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Pensioners task First Bank on defunct NSITF scheme


LAGOS—First Bank pensioners have called on management of the bank to help them retrieve members’ funds  trapped in the defunct Nigerian Social Insurance Trust Fund, NSITF scheme and the National Housing Scheme, NHS.

At a briefing by its new executive in Lagos, the pensioners under the auspices of First Bank Pensioners Association of Nigeria, called on the management of the bank to review their current pension which they said had made made life difficult for them.

Reading a communiqué at the end of their meeting before news men, the association’s National General Secretary, Cosmos Aligekwe said, “It is our belief that the management of First Bank is unduly playing pranks with the lives of pensioners whose collective efforts in the past brought the bank to its present glory.

“We are hereby informing the bank and the general public that enough is enough. We, the retirees of First Bank have suffered enough in silence while the bank continues to go public with its fabulous profits.”

However, the management of First Bank in an unsigned statement said: “Management wishes to state that First Bank of Nigeria Limited is guided by globally acclaimed best practices in its relationship with serving and ex-staff that have been instrumental to the success of the bank over the decades. The bank meets its obligations to its current and ex-staff as at and when due, and will continue to maintain an open door policy with all its stakeholders.”


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