FirstBank launches roadshow on Pension Settlement Framework

FirstBank said it plans to embark on a nationwide roadshow to engage pensioners on the approved Pension Settlement Framework.

The roadshow will be held between 18 August and 3 September 2026, the bank said.

The Pension Settlement Framework is a one-off settlement initiative developed to provide a final and sustainable resolution to long-standing pension-related matters raised by eligible legacy pensioners of the Bank who retired under the defined benefit scheme.

It was developed in partnership with the Nigeria Union of Pensioners (NUP) under the guidance of the National Pension Commission (PenCom).

The nationwide engagement programme to be held across six locations – Lagos, Ibadan, Benin, Enugu, Abuja and Kaduna – will provide pensioners with direct access to information about the framework, address concerns, clarify the benefits of the initiative and reinforce FirstBank’s commitment to the welfare of its pensioners, a statement by the bank said.

Group Head, Human Capital Management and Development, FirstBank Group, Olumuyiwa Olulaja, said: “We value the immense contributions made by our pensioners to the growth and success of the institution over the years. The approved Pension Settlement Framework reflects our commitment to constructive engagement and our desire to bring closure to longstanding pension-related matters fairly and transparently. The roadshow provides an important platform for direct interaction, enabling pensioners to gain a clear understanding of the framework and its benefits.”

The bank said the programme demonstrates its commitment to stakeholder engagement, transparency and promotion of sustainable relationships with all categories of stakeholders, including former employees whose dedication helped to shape the institution’s 132-year legacy.

It urged pensioners and relevant stakeholders in the designated locations to participate in the sensitisation sessions and take advantage of the opportunity to engage directly with representatives of the bank.

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