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Retirement under present scheme a death trap – NLC

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*Says, nations pension scheme pauperizes workers at retirement

By Francesca Hangeior.

 

The Nigeria Labour Congress, NLC, has raised the alarm, claiming the present pension scheme is pauperising workers at retirement.

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According to NLC, retirement under the present scheme may have become a death sentence for many retirees and this has many consequences for behaviour of workers in active service.

President of NLC, Joe Ajaero, who raised the alarm in a remark at a retirement summit in Abuja, with the theme “Challenges, Strategies, Prospects and Opportunities at Retirement in Nigeria”, faulted the alleged over N360 billion pension arrears owed by the federal government to its retirees.

He said “The pension scheme, as it currently stands in Nigeria, unfortunately falls short of its fundamental purpose; to provide for workers in their old age. The medium for storing Pensions which is the Naira has maintained an unstable value and has kept depreciating over the years. It is only a stable platform that can truly serve as a solid store of value that can sufficiently maintain the value of contributions when workers retire.

“Pensions are meant to offer security and peace of mind, ensuring that retirees can enjoy their golden years without financial stress and in good health. However, the reality for many of us is starkly different.

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“It is worrying that most of retired members encounter not just health challenges but many others leading to untimely deaths because of the character and nature of our Pension scheme which pauperises them financially at retirement.

“Retirement under the present scheme may therefore become a death sentence for many and this has many consequences for behaviour of workers in active service.

”The federal government it is alleged owes nearly N260 billion in pension arrears, with federal parastatals accounting for an additional N40 billion. Some states have arrears stretching up to eight years. In the private sector, reports indicate that many companies are in arrears of up to three years, deducting contributions from workers’ salaries without remitting them to the respective Pension Fund Administrators (PFAs).

“In 2021, PENCOM according to its fourth quarter 2021 report, appointed recovery agents realised from 36 defaulting employers N984.23 million, representing N406.42 million as principal contribution and N577.87 million as penalty. The Micro-Pensions designed for the informal sector remain inadequately activated, further complicating the financial security of our informal economy workers.

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”The non-contributory Pensions funds are still subject to severe lootings by those who are supposed to manage them without consequences. The Maina and the former Accountant General issues are still very fresh in our minds.

“As usual, people get away with all manners of mind-boggling heist in our nation. We had wished that the various statutory agencies saddled with the responsibility of protecting workers are alive to their responsibilities. These challenges create an atmosphere of fear and uncertainty for the average worker approaching retirement in Nigeria.”

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Rivers State is yet to fully stabilise– Ibas

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The Sole Administrator of Rivers State, Retired Vice Admiral Ibok-Ete Ibas has revealed that there is relative stability in the State, but that the State is still fragile.

The Sole Administrator revealed this in Abuja on Friday when appeared before the House of Representatives Ad hoc Committee on Rivers State.

The Committee had invited the Sole Administrator for a proper briefing on developments in Rivers State, following the suspension of the State Governor, Siminalayi Fubara by President Bola Tinubu.

Speaking when he appeared before the ad-hoc committee, Ibas requested for more time to properly brief the committee on developments in the State.

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Ibas, apologisesd for his inability to attend earlier engagements, explained that the absence was not out of disregard, but rather due to the weighty and urgent demands of stabilising governance in Rivers.

“I have always held the National Assembly in the highest regard. I recognise the importance of your oversight responsibilities and your interest in the progress being made in Rivers, which is presently relatively calm, but still fragile,” Ibas said.

He went further to say: “That said, I only request your understanding and the indulgence of this committee to grant me additional time to adequately prepare and present a comprehensive and constructive briefing.

“Given the complexities and sensitivities surrounding the current transitional period in Rivers. It is important that any engagement with this committee is done with the depth, accuracy and clarity it rightfully deserves.

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“I remain fully committed to cooperating with the committee and to ensuring that all relevant information is made available in due course to support your important work.

“I only request the understanding and the indulgence of this committee to grant me additional time to adequately prepare and present a comprehensive and constructive briefing given the complexities and sensitivities surrounding the current transitional period in Rivers.

“It is important that any engagement with this committee is done with the depth, accuracy and clarity it rightfully deserves.

“I remain fully committed to cooperating with the committee and to ensuring that all relevant information is made available in due course to support your important work,” he said.

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Meanwhile, addressing newsmen after a close door meeting, the Chairman of the Committee, Rep. Julius Ihonvbere (APC-Edo) said that the committee resolved to give a new date to the sole administrator.

Ihonvbere, underscored the constitutional role of the National Assembly in legitimising and overseeing the state of emergency declared in Rivers.

According to the chairman, the federal legislature remains central to the state’s transitional process.

Ihonvbere reaffirmed the committee’s constitutional mandate and expressed satisfaction that the administrator had finally honored the invitation after earlier delays.

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He emphasised that the committee’s mandate was rooted in constitutional authority and that some of its terms had already been communicated to the administrator in an earlier letter.

The chairman encouraged the administrator to feel at ease, stressing that the committee members had been carefully selected to ensure broad representation across geopolitical zones and legislative experience.

“I want you to feel relaxed because the members you see here were carefully selected based on zonal representation and membership of the House to advance the progress that Rivers needs to make in order to be part and parcel of the holistic structure of democracy that Nigeria represents today.

“We have demonstrated again and again our preparedness to do this job efficiently and effectively,” he assured.

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Why we shut down MTN operation in Kogi owing to non compliance – Govt

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The Kogi State Utility Infrastructure Management and Compliance Agency, (KUIMCA) has explained the reasons behind the disruption in the service mobile Telecom giant, MTN in the state, pointing out that MTN owing to non compliance.

The Telecom service has been experiencing a service distruption in the last two weeks and witnessed total shut down in the last one week.

The Director General of KUIMCA Director General, Dr Taofeeq Isah while speaking with journalists on Friday in Lokoja attributed the shut down to the failure of the Telecom company to comply fully with rules of operation as stipulated in the official gazette guiding their operation in the state.

“In my assumption of office last August, I went through their files and discovered that they have not fully complied with the rules guiding their operations in the state. I called them for a discussion where they complained of being overbilled concerning the area of the state covered by their optic fibre.

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” I went with them for verification exercise to assess their claim which took about 4 days and we found out they were even covering more areas than they claimed.

“We asked they to go and make the necessary payment but MTN refused. That is why we sealed off their facilities after obtaining court order to do so so”.

The Director General called on the citizens of the state to be patient with them since their interest was being protected .

He said that since MTN is not the only network operating in the state, citizens as well as the security agencies to consider switching to other networks considering their importance in securing the lives and property of Citizens which should not be compromised under any circumstance.

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Also speaking, the Executive Chairman, Kogi State Internal Revenue Service , Salihu Enehe said that MTN has arrogated to itself so much power that they have been refusing to respond to so many entrities asking for complainces on various termes of operations in the state.

The Chairman who was represented by a Director in the agency Hassana Salawu noted that
MTN has been indulging in violation of various rules not only the optic fibre right of way across the state but also and have violated every rules guiding their operations in the state.

“MTN claimed to have 48 optic fibres when audit revealed they have 199 fibres laid under the ground in the state. We have called for reconciliation meetings severally but they claimed not to be ready up till now”.

But in a swift reaction, the MTN spokesperson in the State, though will not want his name in print, confirmed that negotiations is on going, assured that the issues will soon be resolved.

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Osun PDP Reps Dismiss Defection Claims, Pledge Support for Adeleke

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By Gloria Ikibah

Eight out of the nine Peoples Democratic Party (PDP) members representing Osun State in the House of Representatives have firmly restated their loyalty to the party and Governor Nurudeen Ademola Adeleke, distancing themselves from recent defection claims.

Their stance follows public comments by Rep. Busayo Oluwole Oke, who recently exited the PDP and hinted that other members of the Osun caucus were poised to follow his lead.

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In a joint statement released in Abuja on Friday, the lawmakers which include Reps Bamidele Salam, Ajilesoro Abimbola Taofeek, Mudashiru Lukman Alani, Akanni Clement Ademola, Omirin Emmanuel Olusanya, Adewale Moruf Adebayo, Adetunji Abidemi Olusoji, and Oladebo Lanre Omoleye—made it clear they remain committed to the PDP and its leadership in the state.

They described Oke’s exit as unsurprising, pointing to what they called his long-standing pattern of defiance, public criticism of the party, and antagonism towards the Adeleke-led government.

The lawmakers labelled his defection as an act of ingratitude, given the political opportunities the PDP had afforded him over the years, and cautioned him against spreading misleading narratives aimed at courting favour within his new political camp.

“The defection of our colleague, Hon. Wole Oke, is a personal decision that holds no bearing on the stability or cohesion of the PDP in Osun.  
 
“The remaining eight members of the caucus remain fully committed to the ideals and leadership of the party,” the statement read.
 
The caucus further praised Governor Adeleke for his “forthright, competent, and equitable” leadership since assuming office, stating that his administration has ensured the fair distribution of democratic dividends across all parts of Osun State.
 
“The achievements of Governor Adeleke are visible across all sectors — education, healthcare, infrastructure, and social welfare. 
 
“His governance style continues to inspire confidence within the party and among the people of Osun,” the lawmakers added.
 
They lawmakers acknowledged the Governor’s role as the undisputed leader of the party in the state, and credited his inclusive approach for the ongoing unity and strength of the PDP in Osun. 
 
They further pledged their continued support for his administration at both state and federal levels.
 
The PDP lawmakers assured constituents that their collective mandate remains intact and that they remain undeterred in their commitment to delivering on their legislative responsibilities and party obligations.
 
The caucus also called on party faithful across the state to remain steadfast and focused, urging them not to be swayed by political distractions. 
 
They affirmed that the PDP remains the most viable platform for sustainable development in Osun.
 
As the political landscape continues to evolve in anticipation of future elections, the Osun PDP Caucus reiterated its readiness to defend the party’s legacy and ensure that the people of Osun continue to benefit from democratic governance under PDP leadership.
 
 
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