CBN Governor Olayemi Cardoso summoned over pension issues
The House of Representatives has invited Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), along with relevant officials and pension administrators, to provide explanations regarding alleged breaches of pension agreements. This action follows a motion sponsored by Hon. Hussaini Mohammed Jallo (Rep, Igab), which highlights severe hardships faced by retired CBN employees due to non-compliance with pension policies.
Jallo expressed concerns over the alleged failure to implement a harmonisation policy, leading to disparities in pension benefits and unpaid arrears. He noted that the number of CBN pensioners has decreased from 5,104 in 2011 to approximately 3,000 today, raising worries about the impact of delayed payments on the welfare of elderly retirees.
The House has mandated its Committee on Pension to investigate these issues and urged the CBN to verify and pay all outstanding arrears to affected pensioners within a reasonable timeframe.
Plus234Feed summary based on reporting from Leadership Newspaper. Read the original report below.
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