n400bn

The Chairman of the Senate Committee on Establishment and Public Service, Ibrahim Shekarau, has claimed that the federal government currently owes retirees over N400 billion in accrued pension.

Shekarau said this at the second annual National Assembly retreat with the Pension Funds Operators Association of Nigeria (PenOp) held in Uyo, Akwa-Ibom State late on Monday.

He said the committee would work with the federal government to offset all the arrears, “even if it would be the only achievement that the ninth National Assembly would be remembered for.

“Government owes the accrued …