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The Association of Senior Civil Servants of Nigeria (ASCSN) has described the plan by the governors to borrow from the Contributory Pension Funds as a scheme by state governors to siphon N17trillion pension money.
In a statement issued on Monday titled: “Labour Condemns Plans by Governors to Borrow ₦17Trillion Pension Funds,” the union said it condemned “the plans by the 36 state governors to siphon ₦17 trillion from workers’ pension funds.”
In the statement signed by the ASCSN Secretary-General, Comrade Alade Bashir Lawal, the ASCSN regretted that the governors, “some of whom their states have not contributed a dime to the pension funds were now desperate to collect ₦17 trillion out of it to massage their insatiable greed.”