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๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Economy & Trade

Edo NEPA, PHCN retirees demand N350bn arrears payment

From The Punch · () English

Summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • Pensioners of the defunct NEPA and PHCN in Edo State protested alleged non-payment of entitlements for 25 years, totaling over N350 billion.
  • Retirees claim the Federal Government released funds to PTAD, but they have not received their harmonisation, monetisation, and electricity rebate arrears.
  • Many retirees are reportedly suffering hardship, with some dying due to lack of funds for medical expenses and basic needs.

Pensioners from the defunct National Electric Power Authority (NEPA) and Power Holding Company of Nigeria (PHCN) in Edo State have protested the alleged non-payment of their pensions and gratuities for 25 years. The retirees claim their outstanding entitlements have accumulated to over N350 billion, causing significant hardship and leading to the deaths of many colleagues.

We have been asking for this payment, which the Federal Government has released. Putting everything together, itโ€™s over N350bn that they are now owing us. And these accumulations are from harmonisation, monetisation and electricity rebates that they have not paid to us.

โ€” Alile OsakioduwaDetailing the alleged outstanding entitlements.

Speaking on behalf of the group, Alile Osakioduwa alleged that the Federal Government has released the necessary funds to the Pension Transitional Arrangement Directorate (PTAD). However, these funds have not been disbursed to the retirees, who are owed arrears from harmonisation, monetisation, and electricity rebates. Osakioduwa stated that even gratuities for those who retired in 2000 were short-paid by approximately 45 percent.

The majority of our pensioners are dying. Many are even sick. If you can see some of them who are here now, you can see how age has reduced their strength. We worked in NEPA, which later became PHCN.

โ€” Alile OsakioduwaDescribing the dire situation faced by the retirees.

The retirees also claim they have not benefited from recent pension increments approved by the Federal Government, including those under President Bola Tinubu's administration. The alleged failure to pay these outstanding entitlements has made it increasingly difficult for many retirees to cover medical expenses and provide for their families. "The majority of our pensioners are dying. Many are even sick," Osakioduwa lamented, pointing to the visible toll of age and hardship on the protesters.

This money has been given to PTAD. In actual fact, this money was collected by PTAD in May this year. It was given to them by the Federal Government, facilitated by the Secretary to the Government of the Federation, George Akume, in May. They have received the money. They promised to pay us in July. First of all, they said June. Two weeks later, they said July. July has passed, and there is no sign that they want to pay us.

โ€” Solomon IfijehProviding a timeline of fund release and payment delays.

Another retiree, Solomon Ifijeh, corroborated the claims, stating that PTAD received the funds in May, with assurances of payment by July. "July has passed, and there is no sign that they want to pay us," Ifijeh said. The retirees are appealing to President Tinubu to intervene and direct PTAD to address their grievances, expressing concern that the situation at PTAD is "getting out of hand."

We want them to step into this matter. They should check the activities of PTAD because it is getting out of hand.

โ€” Solomon IfijehAppealing for presidential intervention.
DistantNews Editorial

Originally published by The Punch. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.