The House of Representatives has resolved to summon the Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, over alleged breaches of pension agreements and failure to pay outstanding benefits to retired employees of the apex bank.
The resolution followed the adoption of a motion during plenary on Tuesday, November 3, 2026, titled ‘Need to investigate the Central Bank of Nigeria for alleged breach of approved pension agreements, non-implementation of harmonization policy and exclusion of pensioners from general pension increases’.
The motion was sponsored by the member representing Igabi Federal Constituency of Kaduna State, Hussaini Jallo.
Presenting the motion, Jallo expressed concern over alleged violations of agreements guiding pension entitlements and the welfare of retired CBN employees.
He said the alleged failure to implement the harmonization policy had created disparities in pension payments and led to the accumulation of unpaid arrears, leaving affected retirees in financial hardship.
“The House is concerned that the alleged non-implementation and faulty execution of the harmonization policy may have led to disparities in pension benefits and the accumulation of unpaid arrears,” Jallo said.
The lawmaker also alleged that some pensioners had been excluded from general pension increases over additional demands which might not be supported by existing laws, agreements or approved pension policies.
Jallo disclosed that the number of CBN pensioners had dropped from 5,104 in 2011 to about 3,000, representing a decline of more than 2,100 retirees.
