Nigeria: Minister Seeks Probe into Power Holding Scam
The Minister of Power, Prof Barth Nnaji has called on for investigation of the staff union of the Power Holding Company of Nigeria (PHCN) over non-remittance of workers pension contributions.
PHCN headquarters
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Nigeria:
Missing PHCN Pension Fund - Minister Raises Figure to N300 Billion
Leadership, 13 August 2012
As much as N300 billion representing pension deductions of 25 per cent of salaries of Power Holding Company of Nigeria's 50,000 workers over several years may have been looted by… Read more »
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Nigeria:
Puzzle Over N88 Billion PHCN Pension Fund
Leadership, 13 August 2012
Another pension scam is brewing in connection with an alleged N88 billion said to have accrued from deductions of 25 per cent monthly salaries of workers of the Power Holding… Read more »
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Nigeria:
Task Force Not Responsible for Pension Payment Delays
Daily Trust, 13 August 2012
The Pension Reform Task Team yesterday said it has not delayed the payment of pensioners' benefits. Read more »
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Nigeria:
Sacked Managing Director - Court Dismisses Pension Firm's Objection
This Day, 12 August 2012
Trustfund Pensions Plc has lost the bid to stop the National Industrial Court sitting in Abuja from hearing the case filed by the sacked managing director of the company, Mr.… Read more »
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Nigeria:
Pension Fund - Contributors Protest Investment in Power, Capital Market
Vanguard, 13 August 2012
Against the clamour by capital market stakeholders that part of the new pension contributions should be ploughed into the capital market as intervention fund, Pension Fund… Read more »
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Nigeria:
PHCN Workers Demand Open Investigation of Pension Fund
This Day, 24 July 2012
Workers of Power Holding Company of Nigeria (PHCN) has lauded the effort of the Federal Government in trying to unravel the remote and immediate causes of the disappearance and… Read more »
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Nigeria:
Pension Scam - Labour Faults Inclusion of Agbogun, Agbo as Panel Members
Vanguard, 20 July 2012
ORGANISED Labour in the electricity sector has faulted the inclusion of Dr. Sam Agbogun and Nick Agbo as members of a panel of inquiry set up by government to probe the Power… Read more »
InFocus
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The Federal government has approved the release of N34 billion to offset the outstanding rights of retirees, and death benefits of deceased employees of federal workers under the ... Read more »