Accruals
Federal pensioners pull out of pensions union
The crisis among pensioners on Sunday got messier as Federal Civil Service Pensioners (FCSP) finally opted out of the Nigeria Union of Pensioners (NUP) over alleged denial of the branch’s rights and privileges. Members of FCSP also premised their decision on “illegal and unconstitutional” appointment of a caretaker committee by the NUP at its April National Delegates Conference held in Abuja. FCSP announced it was pulling out from NUP in a communique issued at the end of the emergency NEC meeting of the union which was held at Labour House by its national chairman, Omezi Sunday. Sunday explained that opting out became necessary over the lingering trade dispute between the FCSP and the NUP. According to him, the protracted impasse is occasioned by the blatant refusal of the NUP to give a co...
Delta governor: We inherited N100 billion unpaid pension under compulsory pension scheme
Gov. Ifeanyi Okowa of Delta on Sunday said his administration inherited about N100 billion unpaid pensions under the Contributory Pension Scheme (CPS). Okowa disclosed this at the third session of the 8th Synod of the Church of Nigeria (Anglican Communion), Ughelli Diocese. The session was held at Bishop Agori-Iwe Memorial Church, Ughelli. Okowa said that the financial burden forced 18 state governments out of 26 that enlisted on the scheme to withdraw, leaving only eight state governments, including Delta, in the Programme. The governor explained that the major challenge which forced the states to withdraw and others not to enrol in the scheme, was the huge backlog running into billions of naira. He said that his administration was up-to-date with payment of pensioners in the old scheme. ...
