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Banks Denied us Christmas, New Year Celebrations — Pensioners

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Pensioners
  • Banks Denied us Christmas, New Year Celebrations

The Nigerian Union of Pensioners has accused banks of refusing to pay pensions of its members after reportedly receiving allocation for the payment from the Federal Government, thus denying the retirees the Christmas and New Year celebrations.

The Vice-Chairman, NUP, Federal Branch, Lagos, Arashi Lawal, said the money was specifically meant to settle December 2016 pensions for the federal retirees.

He accused three major banks of holding back the funds and denying the pensioners under them the opportunity of celebrating the Yuletide and New Year festivities with their families.

He said, “This is unfair; some of the banks have paid a few pensioners but three big banks have not paid a larger number of the retirees. And we are aware that our money is with them because the Pension Transitional Arrangement Directorate told us that the money had been released to them.

“It is sad to see your colleagues getting paid while you are not paid. This means bleak Christmas and New Year for those not paid.”

The Head Corporate Communications, PTAD, Theodora Amechi, said the organisation was “engaging with the relevant authorities to ensure a quick resolution of the problem; I urge the pensioners to please bear with us. The 33 per cent arrears will also be paid as soon as funds are available.”

Some of the affected pensioners who spoke to our correspondent on the issue said they had not been paid for years and had no money to celebrate Christmas and the New Year.

The affected retirees, who expressed worry that undue hardship was sending many of them to their early grave, appealed to the Federal Government to urgently respond to their plight and pay their pensions.

The Chairman, NUP, Lagos, Mr. Dele Joseph, said the rate at which the members were calling the secretariat to lodge pension complaints was becoming worrisome.

He said the union could only plead with the government to come to the aid of the retirees so that they could have money to take care of themselves and their dependants.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Government

Abdulaziz Yari, Former Governor of Zamfara State, to Forfeit N270 Million in Zenith, Polaris

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Abdulazizi Yari

Abdulaziz Yari, Former Governor of Zamfara State, to Forfeit N270 Million in Zenith, Polaris

The former governor of Zamfara State, Mr. Abdulaziz Yari, could forfeit as much as N270 million stashed in Zenith Bank and Polaris Bank, according to Justice Ijeoma Ojukwu of the Federal High Court in Abuja.

Justice Ijeoma Ojukwu said the former governor could not prove how he came about the money legitimately to the court on Tuesday.

Mr. Yari, 52, who served as governor of Zamfara State for eight years between 2011 and 2019, was said to have used his position to amass wealth, the Independent Corrupt Practices and Other Related Offences Commission (ICPC) stated.

Since the court granted an order for interim forfeiture of Yari assets in August 219m he has been unable to explain why the money found in his bank accounts should not be forfeited to the Federal Government.

Justice Ijeoma explained that while there is nothing wrong in having such an amount in one’s bank account, the owner must be able to explain the legitimate source of such funds.

“The respondents, who have been given an opportunity to tell their story, have failed to provide evidence for such legitimate income.

“The respondents have not countered the case and facts presented by the applicants (ICPC).

“The respondents, having failed to establish the legitimate source of the money as stated in this case, this honourable court hereby makes an order of final forfeiture of the following:

“An order of final forfeiture of N12,912,848.68, being proceeds of some unlawful activity stashed in the name of Abdulazeez Abubakar Yari.

“An order of final forfeiture of $57,056.75, being proceeds of some unlawful activity stashed in an account number …in the name of Abdulazeez Abubakar Yari.

“An order of forfeiture of N11,159,674.17, being proceeds stashed in an account in the name of Kayatawa Nigeria Limited.

“An order of final forfeiture of $319,000.91, being proceed of some unlawful activity stashed in the name of Kayatawa Nigeria Limited.

“An order of final forfeiture of N217,000.04, being proceeds of some unlawful activity allegedly stashed in the name of B. T. Oil and Gas Nigeria Limited.

“An order of final forfeiture of $311,817.15, being proceeds of some unlawful activity stashed in the name of BT. Oil and Gas Nigeria Limited,” the judge held.

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Government

45th President of the United States, Donald Trump, Launches ‘office Of The Former President’ In Florida

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45th President of the United States, Donald Trump, Launches ‘office Of The Former President’ In Florida

The former President of the United States, Donald Trump, has launched the “Office of the Former President” in Florida in a move that suggests the 45th President of the world’s most powerful country remained resolute in his fight to return to office in the year 2024.

According to a statement released, the purpose of the office will be to oversee Trump’s post-presidential advocacy, ‘Make America Great Again’.

The Office will be responsible for managing President Trump’s correspondence, public statements, appearances, and official activities to advance the interests of the United States and to carry on the agenda of the Trump Administration through advocacy, organising, and public activism,” an official statement said.

President Trump will always and forever be a champion for the American People,” the statement added.

The former president has not made any public appearances since he left office on January 20, 2021, instead remained inside his luxury Mar-a-Lago resort.

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President Muhammadu Buhari Appoints New Service Chiefs as Buratai, Others Resign

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President Muhammadu Buhari Appoints New Service Chiefs as Buratai, Others Resign

President Muhammadu Buhari has appointed new service chiefs in an effort to bring the growing insecurities in Nigeria to an end.

The appointed service chiefs are Major-General Leo Irabor, Chief of Defence Staff; Major-General I. Attahiru, Chief of Army Staff; Rear Admiral A.Z Gambo, Chief of Naval Staff; and Air-Vice Marshal I.O Amao, Chief of Air Staff.

Femi Adesina, a presidential spokesman, stated in a statement issued on Tuesday.

According to him, the appointment was after Buratai and other service chiefs resigned and immediately retired from service.

The resigned and retired service chief were the Chief of Defence Staff, General Abayomi Olonisakin; Chief of Army Staff, Lt-Gen. Tukur Buratai; Chief of Naval Staff, Vice Admiral Ibok Ekwe Ibas; and Chief of Air Staff, Air Marshal Sadique Abubakar.

President Buhari thanked the outgone service chiefs for their dedication and commitment towards securing and protecting the lives of Nigerians.

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