Home Labour O’dua Investment pensioners decry non-payment of entitlements

O’dua Investment pensioners decry non-payment of entitlements

Retired workers of Odua Printing Ltd, a subsidiary of Odua Investment Ltd have decried the non-payment of their pensions.
The retirees, who made the plea while fielding questions from newsmen in Lagos, appealed to the company’s management to consider their plight and save them from dying in penury.
According to the spokesman of the pensioners, Mr. Simeon Taiwo, the retirees were 17 in number; adding that  five of them were already dead , while the rest  are  seriously incapacitated due to lack of funds to settle medical bills.
He disclosed that the company released a paltry N1.8 million in 2008, which it paid to them as their as entitlements   for life.
“The highest receiver from the money got about N100.000 which is meager after spending all their lives with the company.
“This prompted us to hire a lawyer, who went with us to the company to beg for more when  they had meeting with the company’s  Resource Manager,  on February 18, 2014”, he said.
“What we heard from him gave us hope that the company will do something urgent about the matter, but to our astonishment, the man has been avoiding us by not making himself available or picking our calls”, he added
“We decided ,as a last resort,  to intimate the mass media of our plight. That is the reason why we called on you journalists, to please come to our aid so that we will all not die in suffering”, he appealed.
Meanwhile, the lawyer of the group, Chief Taiye Ojerinde has appealed to the management of Odua Investment Company to come to the aid of the retirees so that they will not be impoverished the more in their old age.
“The people need money in their old age and are dying in suffering; we want journalists to avenge them,  to tell people about their travail because money given to them was too meagre for  them for live with. The retirees are ready to collectively sign agreement that they will not request for more in the future after they have collected this”, he said.
When contacted, the erstwhile Resources Manager said he was himself, a retiree, and as a result,  could  not say anything on the matter.
The company’s spokesman who pleaded for anonymity however said: “Odua Investment Company is not indebted to the retirees”.
“The N1.8million paid to them was out of pity because the company, Odua Printing Limited where they served has folded up”, he added.

Total Views: 445 ,


Leave a Reply