Board of Trustfund Pensions Plc in Nigeria has announced a dividend pay-out of N230 million for the year 2012 with shareholders receiving 23 kobo per N1 share compared to 15 kobo in 2011.
Nigeria Labour Congres, NLC; Trade Union Congress, TUC; and Nigeria Employers Consultative Association, NECA, who are major shareholders of Trustfund Pensions expressed delight at the news of the boost in dividend.
The board also announced the confirmation of the appointment of the Acting Managing Director, Helen Da-Souza as substantive chief executive.
She is the first woman to head Trustfund Pensions Plc.
Chairman of the Board of Directors of Trustfund Pensions Plc, Ngozi Olejeme, made the announcement of the dividend boost for shareholders, weekend, at the annual general meeting in Abuja.
Notwithstanding the successes recorded by Trustfund Pension Plc, Olejeme said the growth rate in the pensions industry “remains slow mainly due to the lack of compliance by employers and the slow pace of implementation of the contributory scheme by state governments.”
NLC President, Abdulwaheed Omar, said of the progress recorded by the Fund, “we are progressing and I hope that this trend will continue.
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