Reps summon CBN governor over alleged unpaid pensions

Nigeria’s House of Representatives resolved to summon Central Bank Governor Olayemi Cardoso to explain alleged breaches of pension agreements and unpaid benefits owed to retired bank employees. The motion, introduced by Hussaini Jallo, representative for Igabi in Kaduna State, cited disparities in benefits, unpaid arrears and the alleged exclusion of some pensioners from general increases. Jallo said the number of CBN pensioners fell from 5,104 in 2011 to about 3,000, warning that prolonged payment delays could expose elderly retirees to poverty and ill health. After adopting the motion, the House urged the authorities to verify and pay all legally owed arrears within a clearly defined period.