The Association of pensioners of NICON Insurance Plc and Nigeria Re-Insurance has lamented non-payment of members’ pension benefits ten years after privatisation of the two insurance firms.
NICON Insurance Plc and the Nigeria-Re insurance Corporation were government institutions privatised respectively by the Bureau of Public Enterprises (BPE) in 2005 and have been in the control of a private management.
However, pensioners of the two insurance companies had in a letter addressed to the Coordinating Minister of Economy / minister of finance Dr Ngozi Okonjo-Iweala dated February 10, 2015, a copy made available to journalists, lamented they had yet to be paid their pension benefits 10 years after the sale of the firms and urged the minister to intervene.
They lamented minister’s inability to grant the association member’s audience even after two reminders were addressed to her.
The pensioners in a letter signed by the chairman, Edwin Nwagwu, the secretary, Ngozi Akpala, Emmanuel Omadivi and Awa Mmaju respectively, pleaded with minister to grant members audience stating that, “it is our hope and expectation that the Hon. Minister finds time to grant us audience to enable her feel our pulse and that of our colleagues, the terrible situations we all are passing through as a result of non-payment of our pensions benefits for the past ten years.”
Pensioners’ renewed push for payment of their ten years outstanding benefits came on the heels of approval by the National Council on Privatization (NCP) acting on the recommendation of the Bureau of Public Enterprises (BPE) last year directed finance ministry to source monies to pay the affected pensioners of the two insurance firms.
A committee was inaugurated by BPE in 2013 to look at outstanding pension matters of NICON insurance and was given two months to complete its assignment.
Members of the committee were drawn from the BPE, EFCC, National Pension Commission, National Salaries, Income and Wages Commission, NICON Insurance and representatives of pensioners.
NICON Insurance Plc and the Nigeria-Re insurance Corporation were government institutions privatised respectively by the Bureau of Public Enterprises (BPE) in 2005 and have been in the control of a private management.
However, pensioners of the two insurance companies had in a letter addressed to the Coordinating Minister of Economy / minister of finance Dr Ngozi Okonjo-Iweala dated February 10, 2015, a copy made available to journalists, lamented they had yet to be paid their pension benefits 10 years after the sale of the firms and urged the minister to intervene.
They lamented minister’s inability to grant the association member’s audience even after two reminders were addressed to her.
The pensioners in a letter signed by the chairman, Edwin Nwagwu, the secretary, Ngozi Akpala, Emmanuel Omadivi and Awa Mmaju respectively, pleaded with minister to grant members audience stating that, “it is our hope and expectation that the Hon. Minister finds time to grant us audience to enable her feel our pulse and that of our colleagues, the terrible situations we all are passing through as a result of non-payment of our pensions benefits for the past ten years.”
Pensioners’ renewed push for payment of their ten years outstanding benefits came on the heels of approval by the National Council on Privatization (NCP) acting on the recommendation of the Bureau of Public Enterprises (BPE) last year directed finance ministry to source monies to pay the affected pensioners of the two insurance firms.
A committee was inaugurated by BPE in 2013 to look at outstanding pension matters of NICON insurance and was given two months to complete its assignment.
Members of the committee were drawn from the BPE, EFCC, National Pension Commission, National Salaries, Income and Wages Commission, NICON Insurance and representatives of pensioners.
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