Premium Pension records N630bn assets under management, pays N174bn to  pensioners

By Jacob Ajakaiye, in Kano

Premium Pension Limited, one of Nigeria`s leading pension administrators, has paid the sum of N174 billion to retirees under its pension management since the company was established about 14 years ago.

In the same vein, the company has also disclosed that it is paying an average of N68 million monthly as pension benefits to 17,000 clients that subscribed to the various retirement products it is offering in the Nigerian pension market.

Umar Sanda Mairami, chief executive officer of the company, made this disclosure, during a corporate event organised by the company to celebrate excellence and reward some of its outstanding clients, and  held in the commercial city of Kano.

Umar said comparatively, the company has continued to record impressive performance within the Nigerian pension market, polling the highest returns in value in all the categories of pension products it is offering in the market.

“We are glad to be here today in the commercial city of Kano celebrating excellence and rewarding our clients, who we in premium Pension usually refer to as our members, because of the high value that we attach to them.

“We refer to them as members because it is through their patronage and support that we have been able to grow our Asset Under-Management (AUM) to over N630 billion mark, and we are still doing everything in place to increase it.

“We have been able to record this height as a result of the individual as well as the group contributions of all the staff, management, and members of board overseeing the operations of the company, over the years.

“It is through the commitment and contributions displayed by the Premium Pension team that the company was able to attain the status of being the first PFA to win the ISO/IEC 27001, and also the ISO 9001 in Quality Management System,” he stated.

Umar assured clients that the company will continue to serve them better by safeguarding their pension contributions, in addition to ensuring that their benefits are paid promptly, and as when due.

The highlight of the ceremony was the presentation of clients of the company drawn from the public sector (Federal and States) as well as the private sector, and individuals that made the highest contributions, and being very loyal to the company products.

The presentations which was made by Kabir A. Tijjani, executive director of the company, went to the five top organisations with the highest contributions in the public sector (Federal), which are: Nigerian Prison Service (NPS); INEC; NCDS; FRS; and NTA.

While, presentations, were also given to states with the highest contributions in the public sector, namely, Kaduna; Zamfara; Jigawa; and Kebbi states. Awards were also presented to five companies with the highest contribution in the private sector categories, namely: Ranos Construction Company, Abuja; Gogoni Limited, Kano; Dantata and Sawoe Company Limite; Kano Electricity Distribution Company; and ASP Motors Nigeria Limited.