Open letter to Prof. Soludo
We, the Central
Bank of Nigeria
(CBN) pensioners highly commend you for the bold steps you have been taking in managing the nation’s economy since you were appointed the CBN governor in June, 2004.
The successful consolidation effort in the banking industry among others, will remain a lasting legacy of your great courage, wisdom and clarity of vision.
We also wish to thank you for all you have been doing for our former colleagues who are still in the service of CBN. The promotion exercises of 2006 and 2007, particu-larly that of 2006 where over 2,000 members of staff of various grades were elevated is unprecedented.
Furthermore, the generous upward review of emoluments of our serving counterparts in June last year which was backdated to January I, 2007, with arrears, is also worthy of commendation.
Our only grouse is that some of these goodies are not extended to pensioners; for what is sauce for the goose is also sauce for the gander.
Rather, the pensioners are left to die in penury. While you have been doing well in managing the nation’s economy and in handling matters affecting CBN serving staff welfare, you have not paid any serious attention to CBN pensioners’ welfare since you assumed office. It would appear that you regard pensioners as spent forces, at best, meant only to be tolerated. We are hereby pleading with you to change that attitude.
Sir, you are aware that pension is a legitimate and constitutionally guaranteed right of pensioners and a simultaneous upward review of pension whenever emoluments are reviewed is guaranteed under Section 173 (i-iii) of the 1999 Nigerian Constitution. We are, therefore, not happy that several months after the emoluments of CBN serving staff were upwardly reviewed and paid to them with handsome arrears, the pensioners have been left with nothing but to suffer hardship arising from the inflationary trend in the country.
The CBN Pensioners who have so far been denied these goodies are also Nigerians like those who have received them and also buy from the same Nigerian markets.
We are therefore most humbly appealing to you to ensure we receive the enhanced pensions and medical allowance with some arrears before Easter which comes up on March 23 this year.
Toyin Owolabi, Chairman, Okey Eze, Secretary,
For and on behalf of the CBN Pensioners Welfare Association.
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