Stakeholders disagreed among themselves on Friday in Abuja on the proposed establishment of Police Pension Board.
This is as the stakeholders overwhelmingly supported the proposed move by the Senate for the establishment of Nigeria Police Special Force Academy on the strength of bill sponsored to that effect by Senator Ali Ndume (APC Borno South).
Stakeholders ‘ disagreement on establishment of Police Pension Board characterised the Public Hearing held on the bill sponsored for that purpose by Senator Elisha Abbo (APC Adamawa North).
At the public hearing organised by the Senate Committee on Police Affairs, while Senators, the Police and groups of Police retirees, supported the proposal, the National Pension Commission (PENCOM), Pension Fund Operators Association of Nigeria, Nigeria Labour Congress, etc, kicked against it.
The Inspector-General of Police, Alkali Baba represented by Deputy Inspector General Sanusi Lemu, in his presentation, said the Police required a distinct board on its own for management and administration of pensions of retired Police personnel in the mode of the Military Pension Board.
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“The Police as clearly stated by the title of the bill ” Police Pension Board Establishment Bill 2022,” deserved to have a separate body for management and administration of Pensions of its retirees.
“Exiting the Contributory Pension Scheme (CPS), being run and managed by PENCOM, is long overdue for the Police on account of poor services being subjected to.
“The proposed board, will boost the morale of Police Personnel to dispassionately discharge their duties of fighting crimes,” he said.
Chairman of the Committee, Senator Dauda Haliru Jika, sponsor of the bill, Senator Elisha Abbo and Senator Ali Ndume, in their separate remarks, said the Police deserved to be given special treatment enjoyed by the Military with a special pension board.
But their position was kicked against by the Director-General of PENCOM, Aisha Dahiru who said allowing the Police to exit CPS, will amount to taking the country back to the dark ages of mismanagement of pension fund which landed the country with N1.6trillion liabilities in June 2004 when the scheme started.
Also kicking against the proposed board, the Chief Executive Officer of Pension Fund Operators Association of Nigeria, Oguche Agudah, admonished the committee and by extension the Senate, not to legislate liabilities.
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He said since the proposed body will be solely funded by budgetary allocations, avoidable burden, will be placed on the federal government currently battling with N10.7 trillion budget deficit in 2023 fiscal year.
“We cannot in good faith , legislate liabilities,” he stressed.
President of the Nigeria Labour Congress ( NLC), Ayuba Waba, in his presentation hammered on prompt payment of gratuities of retired police personnel or those who died in active service.
He said the proposed Police Pension Board is well envisioned but the problem is sustainability as regards funding saying ” the mistake of moving from known to unknown, should not be made.
The Senate Committee on Police Affairs is expected to present it to the Red Chamber when it reconvenes next week Tuesday.