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Published On: Mon, Oct 28th, 2019

Varsity Pension Nets N12.5B – Atiku

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Maryam Abeeb, Abuja

The Nigerian University Pension Management Company Limited (NUPEMCO) has in net the sum of N12.5b as contributory pension From University staff in less than two years.
Leader of the NUPEMCO delegation Alh. Aliyu Atiku said this weekend when NUPEMCO officials paid a working visit on the Hon Minister of education Adamu Adamu in his office in Abuja.
Speaking further, Alh.Aliyu Atiku expressed delight that the universities were responding positively to the call for investment in and ownership of NUPEMCO.
He also expressed satisfaction that the Academic Staff Union of Universities (ASUU) the principal Partner, being owners of the majority shareholding, are responding positively to NUPEMCO in terms of contributions by members of the union.
While lamenting over the low cooperation of some Universities, Atiku appealed to the Minister to intervene and ensure that the entire Universities in Nigeria invest in NUPEMCO.
The minister, Adamu, charged NUPEMCO to treat the retirees equally, calling on the leadership to use pencon contributions judiciously to ensure that retirees start receiving their pension immediately after retirement.
Adamu Adamu further challenged NUPEMCO to be transparent in their administration of pension funds so that when others see the seriousness of NUPEMCO as a viable Pension Fund Administrator (PFA) they would have no choice but join.

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