It has been reported that the Academic State Union of Universities (ASUU) on Monday received the certificate of operation for the Nigerian University Pension Management Company (NUPEMCO) from the National Pension Commission, the regulatory agency for the country’s pension companies. This was disclosed by the President of ASUU, Biodun Ogunyemi, in a short message sent across to members of the union.

He disclosed that ASUU received the certificate at about 11:20 a.m on Monday.

Recall that one of ASUU's agitation is the refusal of the regulatory agency to approve the union’s pension commission for operation.

Mr Ogunyemi thanked members of the union for standing solidly behind the leadership while the struggle lasted. He pledged the union’s commitment to achieving reform in the Nigerian university system.

Earlier, Mr Ogunyemi told newsmen that the leadership of ASUU was still consulting with its members over offers made by the federal government. According to the ASUU president, the government made some offers in the course of meetings with ASUU, which are still being deliberated on.

Mr Ogunyemi said ASUU is expected to be involved in another round of meeting with the government within the week, adding that he expects a positive outcome.