• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, June 26, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Leadway pays N175bn to 85,000 retirees

Retirees

The Matters Press by The Matters Press
July 10, 2023
Reading Time: 2 mins read
0
Leadway Assurance generates N104.4bn premium

Lagos, July 10, 2023: Leadway Pensure has paid not less than N175 billion in retirement and terminal benefits to over 85,000 of its customers since the inception of the Contributory Pension Scheme (CPS) in 2004.

RELATED POSTS

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

Mr Kelechi Nwabalogu,Team Lead, Customer Relationship Management Department of Leadway Pensure said at a media training in Lagos.

Nwabalogu said that Leadway Pensure shareholders’ funds stood in excess of N8.6 billion, higher than the required N5 billion by the National Pension Commission (PenCom).

According to him, Leadway Pensure was formed by a consortium of three finance service organisations namely; Leadway Holdings Ltd., MBC Securities and Prestige Assurance Plc.

He noted that in terms of quality assurance, PenCom had adjudged the PFA as one of the best in the industry, which signifies its quality service delivery and best in class corporate governance.

Speaking on the 25 per cent Retirement Savings Accounts (RSA) balance for mortgage approved by PenCom, Nwabalogu stated that the company was committed to providing financial support to its RSA holders by accessing the fund and becoming house owners before retirement.

He noted that RSA holders must, however, meet the conditions and guidelines stipulated by PenCom to access the fund.

“Some of the conditions are that; the RSA of the applicant shall have both employer and employee’s mandatory contributions for a cumulative minimum period of 60 months.

“An offer letter for the property duly signed by the property owner and verified by the mortgage lender.

“The application for equity contribution for residential mortgage shall be in person and not by proxy, among others,” he said.

PenCom, in September 2022, approved a guidelines for RSA holders to access a residential mortgage through their RSAs, in line with Section 89 (2) of the Pension Reform Act 2014 (PRA 2014).

The commission’s guideline states that RSA holders can use 25 per cent of their RSA balance toward the payment of equity for a residential mortgage.

Tags: LeadwayRetirees
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF
Energy

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

June 25, 2025
Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope
News

Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

June 25, 2025
79 candidates for presidential election
News

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

June 23, 2025
Gombe: Troops take over to enforce peace
News

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

June 20, 2025
ECOWAS, Sahel states in deal to  confront terrorism
Foreign

ECOWAS, Sahel states in deal to confront terrorism

June 20, 2025
Tinubu denies manipulating NASS
Economy/Technology

Tinubu’s decision to press ahead with ongoing reforms, commendable-TMSG

June 20, 2025
Next Post
Infrastructure gulp N2,7tn in Nigeria

FERMA to embark on repairs of 36,000km federal roads

AKK gas pipeline project to be completed early 2023

NNPCL pipeline vandalism troubles IPMAN

Recommended Stories

Nigeria’s N225bn bonds oversubscribed

Nigeria’s N225bn bonds oversubscribed

April 27, 2022
Faye awaits official declaration as Senegal’s President-elect

Tinubu, Putin to attend inauguration of Faye as Senegal’s President

April 1, 2024
Increasing food production excites Uganda

Nigeria moves to regulate manufacture, sales of Agro-chemicals

July 25, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF
  • Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope
  • Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us