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Senate vows to expose fraudsters in pension funds mgt





THE upper chamber of the  National Assembly, the Nigerian Senate  has vowed to, through legislative processes, expose and punish the people behind the criminal and other unethical practices, especially non-payment of pensions that have inflicted pains and suffering on pensioners in the country.

Chairman, Senate Joint Committee on Establishment and Public Service Matters, States and Local Government on The Investigation of Pensions Payments and Management/Administration of Pension Funds, Senator Aloysious Etok, at a public hearing of the committee in Lagos, assured that the senate would do everything possible to bring to an end the agonies and pains which pensioners in the country had been subjected to.
Addressing stakeholders at the hearing, Senator Etok said “This Committee is vested with oversight powers over all Pensions Office/Establishments of the Federal Government and also works on the Budgets of these pension Establishments at the National Assembly in consonance with the Standing Orders of the Senate.
“The Committee will discharge its duties and exercise the powers conferred on it by Section 88 and 89 of the Constitution of the Federal Republic of Nigeria to ensure that corruption, embezzlement and misapplication/diversion of funds are exposed, the perpetrators brought to book and all necessary legislative remedies provided, to bring to an end the agonies and pains to which our pensioners have been subjected.”
“Today marks a new dawn in our legislative actions for a permanent solution to the ugly, unacceptable, deplorable and repulsive condition and system of pension administration and payment in Nigeria which have brought untold hardship, bitterness and misery to our elder statesmen – our pensioners. These pensioners are indeed true elder statesmen who had meritoriously put in all their years of youthful strength and intellect to the service of their fatherland.
“It must be noted that only those who served their fatherland devotedly, faithfully and satisfactorily for the required number of years and retired honourably are pensioners. These faithful men and women retired when their strengths and intellect began to greatly diminish and fail. They must not be subjected to any despair, misery or sufferings of any form whatsoever.”
He added “to put a permanent end to this deplorable and awful situation, the Senate has resolved to; through the instrumentation of law and the institutionalization of necessary legal framework on pension administration and management correct all the anomalies inherent thereto.”
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2 comments

  1. Thanks so much senate, you guys are trying now, please do this is too much in all the 36 state, they will collect bribe from the pensioners and at the end they will not still get their money, my mum is a victim (Kogi State), is bad.

    ReplyDelete
  2. May the Lord God forgive all the perpetrators of this evil acts,let them remember that the sin of the father shall be visited upon their children to the fourth generation.Let them Fear God,and stop eating old people money.LA.O

    ReplyDelete

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