By Dada Ahmed.
The National Union of Contributory Pension Scheme (NUPCPS) has dismissed an online report alleging that the Federal Government is deceiving retirees over the disbursement of the N758 billion bonds approved to offset outstanding arrears in the Contributory Pension Scheme (CPS).
In a statement signed by its National Chairman, Sylva Nwaiwu,posted on its platform on Wednesday, and obtained by The Reporters,the union clarified that it has no knowledge of, nor is it involved in, any planned nationwide protest said to be organized by CPS retirees without the leadership’s involvement.
Nwaiwu, who disclosed that he had been in constant communication with both the Debt Management Office (DMO) and the National Pension Commission (PenCom) as recently as September 2, 2025, assured members that the approved bonds are being floated as planned.
According to him, while years of delayed entitlements have caused anxiety among retirees, there is no indication that the payments are being denied or deliberately delayed.
Instead, he said the union is optimistic that PenCom’s account will be credited soon for onward disbursement to beneficiaries.
The NUPCPS national chairman urged all state, council, sector, and branch leaders, as well as union members, to disregard any information contrary to the union’s position, stressing that the official update remains valid and reliable.
“Congratulations in advance to all of us,” Nwaiwu said, expressing optimism that retirees will soon begin to receive their entitlements.
