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Nigeria
Udo Udoma & Belo-Osagie
Did you know that the National Pension Commission ("the Commission" or "PenCom") recently issued a directive that has an impact on employers in Nigeria.
The Trusted Advisors
Companies nowadays resort to employing independent contractors rather than employees while still exercising control over the activities of the independent contractors over the work they do for the Organization.
The Trusted Advisors
President Bola Ahmed Tinubu on June 8, 2023, gave assent to alter the Constitution of the Federal Republic of Nigeria, 1999 to ensure uniformity in the retirement age and pension rights of judicial officers...
The Trusted Advisors
It has been the practice for workers after donkey years of active service, either in the Private or Public Sector, to retire and not have a plan for life after retirement, the least of which, ought to be a roof over their heads.
Andersen in Nigeria
The Organisation for Economic Co-operation and Development defines social security contributions as compulsory payments paid to the government that confers the entitlement to receive a (contingent) future social benefit.
Udo Udoma & Belo-Osagie
On 23rd September 2022, the National Pension Commission released the Guidelines on Accessing Retirement Saving Account Balance towards Payment of Equity Contribution ...
Streamsowers & Kohn
For an employment relationship that is not clothed with statutory flavor, a contract of employment is the basis of that relationship. In a contract of employment, the terms of the relationship,...
Banwo & Ighodalo
The move to allow retirement savings account ("RSA") holders, to finance residential mortgage with part of their pension funds, has its origin in the Pension Reform Act of 2014 (the "Act").
Olaniwun Ajayi
The Framework essentially sets the ground rules for co-investment by Pension Fund Administrators in portfolio companies alongside private equity funds in which they are limited partners.
Olisa Agbakoba Legal (OAL)
The National Pension Commission (PENCOM) on Friday 23rd, September 2022 issued guidelines for workers to obtain a mortgage by accessing their retirement savings account (RSA).
Famsville Solicitors
What are the regulatory framework for labour and employment matters in Nigeria?...
Andersen in Nigeria
Managing financial and non-financial assets, preservation of wealth, succession planning and wealth transition, tax compliance and efficiency, retirement planning remain some of the many key objectives...
Balogun Harold
Nigeria's Pension Regulator, Pencom, has recently issued regulations permitting pension funds to co-invest in private equity funds with
KPMG Nigeria
The National Pension Commission (PenCom or "the Commission") recently issued a Revised Regulation on the Administration of Retirement and Terminal Benefits ("the Revised Regulation").
Andersen in Nigeria
The Contributory Pension Scheme (CPS or "the Scheme") regime in Nigeria was established by the Pension Reform Act (PRA) 2004 amended in 2014.
AELEX
The National Pension Commission (PENCOM) recently introduced a new category of fund which complies with sharia principles of investment.
LeLaw Barristers & Solicitors
Apprehensions associated with negative work environment could lead to constructive dismissal or constructive discharge (CD).
Olisa Agbakoba Legal (OAL)
Whistleblowing is a very effective but still under utilised as a corporate governance tool in Nigeria. Whistleblowing serves many purposes, the most commonplace being that it allows...
Olisa Agbakoba Legal (OAL)
The Pension Reform Act ("the PRA" or "the Act") was first enacted in 2004 and reenacted in 2014. Among many other provisions, the PRA makes Group Life Insurance compulsory for all employees.
Resolution Law Firm
There are various laws governing employment-related matters in Nigeria.
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