Business
Federal Retirees Decry Non-Payment Of Pensions
Some pensioners who retired from the public service in the country have continued to bemoan the non-payment of their monthly pensions and arrears.
The pensioners, who spoke in Lagos on Saturday, said that after receiving their gratuity, efforts to get their monthly pensions had failed.
Mr Iyiola Bello said that he retired from the National Bureau of Statistics in 2002 and was paid his gratuity but had not been receiving his pension.
“I have written letters and filled necessary forms but nothing has been done.
“I appeal to the Federal Government to look into the issue so that those who are supposed to ensure the payment of my pension will do so,’’ Bello said.
He said that it had been difficult for him to cater for his family without earning any money after working for many years.
Another retiree, Mr Banjoko Ogungbe, who left the service on Grade Level 14 in 2003, said that it took him about three years to get his gratuity after leaving the service.
“I wrote letters of complaint before my gratuity was paid.
“While in the U.S. some officials from pension office came to conduct a verification exercise and I was verified after which I started receiving only N20, 000 monthly as pension.
Ogungbe appealed to the relevant authorities not only to pay the arrears of his pension, but also to give him his correct monthly entitlements on schedule.
Mr Linus Urata, another retiree, who left the public service in 2004 on Grade Level 5, said that he was paid his gratuity and received his pension until 2011.
“ I have not been paid my pension since 2011. In 2010, we were verified but up till now, no money has been paid to me,’’ he said.
Another pensioner, who sought anonymity, said that he retired from the Federal Ministry of Works in 1995 and since the 2011 verification exercise, he had not been paid his pension.
“I had been collecting my pension until the pension commission carried out the usual verification and since January 2011 I have not been paid,’’ he said.
Mr Sunday Job, a pensioner and former President, Association of Senior Civil Servants of Nigeria (ASCSN) appealed to the Chairman, Pension Tax Force to ensure that the problem of nonpayment of pensioners was solved within a short time.
“I believe that if this issue of non-payment of pensions is looked into and the payrolls are cross checked, it will not take up to 30 days for all those affected to be paid,’’ he said.
He noted that many pensioners were dying as a result of inadequate care and lack of money.
Business
Agency Gives Insight Into Its Inspection, Monitoring Operations
Business
BVN Enrolments Rise 6% To 67.8m In 2025 — NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS) has said that Bank Verification Number (BVN) enrolments rose by 6.8 per cent year-on-year to 67.8 million as at December 2025, up from 63.5 million recorded in the corresponding period of 2024.
In a statement published on its website, NIBSS attributed the growth to stronger policy enforcement by the Central Bank of Nigeria (CBN) and the expansion of diaspora enrolment initiatives.
NIBSS noted that the expansion reinforces the BVN system’s central role in Nigeria’s financial inclusion drive and digital identity framework.
Another major driver, the statement said, was the rollout of the Non-Resident Bank Verification Number (NRBVN) initiative, which allows Nigerians in the diaspora to obtain a BVN remotely without physical presence in the country.
A five-year analysis by NIBSS showed consistent growth in BVN enrolments, rising from 51.9 million in 2021 to 56.0 million in 2022, 60.1 million in 2023, 63.5 million in 2024 and 67.8 million by December 2025. The steady increase reflects stronger compliance with biometric identity requirements and improved coverage of the national banking identity system.
However, NIBSS noted that BVN enrolments still lag the total number of active bank accounts, which exceeded 320 million as of March 2025.
The gap, it explained, is largely due to multiple bank accounts linked to single BVNs, as well as customers yet to complete enrolment, despite the progress recorded.
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