Finance

Nigeria: Investigate Pre-shipment Inspection Cancellation Order, Groups Urges Lawan
Economy, Finance, News, Nigeria

Nigeria: Investigate Pre-shipment Inspection Cancellation Order, Groups Urges Lawan

A group, Social Integrity Network (SIN) on Tuesday urged the Senate President,  Dr.  Ahmad Lawan to urgently investigate the pre-shipment inspection which was cancelled by the Nigeria Customs Service during the tenure of Alhaji Dikko Inde, former Comptroller of Customs. The Protesters who stormed the streets of Kaduna after press conference to demonstrate over the failing economic situation in the nation allying the fear that the war against insurgency may not end so soon. At a press conference held, the Social Integrity Network, (SIN) said: “If Nigeria government is really serious about the fight insurgency, they must revisit the matter and reverse the action with immediate effect. Because it is through this means that dangerous weapons are finding their ways into the country. “D...
Nigeria: Pension Fund Administrators Exploiting Pensioners
Corruption, Economy, Finance, News, Nigeria

Nigeria: Pension Fund Administrators Exploiting Pensioners

Nigerian workers have been faced with different challenges over the years. All of these challenges hinge around government's insensitivity to their plight. We have heard stories of pensioners not receiving their pensions and we have even heard of those that collapse and even die while waiting to be paid. Given all of these, Nigerian workers thought their woes were over with the introduction of PFAs which allowed their funds to be managed by independent organizations. This appears not to be the case. While we've learnt that the Federal Government for about the past two years has not been remitting to the PFAs the deductions they make from the salaries of their employees not to mention the contributions they are supposed to make, we've also learnt that the PFA's themselves have been se...