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

Why investing pension funds in infrastructure not visible – Expert

  Owing to the deficit of infrastructure in Nigeria, the head of investments, Pensions Alliance Limited, Lagos, Abimbola Sulaiman has said the money allocated to...
Osinbajo appoints Funso Doherty PenCom DG, others

PenCom chides PFAs over redeployment of HoDs without approval

The National Pension Commission (PenCom) has charged Pension Fund Administrators (PFAs) to obtain approval before redeploying Head of Departments from one department to another. The...
Stanbic IBTC Pension revamps sanitary facilities at Nigerian Prisons Training School

Stanbic IBTC Pension revamps sanitary facilities at Nigerian Prisons Training School

Nigeria’s leading Pension Fund Administrator (PFA), Stanbic IBTC Pension Managers Limited, a subsidiary of Stanbic IBTC Holdings PLC, in furtherance of its commitment to...
Fayose to implement contributory pension scheme

Fayose to implement Contributory Pension scheme

The Ekiti State Government said it is set to commence the implementation of the Contributory Pension Scheme (CPS). The Government said it is with the...
Protest in Greece over pension reforms

Protest in Greece over pension reforms

Scuffles broke out in central Athens during a protest against the Greek government's proposed pension reforms, at the weekend. Tensions reportedly flared when demonstrators from...
Anohu-Amazu: An amazon bows out of PenCom By Hadiza Mailafia

Anohu-Amazu: An amazon bows out of PenCom By Hadiza Mailafia

Although the recent leadership changes by the Federal Government (FG) affected 23 of its agencies, the removal of the Director-General (DG) of the National...
Pensioners lament poor treatment by TrustFund Pension

Pensioners lament poor treatment by TrustFund Pension

Some pensioners who have their Retirement Savings Account with TrustFund pension managers have decried the lackadaisical attitudes of staff of the organisation. Many of them...
Pensioners paralyse commercial activities in Benin

Pensioners protest in Bauchi for non-payment of allowances

The Bauchi State pensioners in their scores, on Friday, staged a protest for the non payment of their three months' allowances by the State...
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...

Obaseki assures Edo pensioners of better days

Succour is on the way for Edo state pensioners, as the state governor, Mr. Godwin Obaseki, on Wednesday, promised to resolve all pension issues...