Pensioners of the defunct National Electric Power Authority/ Power Holding Company of Nigeria on Wednesday morning staged a street protest in Benin City to demand payment of their benefit of over N25bn.
Comrade Adodo gave the breakdown of the N25bn pension benefit to include harmonisation arrears, N14, 306,479, 450.49k, monetisation arrears, N7, 072, 029, 6074.96k and year 2000 retiree/retirement benefit which amounted to N3, 037,607,883.08k. He said a letter was sent in 2017 to the immediate past Executive Secretary of PTAD, Barr. Sharon Ikeazor for necessary action but no payment has been made since then.His words, “Now that the verification is completed we are yet to see any change. Instead of positive result, some pensioners’ names are being removed from the payroll.