TOTALENERGIES EP NIGERIA CPFA

TotalEnergies EP Nigeria CPFA Nigeria Staff Non-Contributory Defined Benefits Pension Scheme (Scheme) is governed by the PRA 2014 and is administered by TotalEnergies EP Nigeria CPFA (TEPNG CPFA), a corporate body duly licensed by the National Pensions Commission (PenCom) as a Closed Pension Fund Administrator (CPFA) in accordance with the amended Trust Deed and Regulation set up in 2001 by the scheme sponsor, TotalEnergies EP Nigeria CPFA Nigeria (TEPNG) subject to the provisions of the Pension Reform Act 2014 (PRA 2014) ... In terms of ownership structure, TotalEnergies EP Nigeria CPFA is owned 99% by Total Energies (TEPNG) and 1% by Total Upstream Nigeria Ltd (TUPNI) in accordance with the amended Trust Deed and Regulation and the provisions of the Pension Reform Act (PRA) 2014 . The Scheme was established in 1993, but remained unfunded until 2000 when preparatory funding through the Treasury Department of TEPNG commenced. By November 8, 2001, TotalFinaElf (E & P) Trustees Nigeria..