Customs pays N7.61bn retirement benefits to 4,237 retirees

Date:

Mariam Abeeb

The Nigeria Customs Service (NCS) has released N7.61 billion to nine Pension Fund Administrators (PFAs) for payment to 4,237 retirees, as the Comptroller-General of Customs, Adewale Adeniyi, reaffirmed the Service’s commitment to improving the welfare of its retired personnel.

Adeniyi disclosed during a dialogue with retirees of the NCS, where he said the funds had been disbursed to the PFAs for onward payment into the retirees’ individual accounts.

According to the breakdown presented at the meeting, Access-ARM Pension Managers accounted for 1,223 beneficiaries, Premium Pension 2,268, Leadway Pensions 403, TrustFund Pensions 156, FCMB Pensions 144, Veritas Glanvills Pensions 28, Norrenberger Pensions 11 and Fidelity Pension Managers four, bringing the total number of beneficiaries to 4,237.

READ MORE  Technology crucial to success of new tax laws – NRS boss

Addressing the retirees, Adeniyi said the Service must remain strong and financially capable of meeting its obligations to serving officers and retirees, stressing that the welfare of those who had dedicated decades to the Service could not be separated from the future of the institution.

He also urged the retirees to sustain constructive engagement with the Service, saying, “I acknowledged your concerns and suggestions raised, and it is in view of this we called for this dialogue to promote better understanding and reduce the effect of rumours and unofficial information on the relationship between the Service and its retired personnel.”

READ MORE  SMEs create inclusive, prosperous societies world over- ECA

The dialogue was attended by the Deputy Comptroller-General of Customs in charge of Human Resources Development, DCG Tijjani Abe, and other members of the Management Team, who assured the retirees that their concerns would receive appropriate attention at the Service’s Board and Management sittings.

The retirees expressed appreciation to the Comptroller-General and the Management Team for responding to their concerns and creating a platform for direct engagement. They also appealed to the Service to sustain the dialogue as part of efforts to strengthen the relationship between serving officers and retired personnel.

The meeting comes amid ongoing efforts to improve pension of retirees following the Federal Government’s decision to review the statutory provisions governing pensions, including Section 15(4) of the Pension Reform Act 2014, in line with Section 173(3) of the 1999 Constitution, as amended.

READ MORE  Oil Prices: Oman records $2 billion budget surplus first half of 2022

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

UNICEF Chief urges sustained investment in Nigerian children

By Anan Geolengs UNICEF Executive Director Catherine Russell has...

CSJ queries N34tn customs duty waivers

Mariam Abeeb A Non- governmental Organisation under the aegis of...

NECO dismisses Kogi’s ‘Miracle Centre’ claim

Mariam Abeeb The National Examinations Council (NECO) has rejected the...

FUDMA to Host Nine Universities For Pre-NUGA Games 

FUDMA to Host Nine Universities For Pre-NUGA Games  The Federal...