Premium pension pays retirement benefits to tune of N119bn

…Appoints Yakubu as Chairman

Premium Pension Limited has paid retirement benefits to the tune of about N119 billion since inception, the company has said.

Accordingly, the company now manages about 738,736 Retirement Savings Accounts (RSAs) and 46, 941 retirees while having pension Assets Under Management (AUM) in excess of N460 billion.

Meanwhile, the recently held Annual General Meeting of the company saw the ratification of the appointment of Architect Yunusa Yakubu as the Chairman of the company’s Board of Directors. He was until his appointment the Chairman of the Board’s Committee on Strategic Growth. He takes over from Mr. Aliyu Abdulrahman Dikko.

A successful businessman and versatile consulting architect, Yunusa Yakubu obtained a B.Sc. in Architecture in 1984 from Ahmadu Bello University and followed up with an M.Sc.in the same subject at the same university in 1986. He started his working career with the Ministry of Works and Housing in Bauchi State of Nigeria in 1987. While there he worked on the designs and supervision of buildings, including the Local Government Secretariats, Political Party offices and the State’s liaison office in Abuja.

In 1993, he moved to the Ministry of the Federal Capital Territory as Project Coordinator, Maintenance Department.   Yunusa served on the board of Suntrust Savings and Loans Limited as a director and he was appointed by the Federal Government as a member of the Governing Council of Abubakar Tafawa University, Bauchi. He is currently a director of Micheletti Construction Limited and Niglemech Nigeria Limited. Currently, he is the Managing Director of Lubell Nigeria Limited and a distinguished Fellow of the Nigerian Institute of Architects (NIA).

In the same vein, the appointment of Mr. ‘Bade Adeshina into the Board was also ratified. Mr. Adeshina brings immense wealth of experience into the company. He holds B.Sc. and M.Sc. degrees in Finance from University of Lagos and obtained a diploma in Information Science/Systems from University of Ibadan.   He is an Honorary Member of the Chartered Institute of Bankers of Nigeria, a Fellow of Certified Pension Institute of Nigeria, and Association of Investment Advisers & Portfolio Managers, member of the Institute of Directors and Chartered Institute of Stockbrokers.

He started his career as a Graduate Assistant/Senior Information Officer with the University of Lagos from where he moved to the banking sector.   He has over thirty years’ experience in Financial Management services in both commercial and investment banks amongst which are Afribank Nigeria Plc (formerly Mainstreet Bank and now part of Skye Bank Group), Afribank International Bank Limited (Merchant Bankers) and Access Bank Plc. From Access Bank he resigned his appointment as a General Manager to join CDL Asset Management Limited as the pioneer Managing Director/CEO.

 

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