On a daily basis, we are currently barraged with articles portraying the desire of police retirees to live decent lives as a crime. To make a lump sum withdrawal of more than 25 per cent of your RSA balance, the law says “the amount left in the RSA after such lump sum withdrawal shall be sufficient to fund a programmed withdrawal of life annuity of not less than 50 percent of the retiree’s monthly remuneration as at the date of retirement.” After working for years and retiring from 50 upwards, you don’t get reasonable access to your own money. In this country, we have a so-called pension law that ultimately only enriches the Pension Fund Administrators (PFAs).

It seems to me that Nigeria parades a serial killer in the form of pension law that treats police retirees and others like dirt, killing them for sport. Barazza’s life is such a sad one-her eldest son was beaten to death with a baseball bat-but she is for me only a metaphor. Unable to get over her mother’s cruelty to her, Barraza joined the world of wrestling, then began murdering lonely women aged 60 and above, posing as a caregiver. Barraza was just 13 years old when her alcoholic mother, who incidentally had her at 13, reportedly exchanged her for three beers to a man who repeatedly raped her, and by whom she had a son. Indeed, he told me that his wife doubted his pay until he showed her his pay slip.Īs we chatted, my mind immediately summoned the story of Juana Barraza, a notorious Mexican serial killer currently serving a 759-year sentence for killing 16 elderly women. Why would a retired SP be driving a Micra for daily bread? He told me that his pension was a mere N35,000 per month! I could not believe my ears. As it turned out, however, he is a retired superintendent of police. Knowing that he was a police retiree, I had thought that he was maybe a sergeant. Recently on a visit to Ilaji Hotels and Resorts in the Ona Ara area of Ibadan, I was left completely dumbfounded by a disclosure by the driver who took me and some colleagues to the resort.

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