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Premium Pension Partners Bauchi State On Contributory Pension Scheme

by Bisi Bamishe
November 23, 2020
in Pension
Premium Pension Partners Bauchi State On Contributory Pension Scheme

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PRESS RELEASE–In line with its business activities, the Board and Management of Premium Pension led by the Chairman Board of Directors, Mr. Ibrahim Alhassan Babayo paid a courtesy visit to the Executive Governor of Bauchi State Senator Bala Mohammed at the Government House recently.

Premium Pension Board Director Mr. Ahmed Almustapha OFR, Board Chairman Mr. Ibrahim Alhassan Babayo, Executive Governor of Bauchi State Senator Bala Mohammed and SSG Bauchi State Alhaji Mohammed Sabiu Baba.

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The visit aimed at seeking partnership with the Bauchi State Government for proper pension management.
In his speech, Governor Bala Mohammed, stated that he was highly delighted to receive the Premium Pension delegation on behalf of the Government and good people of Bauchi State on a very important and auspicious visit. He described the visit, as a turning point in terms of pension management and human capital development in the state.
The Governor expressed the readiness of his administration’s commitment to key into the Contributory Pension Scheme as a sure way of safeguarding the welfare of workers and pensioners. On this, he affirmed his confidence with Premium Pension to do the good work as it is the beginning of wisdom to go by the national program.
Furthermore, the Governor, assured his fulfillment that, the mutual partnership between the two bodies will enable his Administration free resources from mismanagement for the provision of required social services.
In his remarks during the visit, the Chairman of the Board, Mr. Ibrahim Alhassan Babayo assured the Governor that Premium Pension has the requisite expertise particularly in addressing all challenges associated with pension administration in the state. Mr. Babayo commended the Bauchi State Government on the unparalleled success recorded in the infrastructural development across the state.
While speaking during the visit, the Chief Executive Officer, Mr. Umar Sanda Mairami, expressed his appreciation to the Governor for the warm reception. He presented a proposal to Bauchi State Government for the management of the state’s employees Retirement Savings Accounts (RSA). He stated, that it is in line with the objectives and provisions of Pension Reform Act, 2014 (PRA 2014) as well as Bauchi State Pension Law (when enacted). He reiterated that investment in its people and technology as evidenced in its performance gives Premium Pension an edge over other players in the industry. The CEO seized the opportunity to reiterate the milestones achieved by the Company, in the pension industry, and other initiatives deployed to ensure that PPL is positioned as a top tier PFA creating value.
Other members of the Company’s delegation during the visit comprised some members of the Board in the persons of Alhaji Ahmed Almustapha and Dr. Nuru Yakubu as well as the Company Secretary Mr. Nasiru Shall, Zonal Head, Zone 11 Mr. Musa Mamman Mandara and the Business Development team based in Bauchi State.

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Bisi Bamishe

Bisi Bamishe

I am a journalist with many years of experience in the field of Insurance and Pension. In 2003, I won Nigeria Media Merit Award of the IGI's Prize For Insurance Reporter of The Year

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REMARKS BY THE COMMISSIONER FOR INSURANCE, Mr. O. S. THOMAS AT THE 2020 INSURANCE DIRECTORS’ CONFERENCE HELD AT ORIENTAL HOTEL, VICTORIA ISLAND, LAGOS STATE ON NOVEMBER 24, 2020

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