Connect with us

Business

PenCom Attains ISO Certification For Information Management 

Published

on

The National Pension Commission (PenCom) has attained ISO 27001:2013 certification for Information Management System (ISMS).
The certification is for effective management of the risks associated with an organisation’s information assets by using well defined processes, technology and people.
According to the PenCom, the certification is an important demonstration of the Commission’s commitment to the highest standards of confidentiality, integrity and availability of data on contributors, retirees and stakeholders in the pension industry.
It stated: “Information Security Management System (ISMS) provides a systemic approach to effectively manage the risks associated with an organization’s information assets by using well defined processes, technology and people.
The ISMS of the National Pension Commission was designed to achieve the ISO 27001:2013 Standard, which is an internationally recognised set of information security standards that govern the security of information assets such as intellectual property, financial information, employee information, as well as information entrusted by third parties.
“The Standards are published by the International Organisation for Standardisation (ISO) and the International Electrotechnical Commission, IEC.
The Commission had been evaluated by the Professional Evaluation and Certification Board (PECB) in all core areas of its operations and its ISMS was certified to be in compliance with the ISO 27001:2013 Standard in all the core areas of its operations.
“Accordingly, the Certificate of Compliance was issued to the Commission on 8 January 2021. As the regulator of the Nigerian pension industry and custodian of National Databank on pension matters in the country, this certification is an important demonstration of the Commission’s commitment to the highest standards of confidentiality, integrity and availability of data on contributors, retirees and stakeholders in the pension industry. It is also an affirmation that the Commission had put in place, business controls and management processes to safeguard its information assets from threats and vulnerabilities.
“It further recognised the Commission’s implementation of an effective information security system that complies with one of the most stringent international standards in the identification, evaluation and effective management of the risks associated with its information assets.”

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Banks’ CEOs Hold Emergency Meeting Over BDCs’ Forex Ban 

Published

on

By

Bank Chief Executive Officers on Thursday, held an emergency meeting on how to ensure compliance with the new forex directive of the Central Bank of Nigeria.

After the meeting, they spoke during a webinar organised to give an update on the banks’ preparedness to be the main channel of forex distribution, following the recent discontinuity of forex supply to the BDC operators by the CBN.

The executives assured the public that banks would make forex available to customers in accordance with the CBN’s directives.

After the last Monetary Policy Committee meeting, the Central Bank Governor, Godwin Emefiele, had ordered all Deposit Money Banks to set up teller points at designated branches across the country to fulfil legitimate FX request for personal travel allowance, business travel allowance, tuition fees, medical payments and SMEs transactions, among others.

Speaking at the webinar, the Group Managing Director/Chief Executive Officer, Access Bank Plc, Herbert Wigwe, said, “The banking industry as a whole was willing and ready to carry out this function. The banks have very strict compliance measures, in terms of verification and making sure that people who do apply are eligible.

“All Nigerian banks will be able to meet these requirements. If you look at all the branches nationwide, you will know that the banks have more than enough capacity to do this.”

He said if the banks saw any compliance issues, or people attempting to do things cunning, they would be reported to the CBN because the banks would ensure full compliance with the order.

The Group Chief Executive Officer, Guaranty Trust Holding Company Plc, Mr Segun Agbaje, while speaking on the capacity of the banks to meet the customers demand, said, “It is not only the CBN that has the ability to fund the market; the banks also have the resources to meet the demand, and we have agreed collectively that it will start immediately.”

Continue Reading

Business

NERC: Over 1m Electricity Consumers Have Received Prepaid Meters

Published

on

By

Prev1 of 2
Use your ← → (arrow) keys to browse
Prev1 of 2
Use your ← → (arrow) keys to browse

Continue Reading

Business

Labour Warns FG Against Electricity Tariff Hike 

Published

on

By

The Nigeria Labour Congress faulted plans to allegedly sell the Transmission Company of Nigeria, saying it will lead to an increase in electricity tariff.

The NLC President, Mr Ayuba Wabba, said this in a statement titled, “This Kite will not Fly’’ on Friday.

Wabba explained that instead of allegedly planning to sell the transmission company, FG should focus on improving the electricity supply.

He described the attempt to hand over the TCN to a few ‘privileged’ Nigerians as self-serving, obtuse, odious, morally reprehensible and criminal.

The NLC president said, “The TCN is a strategic economic asset of immense national security implications. This is because the TCN traverses all nooks and crannies of Nigeria.

“It will be wrong that our country will be deliberately exposed to an avoidable vulnerability and thus, provide an opportunity to others to restrain the Nigerian state.

“We apprehend that the planned sale of the TCN is only an attempt to further confound the people and concurrently raise electricity tariff. Unfortunately, this time around, Nigerians have had enough.

“The government cannot promise improved power supply to consumers by the planned sale of TCN. The under-the-table scheming as transparent privatisation cannot pass muster.

“It is an unsavoury narrative for our country, that even the privatised assets, which have survived the rapacity of the new owners, have been turned into unrealisable collaterals for unpayable loans.

“This constitutes a bone stuck in the throat of financial institutions and sundry creditors.”

Wabba explained that the plan would “fundamentally weaken the security of the nation and above all, deprive the people of their age-old investments in the commanding heights of the Nigerian economy”.

Continue Reading