Reps invite CBN governor over alleged unpaid pensions
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Vanguard News
Reported by Ayobami
Tue, 3 Nov 2026, 15:51
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The resolution followed the adoption of a motion on Tuesday titled, “Need to investigate the Central Bank of Nigeria for alleged breach of approved pension agreements, non-implementation of harmonisation policy and exclusion of pensioners from general pension increases.” The motion was moved by the member representing Igabi Federal Constituency of Kaduna State, Hussaini Jallo. By Gift ChapiOdekina, Abuja The House of Representatives on Tuesday resolved to invite the Governor of the Central Bank of Nigeria, Olayemi Cardoso, to explain alleged breaches of pension agreements and the non-payment of benefits to retired employees of the apex bank.
Context & Background
✦He said the alleged non-implementation and faulty execution of the harmonisation policy might have resulted in disparities in pension benefits and the accumulation of unpaid arrears, leaving affected pensioners in financial hardship.
Key Figures & Named Entities
Tuesday:By Gift ChapiOdekina, Abuja The House of Representatives on Tuesday resolved to invite the Governor of the Central Bank of Nigeria, Olayemi Cardoso, to explain alleged breaches of pension agreements and the non-payment of benefits to retired employees of the apex bank.Tuesday:The resolution followed the adoption of a motion on Tuesday titled, “Need to investigate the Central Bank of Nigeria for alleged breach of approved pension agreements, non-implementation of harmonisation policy and exclusion of pensioners from general pension increases.” The motion was moved by the member representing Igabi Federal Constituency of Kaduna State, Hussaini Jallo.
Outlook & Next Steps
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Key Takeaways
Verified Extract
✦The resolution followed the adoption of a motion on Tuesday titled, “Need to investigate the Central Bank of Nigeria for alleged breach of approved pension agreements, non-implementation of harmonisation policy and exclusion of pensioners from general pension increases.” The motion was moved by the member representing Igabi Federal Constituency of Kaduna State, Hussaini Jallo.
✦By Gift ChapiOdekina, Abuja The House of Representatives on Tuesday resolved to invite the Governor of the Central Bank of Nigeria, Olayemi Cardoso, to explain alleged breaches of pension agreements and the non-payment of benefits to retired employees of the apex bank.
✦He said the alleged non-implementation and faulty execution of the harmonisation policy might have resulted in disparities in pension benefits and the accumulation of unpaid arrears, leaving affected pensioners in financial hardship.
Key Facts:Tuesday: By Gift ChapiOdekina, Abuja The House of Representatives on Tuesday resolved to invite the Governor of the Central Bank of Nigeria, Olayemi Cardoso, to explain alleged breaches of pension agreements and the non-payment of benefits to retired employees of the apex bank.Tuesday: The resolution followed the adoption of a motion on Tuesday titled, “Need to investigate the Central Bank of Nigeria for alleged breach of approved pension agreements, non-implementation of harmonisation policy and exclusion of pensioners from general pension increases.” The motion was moved by the member representing Igabi Federal Constituency of Kaduna State, Hussaini Jallo.
Editorial Excerpt
Jallo further disclosed that the number of CBN pensioners had declined from 5,104 in 2011 to approximately 3,000, representing a....
Frequently Asked Questions About This Story
What is the latest development regarding Federal Capital Territory?
The resolution followed the adoption of a motion on Tuesday titled, “Need to investigate the Central Bank of Nigeria for alleged breach of approved pension agreements, non-implementation of harmonisation policy and exclusion of pensioners from general pension increases.” The motion was moved by the member representing Igabi Federal Constituency of Kaduna State, Hussaini Jallo.
Who are the key organizations or public figures mentioned?
By Gift ChapiOdekina, Abuja The House of Representatives on Tuesday resolved to invite the Governor of the Central Bank of Nigeria, Olayemi Cardoso, to explain alleged breaches of pension agreements and the non-payment of benefits to retired employees of the apex bank.
What timeline or key figures were confirmed?
By Gift ChapiOdekina, Abuja The House of Representatives on Tuesday resolved to invite the Governor of the Central Bank of Nigeria, Olayemi Cardoso, to explain alleged breaches of pension agreements and the non-payment of benefits to retired employees of the apex bank.
