Next-of-kin Vs Beneficiary: Who gets what?

Next-of-kin Vs Beneficiary: Who gets what?

Ubong sat in the seat with her notepad and fiddled with her pen as she waited for Mr. Edewor to finish with his phone call and resume the interview.

Being a journalist had taught her patience and she was grateful for that. The minutes went by and Mr. Edewor’s call seemed unending. While Ubong wasn’t one to eavesdrop on the conversation of others, she couldn’t help her sudden interest and curiosity in the ongoing conversation.

“No, Esther. Don’t create a scene there. Basil didn’t make you his beneficiary so you have no claims to his estate”, continued Mr. Edewor. His response obviously triggered an outburst on the other end of the line, which he responded to.

“See Esther, I’m in the middle of an interview and your shouting and crying is not what I need right now. Your husband may have filled in your name as his next-of-kin in all documents, but pertaining his investments and will, the name there is his younger brother’s name. So yes, Fredrick is right to challenge your claims. I’ll hang up now to call you later. In the meantime, pull yourself together, I’m sure it can all be worked out.”

Mr. Edewor ended the call and with a shake of the head said his apologies ready to get back to the matter at hand. But Ubong wasn’t ready for the matter at hand.

In all her education and exposure, she couldn’t understand why she was just hearing that there was a difference between next-of-kin and beneficiary.

Are you like Ubong? Don’t fret. We will be breaking down all you need to know about next-of-kin and beneficiary in today’s episode of ARM Life Living Benefits show.

Tune in on Smooth 98.1FM by 6.40pm (Lagos) and you might also get to win a gift voucher!

 

 

 

 

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Abu’s Journey (2): NYSC PPA ordeal

Abu’s Journey (2): NYSC PPA ordeal

Did you miss Episode one? Read it here

A few hugs and tears later, Abu and Yinka were on separate buses to their respective Places of primary assignment.

Abu wasn’t so sure of the folks posted to the same village with him. They didn’t appear lively. He tried to make conversation but got monosyllabic responses. “Ha! My own don finish” he thought.

Relaxing to the weirdness of his colleagues, Abu dozed off. It must have been about 3 hours of sleep before Abu woke to discover they were still in transit. “Wharrahell!!!” he mused. Turning to Fayose seated right beside him, he nudged him asking “Guy, we never still reach?” Fayose responded “Omo, na so me sef see am o… whether na hell we dey go, I no know”.

Less than 5 minutes after their brief complaints, the rickety bus came to an abrupt halt. “We don reach fa” shouted the driver. “Oya, come dan”, he continued impatiently.

Abu and his colleagues alighted and met their first surprise. Kankara corpers camp was set almost away from the village in a wide expanse of land. Abu threw his hands up in exasperation and shouted “Save me Lord”… His voice echoed back at him.

He immediately brought out his mobile phone to call Yinka and lament his predicament. Then the second surprise hit him. There was no connection for his network. “What??? Just kill me now now” yelled Abu. More complaints from his colleagues filled the air.

Resigned to fate and finally settling in to the warm welcome of the Batch B corpers that were already there, Abu and his colleagues got succor with the news that they could access alternative mobile networks. Finally, he could call Yinka!

Service Year

Slowly but surely, the service year rolled by. Abu poured himself totally to teaching his students, even though sometimes he had to practically use sign language for the not-so-bright lads who understood only Hausa language. His students loved him, personality and all. The ladies cozied up to him. How wouldn’t they? Abu was the complete package. But Abu wasn’t here for all that. In the absence of fun, all he could look forward to was seeing Yinka again and finishing NYSC.

Headcounts were so exciting for him because he got to see Yinka. The excitement tripled when he realized Malunfashi was just 40 minutes away from Kankara. Meaning more frequency in their meeting.

Joe the ‘Stoneface’, his close friend serving in Lagos and nicknamed for having a permanent frown made his week by regularly sending the video link to ARM Pension’s Diary of a job hunter series acted by Fish. Abu would forget his sorrows as he laughed so hard with Yinka each time they watched the video together, then proceed to write down the lessons learnt. They were both bent on never being in Fish’s predicament when they finished youth service.

Sparks ignite…

What started as a friendship between two like minds soon became complicated.

Abu didn’t understand how he felt. A chronic ‘playboy’, he refused to admit that his sudden fondness for Yinka had become love. Yinka on the other hand, told herself she didn’t share the passion. She had a bae and wasn’t prepared to bail on him.

So as months flew by and the end of NYSC neared, Abu feared for his fate. He had waited for the end of youth service desperately and now that it was here, he felt an emptiness. He thought of his journey back to Lagos and Yinka’s move back to Abuja. Would he ever see her again? Did their relationship mean enough to her?

These thoughts ran ceaselessly in Abu’s head as he prepared for Passing Out Parade. Even though he tried to tell himself that the feeling will pass when he got back to the groove in Lagos, a part of him said otherwise.

…………………………………..

“Yeah babe, I miss you too and I love you” Yinka cooed to Tony her boyfriend of 3 years. This time though, there was a catch in her voice. Did she really mean what she just said? Yes, she liked Abu a lot, but why did it feel like she felt more?

 

P.O.P Finally…

Packed up and ready to wave goodbye to Katsina, Abu and Yinka made their way back to the orientation camp in Katsina town for the Passing Out Parade and collection of their NYSC discharge certificate.

The place was buzzing with activities and the march past was in progress. Soon, corp members began collecting their certificates.

A few hours later, with certificates tucked inside their bags, Yinka and Abu flagged a bus back to Kankara. Yinka would take another drop from there to Malunfashi, before leaving finally for Abuja. The ride back was made in silence. For a duo that always had a lot to discuss, it was a weird occurrence.

When they got down at Kankara, Abu looked Yinka in the eyes and for the first time in many years, tears filled his eyes.

 

 

(What happens next between Abu and Yinka? What did the future hold after NYSC? Find out in next week’s episode)

 

 

The post Abu’s Journey (2): NYSC PPA ordeal appeared first on Realising Ambitions.

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In the news: NSE Index Falls Further

In the news: NSE Index Falls Further

Punch

Exit from recession still fragile, says CBN

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday said the 0.55 per cent Gross Domestic Product growth rate, which took the economy out of recession, was still fragile.

Banks, pension managers, others stake N105bn on sukuk bond

The Islamic sukuk bond recently issued by the Federal Government was oversubscribed by more than N5bn, the Debt Management Office said on Tuesday.

N336bn released for capital projects in first quarter – Adeosun

The Federal Government has said it has released a total sum of N336bn for the implementation of capital projects contained in the 2017 budget.

This Day

NSE Index Falls Further Despite 164% Rise in Trading Value

The Nigerian equities market recorded a mixed performance on Tuesday, as the Nigerian Stock Exchange (NSE) All-Share Index(ASI) fell further while value and volume of trading surged by 164.8 per cent.

10 Banks Facilitate N55.6tn Investments on FMDQ OTC Exchange

Access Bank Plc, Stanbic IBTC Bank Limited, Ecobank Nigeria Limited and United Bank for Africa (UBA) Plc, led the banks that facilitated highest trading value on the FMDQ OTC Securities Exchange between January and July 2017.

Guardian

Statoil plans $10b investment for Nnwa-Doro, Agbami offshore fields

Statoil has unveiled plans to increase its investment in Nigeria with more than $10 billion, having set a goal to satisfy the country’s growing population’s demand for increased energy with natural gas.

Government justifies N701bn power sector’s payment assurance guarantee

The Minister of Power, Works and Housing, Babatunde Fashola has said that the N701billion-payment assurance guarantee Power Sector Recovery Programme (PSRP), is consistent with Section 76(2)(b) of the Law, which seeks to ensure that producers of power recovered their investment and some profit.

SEC, Oando get 14-day ultimatum to resolve alleged N799b shareholders’ liabilities

The House of Representatives Committee on Capital Market and other Institutions has issued the Securities and Exchange Commission (SEC) and Oando Plc a two-week ultimatum to resolve all lingering issues bordering on the N799 billion stakeholders’ liabilities.

The Nation

Deductions take toll on 11 states’ FAAC allocation

The National Bureau of Statistics (NBS) has said 11 states lost a huge part of their August 2017 allocation to deductions.

NCC: telecoms sector investments hit $70b

The Nigerian Communications Commission (NCC) yesterday said total investments attracted by the telecoms sector to the country have reached $70billion.

Guinea Insurance plans N1b new capital raising

The board of Guinea Insurance Plc has approved a new capital raising of N1 billion as part of efforts to boost the operations and capital adequacy of the insurance company.

Reuters

Nigeria asks Senate to amend law for govt to settle 2.7 trillion naira debt: Nigeria’s government has asked parliament to amend its spending law to enable a debt program to settle 2.7 trillion naira ($8.6 bln) worth of obligations including pensions and salary arrears, according to a letter from Vice President Yemi Osinbajo.

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