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Retirees pleads with FG to save them from FMBN

By Chris Ochayi
Retirees of  Federal Mortgage Bank of Nigeria (FMBN) have appealed to the Federal Government to intervene and save them from the dehumanising treatment by the Bank’s management.

The retirees who made the appeal in a communiqué issued  in Abuja, however said, that they have already run out patience with the Bank and are now battle-ready as their next line of action.

As a result of their resolve, the union has issued a 14-day ultimatum to the Bank to affect the increases in their pensions in accordance with the existing pension law or face the consequences.

The Executives and Zonal Representatives of the Nigeria Union of Pensioners (NUP), Federal Mortgage Bank of Nigeria (FMBN)branch at the end of their meeting, described as inhuman the fact that some of its members are being paid N300 as monthly pension in the present day economic reality in the country.

The communiqué was jointly signed by the National President of the Union, Chief Ladipo Ani and eight others including, the Vice-President of the Union, Alhaji Dahiru Abubakar, Comrade Yemisi Aluko-Olokun, Secretary, Comrade V. A. Ladipo, Treasurer and South West Coordinator, Comrade Lola Ladigbolu, Financial Secretary, Alhaji I.A Yusuf, Coordinator, Comrade Maxwell Mbah, Coordinator South East, Comrade A.A Joshua, Coordinator South-South and Comrade J.O. Sekoni, Coordinator Lagos.

They regretted that their members could be so subjected to such inhuman treatment despite various representations made to both the Federal Government and the FMBN management on the issue.

The Union described as inhuman the fact that some of its members are paid N300 as monthly pension in the present day economic reality in Nigeria. The Communiqué reads in part: “On 28th January, 2010 the Executives and the Zonal Representatives of Federal Mortgage Bank of Nigeria (FMBN) Union of Pensioners met to deliberate on matters affecting the pensioners of this organisation.

“At the end of the meeting, the Union decided to bring to the notice of the relevant Authorities and the good people of Nigeria the dehumanising situation members have found themselves in the hand of the present FMBN Management.

“Whereas, the FMBN increased the salaries and allowances of its serving staff twice since 2006 it has  failed to adjust that of the pensioners accordingly as required by Law and Constitution.

“In spite of the clarification obtained from National Salaries and Wages Commission, in this regard the Management of FMBN has failed to comply. The Commission had in its response letter to the Union dated 6th July, 2007 and signed by Mrs. E.F Ogunboye, affirmed that “Pensioners are entitled to corresponding increase in pension whenever there is an increase in the remuneration of serving officers”.

But the Union said since 2006, there has been a twice increase in the salaries and allowances of the serving staff without the corresponding increase in their pension, saying, “The Union observes that many of its members are earning as low as N300.00 per month which is inhuman in the present day economic reality of Nigeria”. The Union therefore, said that it has resolved that if within 14 days, no positive action was taken by the FMBN Management it shall go ahead and take appropriate action.


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