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Aggrieved Workers Transfer N483bn To New PFAs

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No fewer than 109,522 workers have transferred their Retirement Savings Accounts to other Pension Fund Administrators since the National Pension Commission opened the transfer window in 2020.

Findings by The PUNCH revealed that the workers moved N483.3bn RSAs for different reasons.

The National Pension Commission disclosed this in its report titled ‘Quarterly Summary of Retirement Savings Accounts Transferred by Pension Fund Administrators’.

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According to the figures, 2,799, 12,681 and 10,166 workers transferred N18.9bn, N47.78bn, and N35.89bn in the Q4 of 2020, Q1 of 2021 and Q2 of 2021.

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Similarly, 12,872, 12,874, 12,336 and 14,821 transferred N45.56bn, N42.49bn, N36.36bn and N50.22bn in Q3 of 2021, Q4 of 2021, Q1 of 2022 and Q2 of 2022.

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As more awareness rises on the transfer window, PenCom’s figures revealed that 30,973 workers moved N143.1bn in the third quarter of 2022.

Section 13 of the Pension Reform Act 2014 specifies that a Retirement Savings Account holder may transfer his RSA from one PFA to another.

It adds that such transfers should not be more than once a year.

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According to the pension industry regulator, the PFAs must only process requests for RSA holders registered on the Enhanced Contributor Registration System and those whose recaptured information have been successfully uploaded on to the ECRS.

“PFAs shall only process RSA transfer requests for eligible RSA holders who have not transferred their RSAs within the last 365 days using the RTS, irrespective of whether it is a leap year or not,” it stated.

PenCom opened the transfer window in November 2020, which allowed contributors to change their PFAs.

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“Effective transfer of RSAs from one PFA to another requires an accurate and reliable database as it is important to ensure that the pension assets transferred belong to the bona-fide RSA holders initiating the transfers,” it said.

PenCom noted that the opening of the RSA transfer window was done after it ensured that robust IT infrastructure to drive the process was put in place.

It said the process was finalised in June 2019 with the deployment of an enhanced contributor registration system for the pension industry.

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The pension regulator said the ECRS incorporated extensive validations, controls and data requirements that would deliver high data integrity standards for the pension industry.

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It said the upgrade of RSA holders’ details to meet the ECRS standards was, therefore, a prerequisite for RSA transfers.

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Those who registered with various PFAs from inception of the Contributory Pension Scheme to June 2019 were required to get recaptured, it added.

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Edo SWAN Distances Self From Online Publication Against Enabulele

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…demands retraction, warns member against unverified publication

The Sports Writers Association of Nigeria (SWAN), Edo State Chapter, has distanced itself from an online publication titled: ‘Samuel Ogbemudia Stadium Shut Against Stephen Keshi.’

A statement signed by the Secretary of the association, Comrade Idahosa Moses, Edo SWAN said neither was it consulted nor involved in the “framing of the narrative presented by the online publication.”

Edo SWAN described the publication as misleading, sensational and grossly lacking in factual balance.

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The statement partly reads: “SWAN finds the report inconsistent with the ethical standards and core values of the journalism profession.

READ ALSO:SWAN Orders Nationwide Boycott Of NFF Activities

“While Edo SWAN recognises and respects the sentiments expressed by Mr. Austin Popo, Secretary of the Board of Trustees of the Stephen Keshi Football and Vocational Training Centre (SKFTVC), concerning the challenges encountered in securing the use of the Samuel Ogbemudia Stadium for this year’s Stephen Keshi Memorial National Under-17 Soccer Tournament, it is imperative to state that such concerns should not be reported in a manner that imputes motives, assigns blame without verification, or portrays public officials as acting in bad faith.”

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On allegations against the Executive Chairman of the Edo State Sports Commission, Hon. Amadin Desmond Enabulele, in the publication, SWAN described Enabulele as a “seasoned professional with a proven track record of integrity and dedicated service to sports development in Edo State.”

Any insinuation that he or the Commission deliberately acted to undermine the memory and legacy of the late Stephen Okechukwu Keshi is not only unfair but also unsupported by verifiable facts.”

Edo SWAN, therefore, “strongly cautions the publisher of Popular News to desist from publishing unverified and inflammatory reports capable of misleading the public and damaging reputations.”

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The Association formally demands that the controversial publication be withdrawn immediately and that an unreserved apology be tendered to Hon. Amadin Desmond Enabulele.”

SWAN further “extends its sincere apologies to the Chairman of the Edo State Sports Commission, who is also a Patron of the Edo SWAN Chapter, for any embarrassment or misrepresentation arising from the said publication, and assures him of its continued respect, support and cooperation.”

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Edo SWAN, while stating that it “shares in the collective responsibility of preserving and honouring the legacy of the late Stephen Keshi—a national icon whose contributions to Nigerian football remain indelible—the Association, maintained that “this noble course must be pursued through constructive engagement, professionalism and mutual respect among all stakeholders.”

Edo SWAN, thereafter, warned “all sports writers in the state to avoid unverifiable reports and sensationalism, stressing that any member found culpable of professional misconduct will be decisively sanctioned in line with the Association’s statutes.”

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Court Dissolves Petitioner’s Marriage Over Lack Of Love, Care

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An Area Court sitting at Centre-Igboro, Ilorin in Kwara State, on Thursday, dissolved the four-year-old marriage between Aminat Mustapha and Wahab Adeshina, following the petitioner’s insistence.

The petitioner told the court that she was no longer interested in her marriage to her husband following claims of lack of love and care.

According to the News Agency of Nigeria (NAN), while delivering ruling, the presiding judge, Mr Toyin Aluko, held that the respondent had written to the court, accepting the divorce application made by his wife.

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Aluko, consequently, dissolved the marriage between the parties, and ordered the woman to observe one month iddah (waiting period) before she could remarry.

Meanwhile, the court granted custody of the two children in the marriage, ages one and three, to their mother.

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He ordered the father to pay a monthly sum of N20,000 for the children’s feeding and maintenance.

The court also held that the respondent will be responsible for their education and healthcare.

Again, the court held that the father has unrestricted access to his children, but at reasonable time adding that he should be notified before any decision is taken on his children.

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The judge ordered the petitioner to get a copy of the judgment and send same to the respondent.

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Tinubu Embarks On Three-state Visit

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President Bola Ahmed Tinubu will depart Abuja on Saturday on a working visit to Borno, Bauchi and Lagos.

This is contained in a statement issued by Presidential Spokesperson, Mr Bayo Onanuga, on Friday in Abuja.

While in Borno, the President will commission projects executed by the Borno State Government under Gov. Babagana Zulum, in collaboration with the Federal Government.

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He will also attend the wedding ceremony of Sadeeq Sheriff, son of former Borno Governor, Sen. Ali Modu Sheriff, and his bride, Hadiza Kam Salem.

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From Maiduguri, Tinubu will proceed to Bauchi State to condole with the state government and the family of Sheikh Dahiru Bauchi, the renowned Islamic cleric and leader of the Tijjaniyya Muslim Brotherhood.

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Sheikh Dahiru Bauchi died on Nov. 27.

After the condolence visit, the President will travel to Lagos, where he will spend the end-of-year holidays.

During his stay in Lagos, Tinubu is expected to attend several engagements, including the Eyo Festival scheduled for Dec. 27.

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The festival, to be held at Tafawa Balewa Square, will honour notable personalities, including the President’s late mother, Alhaja Abibatu Mogaji, former Lagos State governors Alhaji Lateef Jakande and Chief Michael Otedola.

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