptic power that you will bring back to show to us in Nigeria. “Then, with which power are you showing the programme? “I promised Nigerians that I am going to create one million jobs in three years and I can’t do that if they start exporting jobs to other countries,’’ he said. The News Agency of Nigeria (NAN) reports that participants at the forum, mainly stakeholders in the creative industry, welcomed the clarification by the minister and the position of government.

N273.9bn stolen from Pension funds in 6 years – Lai Mohammed

Lai Mohammed, Minister of Information and Culture, Friday said government officials looted N273.9billion from pension funds between 2005 and 2011. The minister while presenting a...
Anohu-Amazu: An amazon bows out of PenCom By Hadiza Mailafia

PenCom creates special unit to drive micro pension

The National Pension Commission (PenCom) said it has established a special function unit to drive the micro pension plan. PenCom on its website stressed that...
Pensioners paralyse commercial activities in Benin

Pensioners protest budgetary omission of arrears

The National Union of Pensioners (NUP) has lamented the neglect by the Federal Government in making provisions for 42 month pension arrears for the...
Pension assets hit N5.3trn

Pension assets hit N5.3trn

The National Pension Commission (PenCom) on Friday said the pension funds has grown to N5.3 trillion. Mrs. Chinelo Anohu-Amazu, Director General, PenCom, disclosed this in...
Employers cheating workers by not remitting pension deductions – Longe

Pension operators denies involvement in “Pension Racket”

The Pension Fund Operators Association of Nigeria (PenOp) has dismissed allegations that its members are involved in generating fake pin numbers to bring into...
Nigeria still critically sick at 57 – TUC President

Our pension not meant for infrastructure, TUC warns

The Trade Union Congress of Nigeria (TUC) on Sunday condemned the recent comments by some National Assembly members that the accumulated pension funds should...
Premium Pension enlightens pension officers

Premium Pension enlightens pension officers

Premium Pension Limited (PPL) has enlightened pension desks officers and human resources managers so as to create awareness and promote understanding of the workings...
Employers cheating workers by not remitting pension deductions – Longe

AIICO Pension Boss emerges PenOp Chairman

Eguarekhide Longe, Managing Director, AIICO Pension Managers Limited has emerged Chairman of the Pension Fund Operators Association of Nigeria (PenOp). Longe was elected into the...

Redeeming states and local govt workers from old age poverty

Nothing so far exposes the greed, avarice and self-centredness of our ruling political class as the pension rights of States and Local Government employees. ...