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Obiekwu Counsels Footballers, Sportsmen To Plan For Retirement

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By Sola Alabadan

Ex-Nigerian International, Kingsley Obiekwu, has advised active sportsmen and women to save and invest their earnings to avoid running into hitches when they retire.

Obiekwu said recently that he went into the commercial transport business to complement his earnings from his coaching job.

He said “As an ex-player, I want to advise the younger ones that if money comes there to save and invest because football and sports is something that you do within a period in life. If you retire, you begin to struggle if you don’t save enough.

“In my case, I did not waste my money, at least I have a house. Imagine the landlord throwing your property out because you can’t pay rent, it would have been worse.

“Our club managers and administrators should also complement the effort of state governments by making sure they pay players and coaches.

“I have players in my former clubs whose marriages have crashed because they can’t provide for their families, you can’t develop football without developing those making it happen,” he stated.

The story elicited reactions from the public including Super Eagles Skipper, Ahmed Musa, who made a cash donation of N2 million to the Atlantic ’96 Dream Team defender to cushion his financial crunch.

Obiekwu said though the story came as an embarrassment to some of his family members, there was nothing to regret for telling the world what he was passing through.

He said that when he wanted to go into the transport business years ago, his wife discouraged him on the grounds that it would be debasing for a man of his class in fame and fortune.

“I want to thank God for everything. Some members of my family have been calling me to express embarrassment over the story but I told them not to worry because I played the game and I know what I feel.

“The story is making an impact with a lot of reactions. Being a popular person, I cannot hide; Nigerians will be interested to know how their ex-heroes are faring, but I have told my family not to worry, that I will handle it.

“So yesterday, the Media Officer of the Super Eagles who works in a radio station called me to inform me that somebody wanted to speak with me and I said he should give him my number.

“Musa called me and said he had heard my story and that he and his teammates will do something but meanwhile, I should give him my account number and in about an hour’s time, I got an alert of N2 million, I appreciate that a lot,” he said.

Obiekwu, who said he was forced to retire at 30 in 2004 due to health reasons, said a number of ex-internationals were passing through hard times and while urging them not to be ashamed to speak out instead of dying in silence.

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Business

Thomas Hands Over To Omosehin As New NAICOM Boss

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Usman Jankara, Deputy Commissioner, Finance and Administration (left), Sunday Thomas, Immediate Past Commissioner for Insurance, Olusegun Omosehin, Commissioner for Insurance and Ola Gam-Ikon, Deputy Commissioner for Insurance, Technical Operations during the hand over to the new commissioner in Abuja today..

By Sola Alabadan

Mr. Olusegun Omosehin has assumed duty today as the Commissioner for Insurance and chief executive of the National Insurance Commission (NAICOM), having been appointed by President Bola Tinubu on April 20. He is succeeding Sunday Thomas, who has completed his term of office.

In a similar vein, Olawoye Gam-Ikon assumed duty as the Deputy Commissioner (Technical Operations), while Usman Jankara Jimada is now the Deputy commissioner (Finance & Administration).

During an interactive session with the entire Management and Staff of the Commission, The new NAICOM boss stated the Executive Management would set a new tone for the Nigerian Insurance Sector.

His predecessor, Thomas, who was in attendance to officially handover to the new CFI, thanked the staff for their support while in office.

As the Federal Government intends to achieve a $1 Trillion economy by 2026, he said the Insurance Sector is expected to play a critical role and contribute to its quota to make this a reality.

Omosehin holds holds a Bachelor of Science degree in Political Science; a Master’s degree in International Law and Diplomacy (MILD); and also an M.Sc in Economics from the University of Lagos.

He is equally an Alumnus of the Lagos Business School (LBS) now Pan African University, as well as Said Business School, University of Oxford, UK.

He is a Fellow of the Chartered Insurance Institute of Nigeria; a Fellow of the Institute of Directors (FIoD); a Member of the Nigerian Institute of Management; and the Nigerian Society of International Law.

Prior to his appointment, Omosehin was the Managing Director of Old Mutual Nigeria Life Assurance Co. (OMNiLAC).
He was earlier the Managing Director/Chief Executive Officer of Mutual Benefits Assurance Plc.

Before joining the Mutual Benefits Assurance team in April 2010, Mr. Omosehin was the Managing Director/CEO of AIICO General Insurance Company Limited, the general insurance arm of AIICO Insurance Plc. He was also the MD/CEO of Admiral Insurance Company Limited between 2003 and 2007 before merging the company with Crusader Insurance Plc during the insurance consolidation exercise in 2007; a company where he started his insurance career in 1993.

He was a member of the pioneer team that started and nurtured Custodian & Allied Insurance Plc in 1995, where he worked for about nine years before his appointment as the MD/CEO of Admiral Insurance Limited in 2003. He started his career with Crusader Insurance (Nigeria) Plc in 1993 (then a specialist life assurance company)

His hobbies include Networking, Swimming, and Golfing. He is a member of the Ikoyi Club 1938 –Golf Section, and Ikeja Golf Club.

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Pension Industry Starts Enlightenment Programme On Radio

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Driven by the need to educate, inform and enlighten various stakeholders, the pension industry has embarked on a radio program that seeks to shed light on various aspects of the pension industry in Nigeria.
The Nigerian pension industry operates under a Contributory Pension Scheme (CPS) which started through the enactment of an act of parliament, 20 years ago and the scheme has grown tremendously over the years, but a number of people still don’t understand some aspects of this scheme. So, the pension industry has put together a series of interviews to shed more light on these issues.
The interviews are structured as conversations between a number of the CEOs and CIOs of pension funds within the industry, and these interviews delve into so many issues and many topics.
The interviews will be covering things like, “How are your pensions invested”; “What is the history of the CPS in Nigeria”; “How do you access your benefits”; “Pension funds and SMEs”; “Pensions and technology”; “Understanding voluntary contributions”; “Micro pensions”; “The closed pension fund administrators”; “Multi-fund structure of the Nigerian pension industry”; “Safe custody of pension funds.” Amongst others
These interviews will be aired on radio every week for the next 10 weeks and it will be aired on Nigerian info Lagos and Abuja. In Lagos, it airs at 6:30am every Saturday and in Abuja it airs at 7:30am every Monday which began from 27th of April 2024.
Speaking on this development, the Chief Executive Officer of PenOp, Oguche Agudah said ‘‘we felt that these interviews and conversations were necessary in order to bridge the gap between the knowledge of various stakeholders and the pension industry. We realize that pensions can sometimes seem complex, but we hope to simplify these concepts to make them better appreciated and to enlighten various stakeholders on functions of PFAs, PFCs, how pensions are invested and some of the other things that we felt people do not have a grasp on.
These interviews are conversational, and they are also serialized on all our social media platforms and via podcasts. Essentially, we look forward to engaging the public and making these concepts more appreciated and just getting people to understand the industry better and appreciate how pensions impact them and the society at large. This will enable them engage with the industry from a more informed position”

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Leadway Pensure Grows Revenue By 25%

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Leadway Pensure, a licensed pension fund administrator in Nigeria, recorded a 25% annual fund growth in 2023, thereby exceeding its financial targets set for the year. 
  
Speaking on Leadway Pensure’s season of revenue and investment growth, the company’s Chief Executive Officer, Mr. Lanre Idris, stated that this outstanding achievement further solidifies the company’s position as a value-driven, growth-oriented organisation with a unique drive thereby positioning PFA as a trusted and capable financial management partner in the pension industry. 
  
“In a landscape defined by economic uncertainties, Leadway Pensure has not only weathered the storm but has soared beyond expectations, achieving an exceptional 25% growth in fund under management, surpassing our ambitious targets for 2023. The drivers to achieving this remarkable financial milestone includes the team’s assertive revenue drive, deploying astute strategic investment steps, embracing digital innovations and adopting a customer-centric approach as the cornerstone of our operations. By prioritising the evolving needs of our clients and leveraging cutting-edge technologies, we have not only adapted to the challenges of the times but have thrived amidst them. 
  
“This achievement underscores the dedication and resilience of our team, whose collective efforts have propelled us to new heights. As we celebrate this milestone, we remain steadfast in our mission to provide unparalleled service and value to our esteemed clients. With our sights set on the future, we are poised to continue our growth trajectory, setting new benchmarks of excellence in the industry.” 

This remarkable achievement comes on the heels of treble awards for the brand as West Africa’s Pension & Lifestyle Company of the Year, Best Customer Care awards, and its Chief Executive Officer, Lanre Idris, named Best Pension and Finance CEO of the Year, all in 2023. 
 
 
As an integral part of the Leadway Group, Leadway Pensure PFA has consistently provided exceptional pension administration and fund management services to individuals, corporate organisations, federal and state institutions.
  

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