Adeosun, Udoma before Reps over N302bn pension arrears

The House of Representatives on Thursday quizzed the Minister of Finance, Kemi Adeosun and Budget and National Planning Minister, Udoma Udo Udoma over N302.4 billion pension arrears.
The lawmakers demanded to know what the Executive was doing to offset the outstanding pension liabilities under the Defined Benefit Scheme (DBS) and the Contributory Pensions Scheme (CPS).
The Speaker of the House, Yakubu Dogara, last week said the ministers and heads of relevant agencies should appear before the House to find a realistic solution to the intractable problem of outstanding pension payments.
Adeosun and Udoma in their presentations pleaded for more time to pay the outstanding pension arrears, saying the Federal Government paid N54 billion out of the outstanding pension arrears on Wednesday.
The challenge, according to the ministers was due to the inability of the government to reconcile the figures between the relevant pension administration agencies