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230 FMBN retirees petition Buhari over outstanding pensions


Two hundred and thirty surviving pensioners of the Federal Mortgage Bank of Nigeria (FMBN) and the Federal Mortgage Finance Limited have cried out to President Muhammadu Buhari to compel their former employers to pay them their outstanding pensions, as they were yet to be settled since their retirement in 2003.

The retirees, who were about 300 in 2003 –70 having passed on – cried for justice as they claimed that they were being victimised for no just cause.

In an appeal to Buhari, the pensioners chronicled their “travails and traumatic experiences”, urging the president to prevail on the Federal Ministry of Works and Housing, FMBN, Pension Transitional Arrangement Directorate and the National Pension Commission to comply with a court judgment (PC/HC/CU/828/2007), which ordered that they be paid.


Spokesman for the pensioners, Abu Usman, who was retired by the Federal Mortgage Finance, said, “We appeal to President Buhari to prevail on the FMWH, FMBN, PATD, PENCOM to do the needful in order to save our souls as civil servants who were forcefully and prematurely retired in 2003.”

Following the promulgation of Decree 82 of 1993, the Federal Mortgage Bank was deconsolidated into two enterprises with the establishment of the Federal Mortgage Finance Limited.

In 2003, the two companies merged again. The new company screened the former staff and re-employed some.

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