We are hungry, direct African Alliance Insurance to pay us- Pensioners urge NAICOM

We are hungry, direct African Alliance Insurance to pay us- Pensioners urge NAICOM

NAICOM

Some Annuity pensioners have urged the National Insurance Commission (NAICOM) to intervene and direct the African Alliance Insurance (AAI) pay them, saying `we are hungry’

The pensioners made the appeal during a peaceful protect at the NAICOM in Abuja, on Monday.

The team leader of the protesters, Prof. Daniel Oguche, said that they were yet to receive any pension from September 2024 to date, adding that the times were hard for them.

” They promised us in January to pay all the arrears, but till date nothing has been done.

” We have exhausted our patience waiting for unfulfilled promises from AAI, many of our members have died, many are on their sick beds lying hopeless, yet no pension to buy drugs.

”We are seriously hungry, yet no money to buy food. Some of us need to pay our house rent and pay school fees, we cannot take care of our families again,” Oguche said.

He said that their colleagues in other insurance companies receive their money monthly.

” We cannot continue with this inhuman treatment, Moreso, this is our hard-earned investment which could have been effectively and efficiently managed for us,” Oguche said.

Mrs Christiana Ubah, who retired in 2015 from the Federal Ministry of Budget and National Planning, said she had not been paid for the past six months by African Alliance.

Ubah urged the Federal Government to come to their aid, saying: “today I can’t feed myself, see how my face is, its hunger.

Also, Mr Moses Uzor, said they are suffering and are not treated nicely.

” The Federal Government should look into this matter, and authorities to probe their account for transparency.

” As it is now, we do not know how they invested our money that things are this bad for them to pay us,” he said.

Earlier, Dr Talmis Usman Director Legal, Compliance and Enforcement, said that NAICOM was fully aware of their plight and had engaged management of AAI on the matter.

He said that AAI has agreed to sell some of its assets to generate funds and pay the pensioners.

Usman said that assets were very lucrative so getting buyers would not be a difficult issue and as soon as that was done, the retirees would be paid their entitlements.