KWARA GOVT DONATES 150 OFF-ROAD MOTORCYCLES TO NIGERIAN ARMY. (PHOTO). #PRESS RELEASE

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 Kwara Govt donates 150 off-road motorcycles to Nigerian Army •LGAs acquire 320 motorcycles to boost vigilantes' security operations  In a bid to further strengthen security operations and maintain peace across Kwara State, His Excellency Governor AbdulRahman AbdulRazaq-led Kwara State Government has donated 150 off-road motorcycles to the Nigerian Army. The motorcycles are expected to enhance troops' mobility and effectiveness, particularly in rugged terrains such as forests, where non-state actors may be hiding with intent to destabilise the peaceful atmosphere of the state. This strategic intervention follows recent reports of the disturbances of non-state actors in parts of Kwara South and Kwara North.  In response, on Monday, April 21, 2025, Governor AbdulRazaq led a high-powered joint security delegation on an operational assessment tour to the Kaiama Local Government Area in Kwara North. Within 24 hours of the tour, the Governor also held a strategic meeting with t...
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RECOVER N10TRN PENSION FUND FROM FG- REPS DIRECT PENCOM. (PHOTO).

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Recover N10trn Pension Fund From FG - Reps Direct PenCom

House of Representatives has directed the National Pension Commission (PenCom) to recover the N10 trillion loan given to the Federal Government from the nation’s pension fund.

The House also resolved to investigate the status of pension fund assets of over N15.5trillion to ensure recovery of the loan. 

Adopting a motion by a member from Bauchi state, Aliyu Bappa-Misau, the House urged pension regulators to scrutinize the failure of Pension Fund Administrators (PFAs) in fulfilling their obligations on Retirement Saving Accounts.

The lawmaker stated that the Retirement Saving Accounts (RSAs) is the lifeline that pensioners rely upon to cater for their needs on retirement.

He expressed concern that most pensioners are unable to access their retirement funds, despite complying with the requirements of the scheme. 

The Lawmaker added that the inability of pensioners to access their pension has caused untold hardship to them, making it difficult for them to afford basic necessities.

“Neither the PenCom nor the PFAs have been able to reassure pensioners of getting their entitlements without stress. Modalities should be put in place to prevent a collapse of the scheme.

“The pension fund assets, which PenCom regulates, being the proceeds of the Contributory Pension Scheme and returns on investment, stood at more than 15.5trillion as at the close of the first quarter of 2023.

He said critical stakeholders have expressed concern that 65% of the pension funds (N10 trillion) loaned to the Federal Government was an investment which has exposed the contributors to unnecessary volatility.

According to him, the Federal Government may fail to pay back the loan in due time.

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