A media partner of Sanctity Of Truth
NIGERIA’S MOST AUTHORITATIVE NEWSPAPER IN POLITICS AND BUSINESS
Tuesday, April 7, 2015
/newtelegraph
Vol. 2 No. 412
@newtelegraph1 www.newtelegraphonline.com
N150
PDP members occupy Assembly over FAYOse impeachment threat
}8
PenCom moves to frustrate states' access to bonds Sunday Ojeme
F
ollowing the failure of some state governments to fully key into the provisions of the Pension Reform Act 2014, the National Pension Com-
mission (PenCom) may liaise with the Securities and Exchange Commission (SEC) to deny defaulting states access to bonds from the capital market in future. The move, New Tele-
graph learnt, is to compel all the state governments to key into the Contributory Pension Scheme (CPS) by registering their workers as well as remitting every deduction made from the workers’ salaries in
the case of those that have registered their workers. A source at the commission, who spoke on the condition of anonymity, told New Telegraph that there was no other way to get the states to comply with
the scheme other than putting mechanism in place to deny them access to bonds. According to him, with the way things are going, there is no other way to penalise any state government that has either re-
fused to register workers or those who registered their workers, deduct the pension but fail to remit the deductions to the appropriate Pension Fund Administrators (PFAs) CONTINUED ON PAGE 5
Poll: Outrage over anti-Igbo statement
}2 lOba of Lagos: I didn't threaten Ndigbo lPDP, Fashola, George, Ambode, Ohanaeze react
Quick Read
Editorial
The need to vote wisely }19 Abia North: INEC official dissociates self from results }7
A cross-section of children in class session in an Internally Displaced Persons' camp at Durumi in Abuja…yesterday.
PHOTO: NAN
‘No going back on card readers on April 11' Travel Advisory
Your guide to local and international flights }4
Onyekachi Eze and Johnchuks Onuanyim Abuja
T
he Independent National Electoral Commission (INEC) has declared that there is no going back on the use
of Smart Card Readers (SCRs) for the April 11th governorship and House of Assembly elections. The declaration came
despite the challenges experienced with the use of the card readers in the March 28 Presidential and CONTINUED ON PAGE 5