We’re dying in droves over your failure to pay our right pension, First Bank pensioners lament inhumane treatment
From Ogundele Olanrewaju
Pensioners of the First Bank of Nigeria (FBN), Ibadan Chapter, have lamented the inhumane treatment being meted out to them by the management of the first generation bank.
The pensioners in a statement made available to journalists in Ibadan, said they are groaning under ungodly and inhumane pension payment
In the statement signed by Prince Debo Olaoya(JP), Elder Christopher Adekoya (Chapter Chairman), Comrade Bamgbola Hassan, Comrade Olusanjo Akanmu and Comrade Adekunle Ajibola, the pensioners said their members dying in droves.
The former bankers stated that their former employer (FBN) failed to comply with the 2010 court judgment.
“The public should note that the bank is yet to comply with court judgment of 2010 which instructed the Bank management to account to the pensioners over N200 billion accumulated Pension Trust Fund as reflected in the First Bank Year 2006 Audited Account”, the pensioners disclosed.
They also said the foremost bank has refused to review the monthly pension payment since 2012 despite various Government directives and edicts that there should be periodic review every five years.
They lamented that 80 per cent of the pensioners are earning less than N20,000.00k monthly irrespective of their departure status.
The statement read: “At the recent monthly meeting of First Bank pensioners, Ibadan chapter, it was observed that the pensioners are seriously groaning under the yoke of inhuman treatment being meted to them.
“It is sad to note that 80 per cent of the pensioners are earning less than N20,000.00k monthly irrespective of their departure status.
“The bank has refused to review the monthly pension payment since 2012 despite various Government directives and edicts that there should be periodic review every five years.
“The First Bank management has also consistently ignored all the plea by pensioners to this effect.
“As a result of this insensitivity, the pensioners are now dying in droves while a lot are languishing on sickbed due to mounting and unaffordable medical bills.
“The public should note that the bank is yet to comply with court judgment of 2010 which instructed the Bank management to account to the pensioners over N200 billion accumulated Pension Trust Fund as reflected in the First Bank Year 2006 Audited Account”.
