The highest paid in PenCom earns less than N1m- PenCom

By Favour Nnabugwu

National Pension Commission has debunked the misinformation on social media making rounds about staff earning N3 million salary, said that the highest paid official of the Commission earns less than ₦1 million a month.
PenCom in a Statement release yesterday, following the need to correct such misleading publicity, stated that It is not logical and improbable that the least paid will earn a monthly salary of ₦3 million.
Without any doubt, PenCom said that there is an element of mischief and possible blackmail on the Commission’s compensation package.
“From our understanding, it appears someone calculated all staff costs, including training, staff exit benefit scheme, and employer’s pension contribution, and divided the total by the number of the Commission’s employees and concluded that the least paid employee is on a monthly salary of ₦3 million”
PenCom explained further, “There   is a clear difference between staff cost and staff salaries.   It is imperative to point out that right from the inception of the Commission in 2004, the Federal Government mandated the Board to adopt an employee compensation policy that favorably compares to comparator government bodies in the financial services sector, such as the Central Bank of Nigeria (CBN), the Nigeria Deposit Insurance Corporation (NDIC) and the Securities and Exchange Commission (SEC).”
It said that PenCom duly followed the law, Section  25(2)(b) of the Pension Reform Act 2014 also empowers the Board of the Commission to fix the remuneration, allowances and benefits of the employees”
“More  so, the Presidential Committee on the Consolidation of Emoluments in the Public Sector headed by the late Chief Ernest Shonekan, former Head of the Interim National Government, made a number of recommendations which guide the PenCom Board in its compensation review exercises”.
“One  of the recommendations is that the pay structure of self-funded agencies should be benchmarked with their private sector comparators so as to ensure relativity in such agencies and attract and retain high-caliber professionals”
“The  Shonekan Committee, which was set up by former President Olusegun Obasanjo in 2005, also recommended that the pay structure of regulatory agencies should be benchmarked against sectors they monitor to avoid regulatory capture, and that an annual increase in pay should be undertaken to account for inflation/cost of living adjustment and establishments may strive to attain 50th percentile and above their comparators in the private sector”
“We  made all these facts known in a recently submission to the House of Representatives Committee on Finance over the compensation package of the Commission. We also stated that the last compensation package review was done in 2017 with the approval of the Office of the Secretary to the Government of the Federation (OSGF)”

“No review has been done in the last five years and this has affected the ability of the Commission to attract, hire and retain staff with competitive skills.The public is, therefore, implored to ignore the false and mischievous information on the staff compensation package. The Commission has nothing to hide and will continue to run a transparent and accountable system.Signed”

British High Commission offices shut down in Nigeria for Queen Elizabeth ll

By Favour Nnabugwu



The British High Commission offices across the country will be closed down for business from Monday 19th of September.

This piece of information was made available via a statement by the UK Mission in Nigeria through all its Social media platforms.

The closure is connected to the death of Queen Elizabeth II and burial arrangements.

The notice, however, added that Visa Application Centres in Abuja and Lagos will remain open.

The notice, however, added that Visa Application Centres in Abuja and Lagos will remain open.

A service of remembrance was held for the Queen on Thursday at the Cathedral Church of Advent in the nation’s capital.

The final resting place of the late Commonwealth head will be at St. George’s Chapel within Windsor Castle, next to her husband, Prince Philip.

Born April 21, 1926, in London, the Queen of England passed away on September 8, 2022, at the Balmoral Castle.

The exact date for re-opening will be passed across in due course.

Facebook introduces Community Chats 

By Favour Nnabugwu



Facebook Chief Executive Officerr and Co-founder, Mark Zuckerberg, has introduced Community Chats on Facebook.

Zuckerberg said that Community Chats let people to connect more deeply with communities in real time around the topics they care about in multiple formats, including text, audio and video.

He explained: “The experience seamlessly blends Messenger and Facebook Groups to allow people to connect when, where and how they want.”

Talking about how it works, he said:
“Admins can now start a conversation about a topic and get in-the-moment responses instead of waiting for people to comment on a post. And, rather than navigating multiple topics in a single Messenger group chat, the person who creates the Community Chat can organize chats into categories so group members can easily find what’s most interesting to them.”

According to him, “We have helped more than a billion people connect with loved ones in a trusted space on Messenger, and we know that people want to engage in real time with larger communities over shared interests.

“For example, a band’s fan group could have a “Breaking News” category with chats dedicated to new album drops, tour dates and group activities.”

“Admins can choose from several options to help their communities connect. They can start a chat for group members around a specific topic, an event chat for an outing or meetup, a view-only broadcast chat for admins to announce group-wide updates and an admin-only chat to collaborate with admins and moderators.

“Admins can also create audio channels so group members can share live commentary or receive real-time support. Participants also have the option to enable video once they’re in the audio channel.”

Zuckerberg added: “Given the more public nature of Community Chats, we have developed a robust suite of tools to help admins easily manage both chat and audio experiences”

“This includes moderation capabilities like blocking, muting or suspending group members, and removing members or messages, as well as Admin Assist, which allows admins to set custom criteria that will automatically suspend users, remove reported messages, and stop messages from ineligible authors or containing violating content from being sent.

“Members of Community Chats can also report messages to group admins or Meta, block users or leave a chat at any time. Learn more about privacy and safety controls in Community Chats.”

He concluded: “We are committed to building messaging experiences that help people connect with their communities, friends and families.

“As Community Chats rolls out to more people and groups around the world, we’ll continue exploring new features and capabilities to make it easier to connect with one another.