The Nigeria Union of Pensioners (NUP) has urged the Federal Government to release N51 billion accrued right to enable the National Pension Commission (PenCom) to live up to its mandate to pay retirees. Its President, Mr Abel Afolayan said the problem of late payment to pensioners was caused by the government’s inability to release the accrued rights of more than N51 billion to PenCom to help them address the issues of pensioners arrears across the country.
In an interview at the weekend, he said: “It has become an attitude among many government agencies and employers to default in the remittance of contribution of workers’pension contribution to their Pension Fund Administrators(PFAs) and this is affecting the progress of the scheme.
“I want to assure that we shall not rest on our oars until the government pays us all our entitlements to the last kobo. “As senior citizens, we pray that recession will not turn to depression and that Nigeria will quickly come out of it and become even much stronger.” Read more