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FG Inaugurates PenCom Board, Charges Members To Protect ₦28 Trillion Pension Funds.

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The Federal Government on Monday inaugurated the Governing Board of the National Pension Commission (PenCom), urging members to uphold strong corporate governance and protect over ₦28 trillion in pension assets under the Contributory Pension Scheme.....KINDLY READ THE FULL STORY HERE▶

The commission issued a statement following the ceremony held in Abuja, highlighting the board’s critical role in Nigeria’s financial system.

At the event, the Secretary to the Government of the Federation, George Akume, described PenCom as “a key pillar of Nigeria’s financial sector, responsible for the retirement savings of millions of Nigerians.”

He noted that the inauguration underscores the government’s commitment to building “a pension system that is transparent, resilient, and trusted,” adding that the board’s role is of “national importance.” Members are expected to provide strategic direction, policy guidance, and effective oversight in accordance with the Pension Reform Act 2014, while refraining from interfering in daily operations.

“While the Board is responsible for oversight, Management must handle day-to-day operations. Any interference could weaken accountability and institutional effectiveness,” Akume warned.

He highlighted that the pension sector has grown significantly, with total assets exceeding ₦28 trillion, and stressed that the board should adopt a zero-tolerance approach to misconduct, strengthen internal controls, enhance risk management, and ensure transparency.

“The Board’s actions must reinforce public confidence and assure contributors that their savings are safe, secure, and well managed,” he added, noting the administration of Bola Tinubu is committed to meeting pension obligations, addressing outstanding liabilities, and ensuring retirees receive their benefits promptly and with dignity.

Chairman Opeyemi Agbaje, speaking on behalf of the board, thanked the President for the appointment and pledged to uphold corporate governance, integrity, and strong leadership. He also highlighted plans to leverage pension funds for national development, particularly in infrastructure, housing, and other critical sectors.

The Director-General of PenCom, Omolola Oloworaran, described the inauguration as timely, commending the SGF for overseeing the commission during its period without a board. She emphasised that all board decisions must deliver tangible benefits to contributors and retirees and expressed optimism about a productive relationship between management and the board.

The inauguration comes after earlier delays in constituting the board, following Agbaje’s appointment as chairman in August 2025 amid pressure from organised labour, including threats of industrial action. The move is expected to strengthen oversight and boost public confidence in the management of pension funds nationwide.

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Police Arrest NSCDC Officer With Pistol, 17 Bullets At Abuja Kubwa Market.

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An officer of the Nigeria Security and Civil Defence Corps (NSCDC) has been arrested for allegedly firing gunshots into the air during a confrontation with traders at Kubwa Market in Abuja.....KINDLY READ THE FULL STORY HERE▶

The officer, identified as Onoja Samuel, reportedly arrived at the market armed with a pistol following allegations that some traders had assaulted his wife.

The Federal Capital Territory (FCT) Commissioner of Police, Ahmed Mohammed Sanusi, disclosed the incident while addressing journalists at the command on Wednesday, Naija News reports.

Sanusi said the police received a distress call from Kubwa Market, located in the Bwari Area Council, reporting that a man was shooting into the air.

Following the report, officers attached to the Kubwa Police Division were deployed to the scene, where they arrested the suspect.

According to the police commissioner, preliminary investigations revealed that Samuel holds the rank of Deputy Superintendent of Corps (DSC) in the NSCDC.

He explained that the officer allegedly fired several shots during an argument with the traders.

“During the ensuing argument with the traders, Onoja Samuel, who is a DSC with the NSCDC, fired several shots into the air,” Sanusi said.

The police recovered a CZ pistol and 17 rounds of live 9mm ammunition from the suspect.

Sanusi added that Samuel remained in police custody and would be charged in court upon the conclusion of investigations.

The commissioner also urged personnel of other security agencies operating in the FCT to exercise restraint and notify the police divisions responsible for their areas before conducting authorised operations.

He stressed that effective coordination among security agencies was essential to preventing confrontations and maintaining peace across the territory.

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‘We Don’t Want Another Mohbad Case’ – Laolu Gbenjo Speaks On Toluwanisings.

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Nigerian gospel singer Laolu Gbenjo has cautioned the public against spreading unverified information about the circumstances surrounding the death of his colleague, Bayonile Bolaji, popularly known as Toluwanisings.....KINDLY READ THE FULL STORY HERE▶

Gbenjo’s warning comes amid growing controversy surrounding the late singer’s death and burial arrangements, with reports of disagreements among members of his family.

The gospel singer spoke on Tuesday during a night of tributes held in honour of Toluwanisings in Ibadan, Oyo State. He warned against allowing the situation to degenerate into a controversy similar to the one that followed the death of Nigerian singer Mohbad.

Describing the deceased as a devoted Christian and a genuine servant of God, Gbenjo said Toluwanisings was passionate about his faith and had a good relationship with people.

He urged the public to stop fuelling unnecessary controversy over the late singer’s death, particularly through social media platforms such as TikTok and Instagram.

“You can never see Toluwani in the midst of jobless people. He had a good heart. He was a friend to everybody. He served the Lord with all his heart. Don’t turn Toluwani into Mohbad. That madness on TikTok and Instagram must stop. If you are jobless, go and look for a job,” Gbenjo said.

Meanwhile, comedians Ayobami Ajewole, popularly known as Woli Agba, and Olamide Oladimeji, also known as Dele Omo Woli, have threatened legal action against individuals allegedly linking them to Toluwanisings’ death.

Woli Agba disclosed this in a public notice shared on his Instagram page on Sunday.

In the notice issued by their solicitors, Gemgold, the comedians warned members of the public against publishing or circulating allegations they described as false and defamatory against them.

The legal notice maintained that the allegations were baseless and intended to damage the reputations of the two entertainers.

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El-Rufai’s ₦1bn Legal Battle Takes New Turn As Court Fixes Judgment Date.

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The Federal High Court in Abuja has fixed December 2, 2026, for judgment in the ₦1 billion fundamental rights suit filed by former Kaduna State Governor, Nasir El-Rufai, against the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and other respondents.....KINDLY READ THE FULL STORY HERE▶

Justice Joyce Abdulmalik set the date after lawyers representing the parties adopted their respective court processes.

However, El-Rufai’s lawyer was absent when the case was initially called. The judge subsequently deemed the former governor’s filed processes adopted.

Counsel to the ICPC, Abdul Mohammed (SAN), adopted the commission’s court processes and urged the judge to dismiss the suit in its entirety.

Similarly, the lawyer representing the Inspector-General of Police, ACP Ezekiel Rimamsomte, and Maimuna Lami-Shiru, Director of Civil Litigation and Public Law, who appeared on behalf of the Attorney-General of the Federation (AGF), adopted their respective processes and asked the court to dismiss the case.

During the proceedings, El-Rufai’s lawyer, Ubong Akpan, arrived in court and apologised for his lateness.

When Akpan sought the court’s permission to adopt his client’s processes, Justice Abdulmalik informed him that the documents had already been deemed adopted.

The judge subsequently adjourned the matter until December 2, 2026, when judgment is expected to be delivered.

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