As part of its commitment to give back to the society, Trustfund Pensions Limited is set to partner with the Federal Capital Development Authority (FCDA), in the beautification of Abuja, the Federal Capital Territory.
The Company under its Corporate Social Responsibility (CSR) Initiative, has indicated its preparedness to adopt the popular Mabushi interchange within the FCT; as a way of touching lives within its immediate business community.
Managing Director/Chief Executive Officer (MD/CEO) of Trustfund Pensions Limited, Helen Da-Souza, made this known, during a courtesy call on the Ag. Coordinator of the Abuja Metropolitan Management Council (AMMC), Hajia Safiya Umar in Abuja recently.
Mrs. Da– Souza, who was represented by the Company Secretary/Legal Adviser (CS/LA) of Trustfund, Miss Monica Ani stated that, Trustfund instituted the CSR platform tagged “Trustfund Cares”, to basically promote positive social economic and environmental changes.
She noted that through this initiative, Trustfund seeks to integrate its business operations with good values whereby the interests of all stakeholders, customers, employees, the community and the environment are reflected.
She stated, that the beautification of the Mabushi interchange is a way of giving back to “our immediate business community”. When completed, the interchange will become a tourist haven for residents during festive and yuletide seasons.
Ag. Coordinator AMMC, Hajia Safiya Umar, commended the Management of Trustfund Pensions Limited for the bold step. According to her, the fact that the initiative is unsolicited is highly commendable. She reiterated AMMC’s willingness to partner with Trustfund in ensuring that the Mabushi interchange is allocated to the Company with all relevant approvals by the office of the Minister of the Federal Capital Territory.
She said a request will be forwarded to the Minister’s office and a date secured for the Trustfund team to make a presentation to the Minister, Mallam Mohammed Bello.
Hajia Umar, urged other organizations to emulate Trustfund and support the Federal Government by adopting and maintaining some of the several parks within the FCT, as the responsibility should not be left to the Federal Government alone.
PENCOM Seeks N113 Billion To Pay Government Retirees
The Director General, National Pension Commission (PenCom), Mrs. Chinelo Anohu-Amazu, has sought the appropriation of over N113 billion for the 2017 retirees of the Federal Government, against the initial N50.2 billin submitted in the 2017 Appropriation Bill, thereby resulting in a shortfall of almost N63 billion.
The PenCom boss disclosed this in a memorandum submitted to the National Assembly Joint Committee on Appropriations at the budget defence session on the 2017 budget estimate, a copy of which was made available to our correspondent.
The Commission noted that the entire fund should be approved pursuant to Section 39(3) of the Pension Reform Act (PRA) 2014. The Pension Regulator maintained that the most critical challenge of the implementation of the Contributory Pension Scheme (CPS) in Nigeria today, is the non-payment of retirement benefits due to insufficient appropriation and late release of appropriated funds for the payment of accrued pension rights.