AMCON in 2017 took over Arik Air over alleged indebtedness by the former owners of the airline. It had in 2016 taken over the management of Aero Contractors, the oldest indigenous carrier.
With both airlines under AMCON’s management, the federal government became the biggest operator in the domestic market.
But four years later, there is uncertainty over AMCON’s exit plan in the two airlines.
Last year, speculations were rife about the move by AMCON to rebrand Arik Air into Nigeria Eagle but this was swiftly debunked by the agency.
Its Head, Corporate Communications Department, Jude Nwazor had noted that the corporation currently has more than five airlines in its aviation portfolio, saying the proposed entity has nothing to do with rebranding any of the airlines under it.
FG releases N11.8bn pension for MDA retirees, 10 months arrears still outstanding
On
By Rosemary Iwunze
The Federal Government, yesterday, released the sum of N11.82 billion for payment of accrued rights for retirees of treasury funded Ministries, Departments & Agencies (MDAs) under the Contributory Pension Scheme (CPS).
Accrued rights represent benefits for employees of Treasury Funded MDAs who worked up to June 2004, before the Pension Reform Act that gave birth to the CPS was introduced.
However, Vanguard investigation shows that the amount will cover only two months arrears of January and February 2020. This is because the last payment for accrued rights was for December 2019. In essence, a backlog of ten months arrears is still outstanding.
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The Federal Government has released N11.82bn for payment of accrued rights of retirees of treasury funded Ministries, Departments and Agencies under the Contributory Pension Scheme.
The Head, Corporate Communications Department, National Pension Commission, Peter Aghahowa, disclosed this in a mail sent to our correspondent on Wednesday.
He stated, “The sum of N11.82bn has been released by the Federal Government for payment of accrued rights.
“Accrued rights represent benefits for employees of treasury funded MDAs who worked up to June 2004, when the Pension Reform Act was introduced.
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“The commission appreciates the effort of the Federal Government at ensuring that the accrued rights arrears are cleared.”
By Emma Okonji
Airtel Nigeria has been recognised for its efforts in storytelling and PR innovation at the 5th edition of the Lagos Public Relations and Industry Gala (LaPRIGA), a communications industry event at the instance of the Lagos Chapter of the Nigerian Institute of Public Relations.
The Corporate Communications Department of Airtel Nigeria has also been awarded the ‘Best Corporate Communications Team’ in Africa by the Sustainability, Entrepreneurship and Responsibility Awards (SERAs), an award platform designed to celebrate excellence in the practice of Sustainability and Corporate Social Responsibility (CSR) in Africa.
According to the citation read in honour of Airtel Nigeria at the LaPRIGA event, the telco was bestowed with ‘Best Brand in Storytelling’ and ‘Best Innovation in PR Practice’ awards for scoring high on a wide range of parameters ranging from creativity, storytelling and proactively engaging its various stakeholders.
The options according to
Aghahowa are: self-assisted or the Pension Fund Administrator (PFA)-assisted options.
He explained that the self-assisted option entails a prospective retiree scanning original copies of all relevant documents required for the exercise and uploading them to the enrolment web portal located on the commission’s website, www.pencom.gov.ng .
“The retiree is expected to visit his or her PFA for the verification and validation of the submitted documents after carrying out the processes.
“If a prospective retiree chooses the PFA-assisted option, he or she is required to initiate and conclude the verification/enrolment process by visiting his or her PFA.