CBN Retirees Plead with President Tinubu: End Years of Unpaid Pension Arrears and Restore Our Dignity"
A group of retired Central Bank of Nigeria (CBN) staff has made an emotional appeal to President Bola Ahmed Tinubu, urging him to personally intervene in the protracted crisis of unpaid pension arrears and entitlements that have left many in severe hardship. The retirees, who dedicated decades to the nation's apex bank, claim the CBN has failed to honor commitments from notional promotions agreed upon during major restructuring exercises in 2002 and 2004. These arrears, they say, represent rightful adjustments to pensions that should have reflected career advancements and salary reviews at the time. Compounding the frustration is a "Settlement Agreement" reportedly introduced in January 2025, which the group views as inadequate amid ongoing legal battles—including contempt proceedings and an appeal initiated by the CBN. Retirees argue that these delays have persisted despite court orders and promises, pushing many into poverty, ill health, and despair in their twilight ...