Reps invite CBN gov over unpaid pension arrears

The House of Representatives has resolved to invite the Governor of the Central Bank of Nigeria, Olayemi Cardoso, to explain alleged breaches of pension agreements and the non-payment of benefits to retired employees of the apex bank. The motion, moved by Rep. Hussaini Jallo, expressed concern over alleged non-compliance with contractual agreements governing the pension entitlements and welfare of retired CBN employees.

The lawmakers also raised concerns over allegations that some pensioners had been excluded from general pension increases on the grounds of additional or extra-statutory demands that might not be consistent with applicable laws, binding agreements or approved pension policies.

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