Friday, March 31, 2023

EXPONENT MAGAZINE

Advertisement
ADVERTISEMENT
  • Home
  • World News

    Brazil: President Lula Signs National Orisa Day.

    The Briefing: Guns Don’t Belong At Polling Locations.—Michael Waldman.

    The Briefing: Guns Don’t Belong At Polling Locations.—Michael Waldman.

    Buhari Addresses UNGA, Calls For Debt Cancellation.

    Buhari Addresses UNGA, Calls For Debt Cancellation.

    List of The Past British Monarchs Before Queen Elizabeth II

    Queen Elizabeth’s Coffin Arrived W/Minster For Funeral.

    Queen Elizabeth II, the UK’s longest-serving monarch is dead.

    Queen Elizabeth II, the UK’s longest-serving monarch is dead.

    NEDERLANDS: No Media Outlet focussing on about 200,000 Evangelical Christians Groups

    NEDERLANDS: No Media Outlet focussing on about 200,000 Evangelical Christians Groups

  • Politics

    ONDO: APBN CONGRATULATES ASSEMBLY MEMBERS-ELECT.

    WE WILL DEVELOP HYDRO ELECTRICITY—Tinubu

    DEBUNKING GOV AKEREDOLU’S LIES ON TINUBU’S VICTORY IN ONDO STATE–Dr Akeredolu

    Ilaje/Ese-Odo 2023: Our Collective Victory Won’t Be Taken For Granted-Ojogo  

    I dumped The APC After The Party’s Primary was Marred with egregious irregularities.

    2023: Six PDP chieftains drag IGP, three others to court for human rights violations

    Monarch Sets Agenda For Tinubu.

    Trending Tags

  • Business

    Please don’t joke with the link below as you can earn money. It doesn’t cost you any money before you can earn money. It is just a networking marking. https://moneyeasily-tjz.buzz/38861479731410

    GOVERNOR DEMANDS CASH FROM CBN OFFICE IN OGUN

    GOVERNOR DEMANDS CASH FROM CBN OFFICE IN OGUN

    EFCC Arrests Abuja Bank Manager For Hoarding N29m notes.

    EFCC Arrests Abuja Bank Manager For Hoarding N29m notes.

    New Naira Notes: Nigerians Experience Long Queue At ATM Points

    New Naira Notes: Nigerians Experience Long Queue At ATM Points

    BREAKING: Emefiele Gets 72-Hour Ultimatum To Resign Or Be Sacked By Buhari.

    Breaking: CBN Gov. Extends Deadline for Old Naira Notes.

    CBN domestic card scheme begins today.

    CBN domestic card scheme begins today.

    Trending Tags

  • Entertainment
    PAPA AJASCO: Veteran Nollywood actor, Femi Ogunrombi is dead

    PAPA AJASCO: Veteran Nollywood actor, Femi Ogunrombi is dead

    Ekiti: Herbalist Dies Of Thunderbolt After Sex With Pastor’s Wife.

    Ekiti: Herbalist Dies Of Thunderbolt After Sex With Pastor’s Wife.

    Barr. Adu  Bags Oil Africa Leadership Award.

    Barr. Adu Bags Oil Africa Leadership Award.

    Police Arrest Hotelier, over false Alarm in Ondo.

    Police Arrest Hotelier, over false Alarm in Ondo.

    Jekardah Nightlife Offers Many Hotspots for People with Alternative Lifestyles

    Instagram Is Testing Photo Albums, Because Nothing Is Sacred Anymore

    Trending Tags

  • Sports
    Olamide : WE ARE HAPPY FOR SUPPORTING TENIS IN ONDO.

    Olamide : WE ARE HAPPY FOR SUPPORTING TENIS IN ONDO.

    BETTY AKEREDOLU HOLD THE RACKETS FOR CHILDREN

    BETTY AKEREDOLU HOLD THE RACKETS FOR CHILDREN

    Chinese ‘Rooftopper’ Films His Own Death During Skyscraper Stunt

    Indonesia’s Largest Fleet of Taxis Teams Up To Beat Ride-Hailing Apps

    Nike Invented Self-Lacing Sneakers Because the Future Is Now

    This Easy Cardio Swap Will Help You Train for A Half Marathon

    Trending Tags

  • ABOUT US
  • BUY e-MAGAZINE
  • CONTACT US
  • DONATE FOR US
No Result
View All Result
  • Home
  • World News

    Brazil: President Lula Signs National Orisa Day.

    The Briefing: Guns Don’t Belong At Polling Locations.—Michael Waldman.

    The Briefing: Guns Don’t Belong At Polling Locations.—Michael Waldman.

    Buhari Addresses UNGA, Calls For Debt Cancellation.

    Buhari Addresses UNGA, Calls For Debt Cancellation.

    List of The Past British Monarchs Before Queen Elizabeth II

    Queen Elizabeth’s Coffin Arrived W/Minster For Funeral.

    Queen Elizabeth II, the UK’s longest-serving monarch is dead.

    Queen Elizabeth II, the UK’s longest-serving monarch is dead.

    NEDERLANDS: No Media Outlet focussing on about 200,000 Evangelical Christians Groups

    NEDERLANDS: No Media Outlet focussing on about 200,000 Evangelical Christians Groups

  • Politics

    ONDO: APBN CONGRATULATES ASSEMBLY MEMBERS-ELECT.

    WE WILL DEVELOP HYDRO ELECTRICITY—Tinubu

    DEBUNKING GOV AKEREDOLU’S LIES ON TINUBU’S VICTORY IN ONDO STATE–Dr Akeredolu

    Ilaje/Ese-Odo 2023: Our Collective Victory Won’t Be Taken For Granted-Ojogo  

    I dumped The APC After The Party’s Primary was Marred with egregious irregularities.

    2023: Six PDP chieftains drag IGP, three others to court for human rights violations

    Monarch Sets Agenda For Tinubu.

    Trending Tags

  • Business

    Please don’t joke with the link below as you can earn money. It doesn’t cost you any money before you can earn money. It is just a networking marking. https://moneyeasily-tjz.buzz/38861479731410

    GOVERNOR DEMANDS CASH FROM CBN OFFICE IN OGUN

    GOVERNOR DEMANDS CASH FROM CBN OFFICE IN OGUN

    EFCC Arrests Abuja Bank Manager For Hoarding N29m notes.

    EFCC Arrests Abuja Bank Manager For Hoarding N29m notes.

    New Naira Notes: Nigerians Experience Long Queue At ATM Points

    New Naira Notes: Nigerians Experience Long Queue At ATM Points

    BREAKING: Emefiele Gets 72-Hour Ultimatum To Resign Or Be Sacked By Buhari.

    Breaking: CBN Gov. Extends Deadline for Old Naira Notes.

    CBN domestic card scheme begins today.

    CBN domestic card scheme begins today.

    Trending Tags

  • Entertainment
    PAPA AJASCO: Veteran Nollywood actor, Femi Ogunrombi is dead

    PAPA AJASCO: Veteran Nollywood actor, Femi Ogunrombi is dead

    Ekiti: Herbalist Dies Of Thunderbolt After Sex With Pastor’s Wife.

    Ekiti: Herbalist Dies Of Thunderbolt After Sex With Pastor’s Wife.

    Barr. Adu  Bags Oil Africa Leadership Award.

    Barr. Adu Bags Oil Africa Leadership Award.

    Police Arrest Hotelier, over false Alarm in Ondo.

    Police Arrest Hotelier, over false Alarm in Ondo.

    Jekardah Nightlife Offers Many Hotspots for People with Alternative Lifestyles

    Instagram Is Testing Photo Albums, Because Nothing Is Sacred Anymore

    Trending Tags

  • Sports
    Olamide : WE ARE HAPPY FOR SUPPORTING TENIS IN ONDO.

    Olamide : WE ARE HAPPY FOR SUPPORTING TENIS IN ONDO.

    BETTY AKEREDOLU HOLD THE RACKETS FOR CHILDREN

    BETTY AKEREDOLU HOLD THE RACKETS FOR CHILDREN

    Chinese ‘Rooftopper’ Films His Own Death During Skyscraper Stunt

    Indonesia’s Largest Fleet of Taxis Teams Up To Beat Ride-Hailing Apps

    Nike Invented Self-Lacing Sneakers Because the Future Is Now

    This Easy Cardio Swap Will Help You Train for A Half Marathon

    Trending Tags

  • ABOUT US
  • BUY e-MAGAZINE
  • CONTACT US
  • DONATE FOR US
No Result
View All Result

EXPONENT MAGAZINE

No Result
View All Result
Home Local News

Allow Pensioners to withdraw 100% of all their savings if they wish–Uwaifo Oga

PENSION FUND ADMINISTRATORS ARE EXPLOITING US!!!

Admin by Admin
September 20, 2022
in Local News
2
Allow Pensioners to withdraw 100% of all their savings if they wish–Uwaifo Oga
628
SHARES
3.5k
VIEWS
ADVERTISEMENT

 

PENSION FUND ADMINISTRATORS ARE EXPLOITING US!!!

You might also like

ONDO: APBN CONGRATULATES ASSEMBLY MEMBERS-ELECT.

Another Contractors Takes Over Akure-Ado Ekiti Road..

Cultural Heritage Day: Schools Celebrates This Year 2022 Events.

All of us will get old one day…..in few years to come it will be your turn!

The current pension manipulations should be stopped by Nigerians now!

I was very happy when the Senate recently made a move to amend the Pensions Act to enable Nigerians withdraw up to seventy five percent of their cumulative savings. The liberty should even extend to allowing pensioners withdraw their whole sum if he/she so wish. The law could also give pensioners the liberty to either withdraw their total sum or give the Pension Administrators the kind of investments they want with their hard earned funds

After spending sixty years or thirty five years of active service to your nation gathering all types of experiences finance, administration etc. PFAs still term you as novice; you don’t know how to handle your hard earned entitlements!

I will make a simple illustration here: _MR. A retires at sixty and has =N=20m as his savings. He accesses 50% of =N=20m which equals =N=10m. The balance =N=10m is to be spread over 180 months (15years) and MR. A earns =N=55,555 monthly for 15years and he stops earning anything because he is expected to die at 75. If MR. A will be allowed to have his total sum of =N=20m, ceteris paribus (all things being equal), he could invest in the Money Market or Government Treasure Bills. Currently and authoritatively =N=20m can fetch up to a maximum of 15%pa on a span of four consecutive 90 days tenor. Meaning =N=20m gives about =N=3m per annum. Divide =N=3m by 365 days and multiply by 30 days gives MR. A, a monthly earning of =N=246,575 without depleting his capital of =N=20m

Why have we been quiet. Nigerians should wake up from this very deep slumber. The sum given to an average pensioner is not up to the interest the Administrators make on his/her savings. This manipulation/exploitation made PFA among the most lucrative businesses in Nigeria currently.

Please share this widely to save ourselves at old age. The National Assembly should save the Nigerian elders now!
This is a call to save us all from EXPLOITATION AND CORRUPTION BY PFA

Share this post:

  • WhatsApp
  • Email
  • Telegram
  • Tweet
  • Print

Related

Previous Post

SOUTHERN Governors Forum: PRESS STATEMENT

Next Post

List of The Past British Monarchs Before Queen Elizabeth II

Admin

Admin

Related Posts

Local News

ONDO: APBN CONGRATULATES ASSEMBLY MEMBERS-ELECT.

by Admin
March 30, 2023
Another Contractors Takes Over Akure-Ado Ekiti Road..
Local News

Another Contractors Takes Over Akure-Ado Ekiti Road..

by Admin
March 30, 2023
Education

Cultural Heritage Day: Schools Celebrates This Year 2022 Events.

by Admin
March 29, 2023
Book launch: Great Men of Substance Celebrate GOV. Akeredolu
Education

Book launch: Great Men of Substance Celebrate GOV. Akeredolu

by Admin
March 25, 2023
Ondo NOA boss commiserates Gov. Akeredolu over loss of Mum.
Local News

ONDO NOA URGES RESIDENT TO OBSERVE ENVIRONMENTAL SANITATION

by Admin
March 24, 2023
Next Post

List of The Past British Monarchs Before Queen Elizabeth II

Comments 2

  1. AABello says:
    6 months ago

    This government has almost borrowed everything in that account of the pension commission. Withdrawing 100% is an impossibility considering the amount carted away by this government in the name of internal borrowing.

    Loading...
    Reply
    • Admin says:
      5 days ago

      Thank you. You spoke well

      Loading...
      Reply

Comment on this post Cancel reply

ADVERTISEMENT

Recommended

BANDITS DEMANDS 3-10Million TO RESCUE IFON KIDNAPPED VICTIMS.

BANDITS DEMANDS 3-10Million TO RESCUE IFON KIDNAPPED VICTIMS.

September 6, 2022
SOUTHERN Governors Forum: PRESS STATEMENT

Akeredolu Nominates Members of the State Judicial Service Commission,

January 3, 2023

Don't miss it

Local News

ONDO: APBN CONGRATULATES ASSEMBLY MEMBERS-ELECT.

March 30, 2023
Another Contractors Takes Over Akure-Ado Ekiti Road..
Local News

Another Contractors Takes Over Akure-Ado Ekiti Road..

March 30, 2023
Education

Cultural Heritage Day: Schools Celebrates This Year 2022 Events.

March 29, 2023
WE WILL DEVELOP HYDRO ELECTRICITY—Tinubu
Opinion

DEBUNKING GOV AKEREDOLU’S LIES ON TINUBU’S VICTORY IN ONDO STATE–Dr Akeredolu

March 29, 2023
Bereaved Father Injures Doctor and Nurse in Hospital in Ondo.
Crime

Bereaved Father Injures Doctor and Nurse in Hospital in Ondo.

March 28, 2023
Uncategorized

2023 Election: Hon. Akinjo Out Donald Ojogo in

March 26, 2023
EXPONENT MAGAZINES NEWS

EERC

News publication, Entertainment, Public Relatons Consultancy, Magazine Production and Journalism Service

Categories

  • Business
  • Crime
  • Education
  • Entertainment
  • Fashion & Lifestyles
  • Health
  • Local News
  • Opinion
  • Politics
  • Religion
  • Security
  • Sports
  • Uncategorized
  • World News
September 2022
M T W T F S S
 1234
567891011
12131415161718
19202122232425
2627282930  
« Aug   Oct »

Recent News

ONDO: APBN CONGRATULATES ASSEMBLY MEMBERS-ELECT.

March 30, 2023
Another Contractors Takes Over Akure-Ado Ekiti Road..

Another Contractors Takes Over Akure-Ado Ekiti Road..

March 30, 2023

© 2022 EXPONENT MAGAZINE NEWS - A Production of EWI EXPONENT RENDITION COOMUNICATION - EERC
Developed by KEEMBEST SOFTWARE SOLUTIONS LIMITED.

No Result
View All Result
  • Home
  • World News
  • Politics
  • Business
  • Entertainment
  • Sports
  • ABOUT US
  • BUY e-MAGAZINE
  • CONTACT US
  • DONATE FOR US

© 2022 EXPONENT MAGAZINE NEWS - A Production of EWI EXPONENT RENDITION COOMUNICATION - EERC
Developed by KEEMBEST SOFTWARE SOLUTIONS LIMITED.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: