Stanbic IBTC Pension Managers  Boosts  Women  Empowerment In Nigeria

 

Stanbic IBTC Bank partners UN on women empowerment in Nigeria

 

Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings PLC, recently held a webinar aimed at encouraging women empowerment and development in Nigeria.

 

The virtual event tagged “Ladies At the Table Empowerment Series” (LATTES) was designed to advance and equip women with the requisite information required to have successful businesses, careers, relationships and homes.

 

The inaugural LATTES session themed: ‘Balancing Career Success, and Personal Wellness’ featured a seasoned Human Resources professional and a wellness expert who shared tips on work-life balance and healthy living, respectively.

 

Speaking on the  reason  behind the event, Nike Bajomo, Executive Director, Business Development, Stanbic IBTC Pension Managers, stated that Stanbic IBTC has always been at the forefront of women empowerment.

 

She said: “We believe that there are opportunities for every woman to thrive and blossom, and as such, we consistently create avenues to help women make the most of these opportunities. At Stanbic IBTC, empowering women remains a core priority for us.

 

“The pandemic particularly impacted women as many of us had to balance our natural roles as nurturers with showing up every day at our jobs with our A-game intact while dealing with all the challenges that came with the new normal. We, therefore, are hoping that LATTES will be an avenue to help women bounce back quicker and continue to thrive well after the pandemic is completely behind us,” Bajomo added.

 

The event featured Tolulope Agiri, Group Chief Human Resources Officer, Interswitch and Sherese Ijewere, Founder, Carib Health Limited. The speakers shared insights and experiences with participants on how women can excel in every chosen field while incorporating work-life synergy and wellness. 

 

Agiri said: “Many women often find it difficult to create time for themselves. They are constantly juggling career paths and playing the role of caregivers, even in difficult times. Sighting the pandemic as an example, Tolulope explained how women struggled to keep both the home front and their jobs. She said this affected many women who could barely take care of themselves and still had to be there for their families and show up at work.

 

“It is of paramount importance to set aside time for family and dedicate a portion of that time for self-care and personal development. While no one has it all, a strong support system that ensures women thrive at home and work cannot be overemphasised. A support system is critical to your growth and mental wellness as it helps create work-life balance,” she said. 

Agiri advised women who are creating value in their workplaces to make demands that will make their jobs easier. She urged women who aspire to be leaders to work synergistically with their employers to make work-life balance a reality.

 

Speaking on how women can incorporate wellness into their day-to-day lives, Sherese Ijewere, said “The little steps you take to ensure you are healthy and well go a long way to helping you succeed in life. Self-care should not be underestimated because any imbalance leads to the development of various ailments. .”

 

She urged women to take care of themselves so they can take care of others. She advised women to imbibe a deliberate practice of self-care, which would lead to higher productivity levels and reduce fatigue.

 

Ibiyemi Mezu, Executive Director, Business Development, Stanbic IBTC, commended  the initiative and reiterated Stanbic IBTC’s commitment to creating initiatives such as this to help women harness the genius in them at all times, irrespective of the field they operate in.

FG Agrees To Pay  Outstanding Arrears

19 Insurance firms fail PenCom compliance for CPS - Vanguard News
The National Pension Commission has said that the Federal Government has given an order to clear the outstanding pensions of its retirees under the Contributory Pension Scheme.
PenCom said this in a statement in Abuja.
It informed all its stakeholders, particularly retirees of treasury-funded Federal Ministries, Departments and Agencies, that the President, Major General Muhammadu Buhari (retd.) had approved PenCom’s submission on the payment of some critical aspects of the outstanding pension liabilities of the Federal Government under the Contributory Pension Scheme.
The statement said:“Specifically, the President has approved payment of outstanding accrued pension rights for verified and enrolled retirees of treasury-funded MDAs that retired but are yet to be paid their retirement benefits, as well as the back log of death benefits claims due to beneficiaries of deceased employees of treasury funded MDAs.
“Payment of 2.5 per cent differential in the rate of employer pension contribution for FGN retirees and employees which resulted from the increase in the minimum pension contribution for employers from 7.5 per cent to 10 per cent in line with Section 4(1) of the PRA 2014.Payments for retirees and existing employees would take effect from July 2014.”
It noted that subsequently, the Federal Government was expected to continue with the payment of the 10 per cent rate of employer pension contribution for its employees, ensuring a remittance of at least 18 per cent monthly (employer 10 per cent and employee eight per cent) as provided by the PRA 2014.
 The agency stated that funds had already been made available for the settlement of the above stated pension liabilities.
Default:PenCom  Fines 25 Employers N446.17m

 

Embrace pension scheme to prevent poverty at old age, PenCom advises  Nigerians - Homeland News
The National Pension Commission has said it fined 25 employers the sum N446.17m for not remitting the pension funds of their employees
It also recovered N608.55m from the employers who deducted the monthly emoluments of their workers but did not remit to their respective Pension Fund Administrators.
 The agency disclosed these in its first-quarter 2021
 It said:“Following the issuance of demand notices to defaulting employers whose pension liabilities had been established by the Recovery Agents, the sum of N608,554,747.59 representing principal contribution (N162,385,260.05) and penalty (N446,169,487.54) was recovered from 25 defaulting employers during the quarter under review.”
The report said in the first quarter, 25 states of the federation had enacted pension laws on the Contributory Pension Scheme, while seven states were at the bill stage.
It said of the five states operating other pension schemes, four states had adopted the Contributory Defined Benefits Scheme, while one (Yobe State) operated the Defined Benefits Scheme.