Written by Oluwaseun Ayantokun, Lagos Tuesday, 31 August 2010
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A major landmark was achieved recently in the nation’s financial sector, when the Federal Government gave nod for the migration to International Financial Reporting Standards (IFRS) by year 2012.
Recently, the total assets of National Pension Commission (PenCom), the body responsible for managing the pension scheme in the country, was reported to have hit N1.8 trillion. This, in a nutshell, means that the body has lot of funds to invest and put the plight of pensioners which had hitherto defiled all known solutions to an end.
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