Twenty-six years after some of them retired from the defunct National Electric Power Authority (NEPA), pensioners under the Concerned NEPA/PHCN Pensioners Pressure Group say several categories of their retirement benefits remain unpaid.

The pensioners, who staged a protest over the weekend at the Pension Transitional Arrangement Directorate (PTAD) liaison office at Tafawa Balewa Square, Lagos, accused the pension management authority of delaying the settlement of their outstanding entitlements despite repeated demands.

Led by Oladimeji Dunmoye and Julius Ayodeji, the protesters displayed placards demanding payment of what they described as accumulated pension and retirement benefits owed to former NEPA/PHCN workers.

The pensioners said their grievances cover several unresolved entitlements arising from different pension adjustments and retirement arrangements over the years.

They alleged that the outstanding liabilities include the 42 per cent short payment of gratuity and monthly pension for retirees in 2000, as well as arrears arising from the harmonisation of pension payments for retirees from the 1990s to 2003.

According to the group, although the harmonisation was effected in 2013, arrears for the period between 2003 and 2013 remain unpaid.

The pensioners also demanded payment of arrears arising from a 33 per cent pension increase approved under the administration of former President Goodluck Jonathan, claiming that NEPA/PHCN pensioners qualified for the adjustment.

They further alleged that more than 4,000 pensioners were entitled to monetisation benefits, but only about 3,000 had received payment, leaving more than 1,000 retirees outstanding.

Another unresolved issue, according to the protesters, is the electricity rebate previously enjoyed by NEPA/PHCN retirees under the defined benefit pension scheme.

They said the rebate was stopped in 2012, despite their claim that it formed part of their terminal benefits and that funds had continued to be provided for the entitlement.

The group also demanded payment of what it described as four per cent equity shares arising from the sale of NEPA/PHCN, alongside outstanding 50 per cent back-end computation arrears and balances of 10.66 per cent and 12.95 per cent.

The pensioners further alleged that the Central Bank of Nigeria released more than N350 billion to PTAD in May 2026 to settle accumulated arrears. They insisted that the money be disbursed to beneficiaries without further delay.

They therefore demanded that the various categories of outstanding benefits be settled in August, arguing that prolonged delays had become unacceptable to elderly retirees who had waited for years to receive benefits they believe are legally due to them.

The protesters warned that continued delays could intensify pressure on PTAD, accusing its management of treating former NEPA/PHCN workers with contempt.

The group called on the Federal Government and PTAD to urgently review all outstanding claims, reconcile the records of affected pensioners and commence payment of verified arrears.