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Lagos pays N4.7bn to pensioners, commences online biometric verification

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LAGOS, PENSION

 

Lagos State Government has said it has paid N4.7 billion to pensioners under the defined benefits scheme since the inception of the current administration in 2019.

The government also said it would begin online biometric verification for 5,984 pensioners under the Defined Benefits Scheme on Monday.

Commissioner for Establishments, Training and Pensions, Mrs Ajibola Ponnle disclosed this at a news conference in Alausa, Ikeja, saying that the exercise would kick off on August 9 to September 17, 2021.

According to Ajibola, pensioners under the defined benefits scheme which could not be captured in the Contributory Pension Scheme, which kicked off in 2007, had been paid N4.7 billion since 2019.

She added that pensioners under the Teachers Establishment Pension Office, TEPO, had been paid N2.7 billion since inception of the Governor Babajide Sanwo-Olu’s administration, while pensioners under the Judicial Service Commission had been paid N640 million.

The commissioner stated that government decided to embark on online verification of the pensioners, tagged: “I Alive,” because of threats posed by COVID-19 pandemic.

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She said the success of the first online verification exercise carried out in 2020 due to COVID-19 necessitated government’s decision to embark on the same process this year as the third wave of the virus is here already.

“Capitalising on the achievement of the 2020 exercise, the Civil Service Pensions Office, CSPO, has concluded plans to make the 2021 Online Verification Exercise a greater success. This exercise will entail confirmation of existing biometric data against the pensioners available online for verification,” Ponnle explained.

The commissioner added that the advantages of online verification included ease of implementation, as individual pensioners undergo their verification from the comfort of their homes or offices either in the country or abroad; compliance with COVID protocols to reduce large gatherings and reduce travel cost to pensioners to various verification locations.

Ponnle said while government did not anticipate any hitch with this process, it was also mindful of the associated challenges with new initiatives and technologically driven ideas and that as such, government had plans in place to make the process as seamless and as smooth as possible.

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“As previously executed in Y2020, due diligence would be ensured from the beginning of the exercise to the end so that no Pensioner of Lagos State is left behind,” she said.

Ponnle also disclosed that the Sanwo-Olu administration approved 33% increase in pensions for pensioners under the defined benefits, with 25% rent allowance for officers on GL 7 and above who retired between May 2000 – August 2004.

She emphasised that government is not owing pensioners, as they had been paid till date, adding that there is an ongoing plans by government to expand social protection and welfare of Defined Benefit Pensioners, Medical/Health Insurance and transportation on Lagos State Government travel network.

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UPDATED: Tinubu appoints Jim Ovia as chairman of education loan fund

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President Bola Tinubu has appointed Jim Ovia as the chairman of the Nigerian Education Loan Fund (NELFUND).

 

Ajuri Ngelale, presidential spokesperson, announced the appointment of Ovia, chairman of Zenith Bank, in a statement on Friday.

 

Ngelale said Tinubu believes that Ovia will bring his immense wealth of experience to ensure that no Nigerian student suffers a paucity of funds in the quest for tertiary education.

 

On April 3, Tinubu signed the student loans amendment bill into law to provide Nigerians with quality and accessible education.

 

The law will allow Nigerian students in tertiary institutions to access low-interest loans for tuition and other academic needs.

 

Subsequently, the president appointed Akintunde Sawyerr as the managing director and chief executive officer (CEO) of the fund.

 

Tinubu also appointed Frederick Oluwafemi Akinfala as the executive director of finance and administration, while Mustapha Iyal will serve as the executive director of operations of NELFUND.

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JUST IN: Tinubu appoints Jim Ovia as chairman of education loan fund

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President Bola Tinubu has appointed Jim Ovia as the chairman of the Nigerian Education Loan Fund (NELFUND).

 

Ajuri Ngelale, presidential spokesperson, announced the appointment of Ovia, chairman of Zenith Bank, in a statement on Friday.

More to follow…

 

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ICPC detains TETFund boss ‘over questionable N7.6bn project’

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The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has detained Sonny Echono, executive secretary of the Tertiary Education Trust Fund (TETFund).

Demola Bakare, ICPC spokesperson, confirmed the development on Friday.

 

Bakare said that Echono was invited by the anti-graft agency on Thursday.

“The executive secretary of TETFund is here with us. He has been invited for questioning. He is still in custody. He was invited yesterday.” Bakare said.

 

“He was invited on Thursday. He has not been released. He’s still with us. Investigation is still ongoing.”

 

It was earlier reported that TETfund awarded two contracts to Fides Et Ratio Academy and Pole Global Marketing (PGM) within two months at the cost of N3.8 billion respectively without the approval of the federal executive council (FEC), which is required for the contract size.

 

The contract was to provide capacity building course and learning management systems to about 2 million students across higher institutions in the country.

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In a rejoinder, TETFund said it did not award N7.6 billion contracts to two companies without due process.

 

The agency said it was wrong to say they were contracts, whereas they were ICT projects implemented under a memorandum of understanding (MoU) which doesn’t require competitive bidding in public procurement.

 

TETFund further said its disbursement guidelines were approved by the president on the recommendation of the “Fund’s Board of Trustees and concurrence of the Honourable Minister of Education in line with the TETFund Act 2011″.

In an interview with TheCable, Echono said there was no form of irregularity in the N7.6 billion project.

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