Pensioners of the defunct National Electric Power Authority and Power Holding Company of Nigeria (NEPA/PHCN) have staged a street protest in Benin City to demand payment of their benefit of over N25bn.
The protesters said they took to the street because they have exhausted their patience in having talks with officials of the Pension Transitional Arrangement Directorate, (PTAD).
They also alleged that dead pensioners were being paid while those alive are not getting anything.
Comrade Monday Adodo, Vice Chairman, South-South National Union of Pensioners in the electricity sector said the protest was a call to President Muhammadu Buhari to rescue them from their plight.
Comrade Adodo gave the breakdown of the N25bn pension benefit to include; harmonisation arrears, N14, 306,479, 450.49k, monetisation arrears, N7, 072, 029, 6074.96k and year 2000 retiree/retirement benefit which amounted to N3, 037,607,883.08k.
He also stated that the Nigeria Electricity Liability Management Company (NELMCO) was in charge of their pension payment and benefits until it was transferred to PTAD for settlement.
He said a letter was sent in 2017 to the immediate past Executive Secretary of PTAD, Mr Sharon Ikeazor for necessary action but no payment has been made since then.
“Now that the verification is completed we are yet to see any change. Instead of a positive result, some pensioners’ names are being removed from the payroll’’. “Mr President, as much as we are aware of your disposition and concern for pensioners’ welfare nationwide, we strongly appeal to you to also look at that of NEPA/PHCN pensioners.