The Nigeria Police Retirees (NPR) have firmly rejected the Inspector General of Police (IGP), Kayode Egbetokun’s position on the controversial Contributory Pension Scheme (CPS). Egbetokun asserted that retirees should not exit the scheme, emphasizing its importance for the overall well-being of the force and the nation’s economy.
Contrary to the IGP’s viewpoint, NPR members, led by National Coordinator Elder Chris Effiong (SP rtd), Secretary General Dr. Peter Silas (DSP rtd), National Legal Adviser Elder Ofem Mbang Esq (DSP rtd), and Vice Chairman of the Delta State chapter Bright Kakada (ACP rtd), released a statement over the weekend. The retirees staunchly advocated for the respect of their rights to choose whether or not to participate in the Contributory Pension Scheme.
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In their statement, the retirees raised concerns about the perceived inconsistency in linking the retirement benefits of Retired Police Officers under the CPS to the broader economy of Nigeria. They argued that macroeconomic indices, including fiscal and monetary policies, should be the determining factors, emphasizing that the Nigerian Police Force is not a profit-making organization engaged in business ventures.
The retirees expressed their perplexity, stating, “Even if the contrary becomes the case later, we remain at a loss to understand the inconsistency in tying the retirement benefits of Retired Police Officers under the CPS to the economy of Nigeria without recourse to the macroeconomics indices of fiscal and monetary policies.”
The debate intensifies as the NPR stands firm on titsassertion that their rights should be respected, and decisions regarding their retirement benefits should not be solely tethered to the economic concerns articulated by the IGP. The ongoing discourse raises critical questions about the intersection of pension policies and the economic landscape in Nigeria.
