shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » Alleged Depletion of Superannuation fund: Npa Retrees Threaten to Involve EFCC

Alleged Depletion of Superannuation fund: Npa Retrees Threaten to Involve EFCC

by Ade
November 10, 2008
in Uncategorized

The controversy over the depletion of the superannuation fund of the Nigerian Ports Authourity (NPA) has assumed a new dimension following last week’s threat by the retirees of the organisation to invite the Economic and Financial Crimes Commission (EFCC) to probe the alleged disappearance of huge amount of money form the fund’s purse 
 Apparently worried that its members’ life pension was being threatened by the depletion, the chairman, Lagos branch of the NPA Pensioners’ Association, Mr Ganiyu Makanjuola challenged the management of NPA to tell Nigerians what had happened to the retirees’ livewire and present status of the superannuation fund. Makanjuola disclosed at a recent meeting with the association’s national body, where issues of payments of arrears on increment and sundry matters were discussed, that the management had at an earlier meeting disclosed that there was no money to offset their pensions. Lending his voice, the Secretary General of the branch, Chief Zephaniah C. Egere, said their representatives were categorically told that the superannuation fund was in deficit of N36 billion. “Unfortunately, our leaders failed to ask them what happened to the Fund that it can no longer fulfil the purpose for which it was established. Since this is the case, we now want to approach the EFCC for it to help us find out what happened to the money”, Egere said. He regretted that the NPA management could treat them with disdain, noting that the implementation of 30 per cent salary increase for workers which took effect since 2000 for serving officers, had lingered for eight years resulting in a cumulative arrears of N7.3 billion, which according to him, the management said it could not pay. Cataloguing other areas of alleged neglect on the part of the management of NPA, he pointed at the 15 per cent salary increase for workers which the administration of former President Olusegun Obasanjo approves for payment with effect from January 2007. He regretted that while serving workers had been enjoying it, their retiree colleagues were yet to benefit, thereby defeating the government’s policy of extending to pensioners any salary increase that would be enjoyed by serving civil servants. Chief Egere wondered why NPA workers should be subjected to inhuman treatment like this, even when sister parastatals and organizations that never had better fortunes than the maritime blue-chip body, were faring better. “We have looked at other parastatals and how they operate their pension funds. NNPC, for instance, has a pension fund that can take care of pensioners for 80 years even if the organization stops to operate any more. “For NEPA (National Electric Power Authority), its pension fund can last till 100 years even if liquidated now. Even the liquidated Nigerian National Shipping Line paid off its staff. None of these bodies is owing its workers, why must it be NPA?” The Secretary General maintained that the Lagos Branch of the association, constituting 70 per cent of the 8,000 membership of the retirees, had become curious in unravelling why the Superannuation Fund had been depleted to the whopping tune of N36 billion. He said it was for that purpose they would now table the matter to the EFCC and the Independent Corrupt practices and other related Offences Commission (ICPC).


Related Posts

VESSELS EXPECTED AT LAGOS PORT AS AT TUESDAY 10, MAY 2022

VESSELS EXPECTED AT LAGOS PORT AS AT TUESDAY 10, MAY 2022

May 10, 2022
VESSELS EXPECTED AT LAGOS PORT AS AT FRIDAY 29, APRIL 2022

VESSELS EXPECTED AT LAGOS PORT AS AT FRIDAY 29, APRIL 2022

April 29, 2022

‘Why I Pay More Attention To Rail Than Maritime Sector’- Rotimi Amaechi

September 27, 2021
ANLCA President Calls For Emergency On Reconstruction Of Roads Leading Into Apapa

ANLCA President Calls For Emergency On Reconstruction Of Roads Leading Into Apapa

May 15, 2021

Discussion about this post

Latest News

Navy Destroys 172 Illegal Refineries, Arrests 45 Suspects, Says Nigeria Exits ‘High Risk’ Piracy

Navy Destroys 172 Illegal Refineries, Arrests 45 Suspects, Says Nigeria Exits ‘High Risk’ Piracy

May 25, 2022

Navy Rescues 7 Victims From Kidnappers’ Hideout In Bayelsa

Marine Pollution Prevention Our Focus, IOPC Fund Implementation On Track – NIMASA

Oil Marketers Seek Investments In New Trucks

MAN, NAGAFF, Others Say Nigeria Not Prepared For AFCFTA

NIWA Decries Increased Boats’ Mishaps, Threatens Punitive Measures

Ethiopia Earns Over $458m Mining Exports Revenue In 9 Months

VESSELS EXPECTED AT LAGOS PORT AS AT WEDNESDAY 25, MAY 2022

6 Ships With Petrol, Other Items Waiting To Berth At Lagos Ports

NEPZA Trains 40 Personnel For Security Of Special Economic Zones

NNPC, Sahara Group Invest $300m In Two Gas Carriers

Women Will Be Given Equal Opportunities As Their Male Counterparts – Amaechi

kindly like our Facebook page

Health

Stay Away From Bush Meat To Prevent Monkeypox, NCDC Urges Nigerians
Health

Stay Away From Bush Meat To Prevent Monkeypox, NCDC Urges Nigerians

May 23, 2022

The Director-General of the Nigerian Centre for Disease Control, Dr. Ifedayo Adetifa has urged Nigerians to avoid bush meat as...

Stop Consuming Suya Roasted With Open Flames, Physician Tells Nigerians

Stop Consuming Suya Roasted With Open Flames, Physician Tells Nigerians

May 23, 2022
COVID-19, 40 Other Outbreaks Top Regional Diseases In 2021 – WAHO

COVID-19, 40 Other Outbreaks Top Regional Diseases In 2021 – WAHO

May 16, 2022
EU Relaxes Anti-COVID Measures, Drops Wearing Of Masks On Planes

EU Relaxes Anti-COVID Measures, Drops Wearing Of Masks On Planes

May 16, 2022
What You Need To Know About Monkeypox

What You Need To Know About Monkeypox

May 16, 2022
Sleep Duration Of 7 Hours Optimal For Elderly – Study

Sleep Duration Of 7 Hours Optimal For Elderly – Study

May 16, 2022
COVID-19 On Increase In Americas, Africa – WHO

COVID-19 On Increase In Americas, Africa – WHO

May 9, 2022
‘65 Per Cent Of Africa’s Population Survived COVID-19’

‘65 Per Cent Of Africa’s Population Survived COVID-19’

May 9, 2022
Seven Hours Of Sleep Ideal For Middle-Aged Persons – Study

Seven Hours Of Sleep Ideal For Middle-Aged Persons – Study

May 9, 2022
Some Things That Are Actually Damaging The Kidneys (2)

Some Things That Are Actually Damaging The Kidneys (2)

May 9, 2022

The World Of Vaccines, Before And After COVID

April 29, 2022

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition