Pensioners from the Ajaokuta Steel Company Limited (ASCL) in Kogi State have called on the Federal Government to pay the 22 months pension arrears owed them. The arrears amount to N2 billion.
The chairman of the pensioners of ASCL, Mr Clement Ohida who spoke, on Tuesday at a press briefing in Lokoja under the auspices of Nigeria Union of Pensioners, Kogi State Council, also called on the management of Industrial and General Insurance (IGI) to pay the pension fund of N300million released to it by the Federal Government since 2009.
Ohida said that IGI, which served as one of the underwriters to the board of pensioners, had refused bluntly to release funds to pay pension benefits, stressing that the association had employed maturity and sense of responsibility to prevail on the management of IGI to pay the credit balance of N300million meant for pensioners in its custody without success.
The chairman noted that due to the poor management of pensioners funds by IGI, the insurance company had been under suspension, while he noted that the company continued to hold tight onto their benefits since 2009.
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