Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    British Pound Strengthens as UK Economy Beats Expectations

    October 16, 2026

    US, European Markets Rise as Global Risk Appetite Improves

    October 16, 2026

    XRP Rebounds on Ripple Banking Partnership for RLUSD

    October 16, 2026
    Facebook X (Twitter) Instagram
    Trending
    • British Pound Strengthens as UK Economy Beats Expectations
    • US, European Markets Rise as Global Risk Appetite Improves
    • XRP Rebounds on Ripple Banking Partnership for RLUSD
    • Oil Dips as IEA Members Agree on Emergency Stocked Crude Release
    • Bitcoin Rises, MSCI Rule Targets Strategy Exclusion from Global Index
    • EU Leaders Call for Measures to Tackle Soaring Energy Prices
    • World Bank Mobilises $112bn Private Capital to Boost Job Creation
    • FG Approves Health Insurance for Prison Inmates
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Friday, October 16
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Pensioners Write Tinubu, others, say PenCom Scheme Worsening Retirees’ Woes

    Pensioners Write Tinubu, others, say PenCom Scheme Worsening Retirees’ Woes

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiAugust 28, 2024 News No Comments2 Mins Read
    Pensioners Write Tinubu, others, say PenCom Scheme Worsening Retirees’ Woes
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Pensioners Write Tinubu, others, say PenCom Scheme Worsening Retirees’ Woes

    The Correctional Officers Pencom Retirees Association of Nigeria (COPRAN),  says the contributory Pension Commission (PenCom) scheme is worsening the challenges of retirees.

    COPRAN, in a petition to President Bola Tinubu, Senate President, Speaker House of Representatives, Minister of Labour, and Human Rights Commission, among others, said that pensioners were starved of their funds by PenCom after retirement.

    The President of COPRAN, Plateau Command, Mr Anthony Ayiwulu, said that the PENCOM policy, although made in good faith, has caused more harm than good to the public servant retirees, who were also called senior citizens.

    Ayiwulu said that there was an urgent need for the policy to be changed or reviewed for the common good and betterment of those concerned and for an effective result.

    The association’s president stated that after 35 years of diligent, selfless service to one’s nation, all one has to show for it, is owed gratuities and the inability to provide one’s basic needs and even the needs of one’s family.

    “The Nigerian Army sought out of the PenCom scheme and their request was granted, because the scheme only created untold hardship in the lives of retired servicemen.

    “In the current situation of the country with rate of inflation, retirees have a lot of bills to pick including taking care of their health.

    “There should exist a spirit of fairness in the nation’s dealings with its citizens and in the payment of civil, public servants and retirees promptly, would help them  cope with retirement,” he said.

    He said that the senior citizens were yet to receive any palliative to mitigate the hard economic situation in the country.

    According to him, senior citizens under PenCom were asked to submit their information through their various Pension Fund Administrators (PFAs), but up till date there has been no positive response. #Pensioners Write Tinubu, others, say PenCom Scheme Worsening Retirees’ Woes

    Oil Prices Fall Below $80 Amidst Geopolitical Tensions

    Pencom Tinubu
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Ogochukwu Ndubuisi
    • Website
    • Facebook
    • X (Twitter)
    • LinkedIn

    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

    Keep Reading

    British Pound Strengthens as UK Economy Beats Expectations

    US, European Markets Rise as Global Risk Appetite Improves

    XRP Rebounds on Ripple Banking Partnership for RLUSD

    Oil Dips as IEA Members Agree on Emergency Stocked Crude Release

    Bitcoin Rises, MSCI Rule Targets Strategy Exclusion from Global Index

    EU Leaders Call for Measures to Tackle Soaring Energy Prices

    Add A Comment

    Comments are closed.

    Editors Picks

    British Pound Strengthens as UK Economy Beats Expectations

    October 16, 2026

    US, European Markets Rise as Global Risk Appetite Improves

    October 16, 2026

    XRP Rebounds on Ripple Banking Partnership for RLUSD

    October 16, 2026

    Oil Dips as IEA Members Agree on Emergency Stocked Crude Release

    October 16, 2026

    Bitcoin Rises, MSCI Rule Targets Strategy Exclusion from Global Index

    October 16, 2026
    Latest Posts

    British Pound Strengthens as UK Economy Beats Expectations

    October 16, 2026

    US, European Markets Rise as Global Risk Appetite Improves

    October 16, 2026

    XRP Rebounds on Ripple Banking Partnership for RLUSD

    October 16, 2026

    Oil Dips as IEA Members Agree on Emergency Stocked Crude Release

    October 16, 2026

    Bitcoin Rises, MSCI Rule Targets Strategy Exclusion from Global Index

    October 16, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.