By Batari Musa.
For the interim management to meet with members of Pensioners , Lagos chapter is a sign of positive development for both sides.
I want to appeal to the interim management to send their representative to each of the branch offices of African Alliance with a view to meet annuitants who live around each state and hold discussions with the annuitants.
I am not saying that the Lagos chapter of the Pensioners will not address the concerns of all annuitants who have a policy with African Alliance (AA), but for comprehensiveness of information, the interim management need to hold such meeting with annuitants in other states.
May I also appeal to both the interim management and NAICOM to consider reducing what AA owes annuitants. Since May, 2024 to date, annuitants have not been paid their annuity. As a result, coupled with the hard economic situation in the country, annuitants are facing a lot of challenges, ranging from inadequate feeding, medical issues, their children being sent back from their schools for not paying school fees to accumulated debts.
Under this condition, the management should clear the backlog of the unpaid annuity if they do not want annuitants dead. NAICOM, being the regulator of the Insurance Industry should find a way to bail out AA.
NAICOM knows the assets of AA and their market value and therefore they should assist AA under this circumstance.
NAICOM and the Interim Management should imagine and consider the feelings of the Annuitants. As you are enjoying your salaries and other allowances,it will be very much appreciated if can do something for the annuitants whose pensions you collected and invested, making good returns out of that,out of which you are being paid salaries.
I hope you will consider this appeal and do something positive to make the annuitants happy. To wait until the management has turned around AA within one year before annuitants are paid will amount to both of you trying to exterminate the annuitants.
By the way, what is NAICOM doing to the former management and board who created this problem. Is sacking them the only punishment for the problem they created?.
Culled from the comment section
One Comment