Retirees underneath the aegis of the Nigerian Union of Pensioners, First Financial institution of Nigeria department, Ibadan, staged a peaceable protest on the South-West regional workplace of First Financial institution in Dugbe, Ibadan, on February 18, 2025, to press for a rise of their pensions.
The demonstrators, primarily aged women and men, informed journalists their pensions had not been reviewed for 20 years and described their scenario as the results of “desperation and a long time of injustice”. Their spokespersons, Debo Olaoya, Olusola Adekoya and Sanjo Akanmu, stated 75 per cent of the retirees survive on a month-to-month pension of N15,000, which they stated was insufficient.
They argued that, given the nationwide minimal wage of N70,000, their pension ought to be a minimum of N60,000. The group additionally demanded a rise of their N30,000 yearly medical allowance and the discharge of a N300 billion belief fund, which they stated was established for them by the financial institution’s founders.
The pensioners complained that the financial institution had failed to hold out the mandated pension assessment each 5 years. They acknowledged that the demonstration yielded no rapid outcomes, noting that their February pension remained at N15,000.
Regional administration employees acquired the protesters and pledged to ahead their grievances to the financial institution’s administration in Lagos. “We’ll go your message to the Administration of the Financial institution in Lagos. You’ll quickly see their optimistic responses,” the unnamed regional managers stated.
The retirees vowed to escalate demonstrations if their calls for weren’t addressed.
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