Ideva Explains Reasons for Premium Pension's Lagos Regional Office

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Ebere Nwoji

Managing Director of the Abuja based Premium Pension Ltd, Wilson Ideva has explained why the pension Fund Administrator (PFA) recently opened a regional office in Ikoyi, Lagos, saying it was to bring its services closer to its numerous contributors in Lagos.

Ideva, said in siting the Premium Pension’s regional office in Lagos, the PFA, had considered the fact that most banks and other corporate organisations whose workers, including Lagos State government’s workers chose Premium Pension as their PFA have their corporate head offices in Lagos.

He said since pension business has to do with services to human beings, it deemed it fit to in addition to 20 branches and other pension centers the PFA has spread across the country to open the Lagos regional office to serve its clients better.

He disclosed that Premium Pension, pays a total of N118 billion as monthly benefits to retirees/client and has in excess of 16, 000 retirees in its pay roll.
He noted that the firm had established 20 branch network and 23 pension centres across the 36 states of the federation with its head office in Abuja

Speaking at the opening ceremony, the Director General, National Pension Commission (PenCom), Chinelo Anohu- Amazu, represented by the Commissioner, Inspectorate division of (PenCom),Professor Mohammed Kaoje, lauded the giant strides made by the firm, especially in the area of better service delivery to retirees.

Premium Pension, was also commended for upholding the culture of high ethical standard in its practice and service delivery to retirees.

Also speaking, acting Head of Service, Lagos State, Folasade Adesoye, applauded the firm for its contributions to the development of pension industry, stressing that the new office will not only add value to pension contributors/retirees, but also add value to Lagos State by way of employment.

Chairman of the company, Aliyu Dikko, said though the road to success has not been smooth, the company is working assiduously to achieve its vision and mission which are centered on superior customer satisfaction in active and retirement life through best practice.

He said in line with the vision of the company, it has implemented a number of initiatives which has led to major milestone in the pension industry. These achievements, he said were made possible due to the commitments and dedication of its board, management, staff and support of shareholders of the company.

He also commended PenCom for its efficiency and support, adding that without prompt regulation and guidance, the company and the industry would not have been where they are today.

He assured the commission of its policy of zero tolerance to non-compliance with regulatory requirement.