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PenCom Does Not Give Loans to Federal Government, says DG

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Mrs Aisha Dahiru Umar ,DG Pen Com

 

Mrs. Aisha Dahir-Umar, the Director General of National Pension Commission (PenCom), has described as “totally misleading” widespread reports that the Commission gave a N10 trillion loan to the Federal Government.

She also responded to claims that PenCom was owing Federal Government retirees arrears of pensions as well as insinuations that Pension Fund Administrators (PFAs) are not fulfilling their obligations to retirees with regards to access to their retirement savings.

Mrs. Dahir-Umar, in a media interview at the weekend, said apart from the fact that PenCom is not a bank and does not warehouse or manage pension funds, the Federal Government did not take a loan of N10 trillion from the Commission.

“Investments by the PFAs in the securities of the Federal Government of Nigeria (FGN) are not loans as erroneously portrayed, but investments in securities, through bonds and treasury bills, as approved by the relevant government agencies, in this case the Debt Management Office (DMO) and Securities and Exchange Commission (SEC). They are traded on authorized capital markets. That is, the Nigerian Exchange Limited and FMDQ OTC Securities Exchange,” she explained.

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“Moreover, pension fund assets are not managed by PenCom. I have said it repeatedly that when we say pension assets have grown to N15 trillion, that does not mean PenCom has N15 trillion locked somewhere in its office or bank accounts. Pension fund assets are managed by the licensed PFAs and held in custody by the licensed Pension Fund Custodians (PFCs). The PFAs are responsible for investing pension fund assets in allowable asset classes, including FGN debts instruments. The objectives are safety and fair returns. All these are in line with the provisions of the enabling law, the Pension Reform Act 2014, and the rules issued by the Commission. It is obvious from the above that what is referred to ‘loan to FGN’ is just investment in FGN securities by the PFAs, as is done by other institutional investors such as banks, insurance companies, asset managers, etc.”

Mrs. Dahir-Umar added that it is an international best practice to invest in investible instruments issued or backed by the sovereign authority and that the FGN securities meet the objectives of safety and fair returns.

“The FGN has consistently met its repayment obligations, both principal amount and accrued interest, for all investments in bonds and T-bills to all investors including pension funds. The information is always in the open and accessible on our website, www.pencom.gov.ng,” she said.

The PenCom DG further clarified claims about outstanding benefits to Federal Government retirees.

“The delayed payment of retirement benefits to some Federal Government retirees and deceased employees is because of the inadequate and delayed funding for the payment of Accrued Pension Rights for those who were in service before the Contributory Pension Scheme (CPS) was introduced when PenCom was established in 2004,” she said.

“Payment of the accrued rights is subject to release of funds by the Federal Government. So, it is beyond the powers of the Commission. However, we have been engaging the Federal Ministry of Finance for more funds to be released to settle these liabilities, but it is not a secret that the government itself has budgetary constraints.”

She said all those enrolled under the CPS have been receiving their benefits through their PFAs and there is no unsolved complaint before the Commission.

 

 

 

 

 

 

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Fombina Imprints Marks World Book Day with Symposium at KHAIRUN

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To mark the 2025 World Book Day declared by UNESCO, Kano-based publishing outfit Fombina Imprints Limited is organizing an event themed “Crisis of Standards, Decline of Reading Culture, and the Challenges of Publishing in the Digital Era.”

The event, scheduled for Tuesday, April 23, 2025, will take place at Khalifa Isyaku Rabiu University (KHAIRUN) , Kano, and will begin at 10:00 a.m.

The celebration will include a symposium, two panel discussions, a book exhibition, and a book gifting session.

According to the organizers, the activities aim to encourage reading habits among youths, foster discussions around the role of books in education, and examine current issues in the publishing industry.

Speaking ahead of the event, Buhari Abba, the Public Relations Manager of Fombina Imprints, said the occasion is not just to celebrate books but also to raise awareness.

“This event is a wake-up call to confront the shrinking reading culture among young people, the threats to educational quality, and the survival of publishing in a digital world,” he stated.

The symposium will be chaired by Professor Lukman I. Diso of Bayero University’s Department of Library and Information Sciences. Scholars and experts expected to speak include Professor Asabe Sadiya Mohammed, Provost of Aminu Saleh College of Education, Azare, and Dr. Mohammed Aminu Aliyu from the Department of Economics at BUK.

Two panel sessions will offer space for further engagement. The first, chaired by Dr. Bilkisu Yusuf Ali of Al-Qalam University, will examine “The Challenges of Publishing in the 21st Century” with panelists such as Ado Ahmed Gidan Dabino, Kabiru Musa Jammaje, and Khalid Imam.

The second panel, chaired by Professor Murtala Muhammad of Northwest University, will address “The Challenges of Reading Culture Among Youths.”
Speakers will include journalist Ismail Auwal, poet and creative director Nasiba Babale, HumAngle reporter Aliyu Dahiru, and Sadiya Lawal Danyaro, a lecturer from the Federal University Dutsin-Ma.

Fombina Imprints will also donate books to selected schools, including Government Girls Secondary School, Shekara, and Usman International School, Gandu, Kano.

“Books are not just tools for learning; they are instruments of transformation. We believe in investing in young minds, and this book donation is part of our little way to support education in our community,” Buhari Abba added.

The 2025 World Book Day celebration by Fombina Imprints aims to bring together authors, publishers, scholars, students, and readers to reflect on the role of books in a rapidly changing world.

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Hajiya A Hanga Elected Chairperson of CARAV, Pledges Renewed Fight Against Rape and Violence

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.By Our Correspondent.

Hajiya Amina Hanga, the Executive Director of Isa Wali Empowerment Initiatives, has been elected as the new chairperson of the Coalition Against Rape and Violence (CARAV).

CARAV is a collaboration of key stakeholders from governmental and non-governmental organizations united in their fight against rape and violence through various strategic initiatives.

Other persons also elected to various positions include: Aisha Abubakar as vice chairperson, Abbas Ibrahim as Secretary, Mustapha Gambo Muhammad as Assistant Secretary, Mustapha Muhammad as Treasurer, and Dayyabu Abdulqadir Waziri as Financial Secretary.

These individuals will steer the activities of the Coalition for the next two years.

In her speech, the newly elected chairperson of CARAV emphasized the need for members’ cooperation and commitment to eradicating rape and violence.

She highlighted that the harmful practice requires collective efforts to combat the action

“We come together today not merely to remember why we began this journey, but to rekindle the fire that drives us. We are here to revive something that should never have gone quiet—a coalition united against rape, sexual violence, and all forms of abuse.

The convener also added,” We are here to re-energize our efforts, realign our strategies, and recommit to our shared mission of ending violence and creating safe spaces for survivors and communities. Rape and violence continue to cast dark shadows over too many communities, leaving survivors in pain and societies grappling with the consequences. In the face of these challenges, CARAV used to stand as a beacon of hope, resilience, and determination.”

She pointed out that the reactivition meeting marks a pivotal moment. “We are here to reignite our purpose, strengthen our unity, and chart a renewed path forward.

According to her, CARAV has the power to amplify the voices of survivors, to push for systemic change, and to cultivate a culture where dignity, respect, and safety are not privileges, but rights afforded to every individual.

In her remarks, Justice Maryam Ahmad Sabo, a founding member of the Coalition, highlighted the need for the prevention of such occurrences.

The Jurist, stressed the need for sensitization and strong collaboration among stakeholders as the way forward to combat the menace

Speaking as a founding father, Professor Muhammad Tabi’u, SAN, explained that the establishment of CARAV was a direct response to a 2011 rape case involving some law enforcement officers.

The legal luminary stated, “The case attracted a public outcry until the culprits were brought to book by the court of law.” This event, Professor Tabi’u emphasized, highlighted a serious concern about the rampant occurrence of Sexual and Gender-Based Violence.

According to him, from its inception, the Coalition adopted tactical strategies, incorporating both CSOs, Government Agencies, and Non-Governmental Organisations.

Professor Tabi’u charged new leadership to be committed and review constitution of Coalition and refine strategies to address the prevalent of rape occurrance.

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Petition:VP Summons NAHCON Chair, Board Members

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Vice President Kashim Shettima has summoned the Chairman of the National Hajj Commission of Nigeria (NAHCON) Prof. Abdullahi Saleh Usman and board members of the commission for a meeting today at the Vice President’s Conference Room.

A letter of invitation sighted by Daily Trust, and signed by Deputy Chief of Staff to the President, Office of the Vice President, Sen. Ibrahim Hassan Hadejia, revealed that the meeting slated for today was to brief the Vice President on preparation for the 2055 Hajj and outstanding issues.

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It could be recalled that the chairman and the non-executive board members of the commission have been having issues on lack of inclusion in some decisions made by the chairman for the preparation of the 2025 Hajj.

This culminated into a petition to the Vice President who warned the chairman to stop running the affairs of the commission as a sole administrator.

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