The Senate has passed the Bill for the Establishment of a Police Pension Board, a move that will balloon the federal government’s pension liabilities by N2
The former secretary to the government of the federation , Boss Mustapha, had written to the Inspector General of Police in January 2022 to reiterate that an SGF circular. Ref. 59149/S.1/C.1/11/266, dated July 20, 2021, which said the police must be under the Contributory Pension Scheme , remained in force.
In 2004, the Olusegun Obasanjo administration carried out a comprehensive pension reform to address the plight of pensioners who were always owed years in arrears. But under this bill passed by the Senate, the federal government will now be fully responsible for police pensions.
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