Strike: ASUU Receives Licence To Run Pension Scheme

The Academic Staff Union of Universities (ASUU) on Monday received the certificate of operation for the Nigerian University Pension Management Company (NUPEMCO) from the National Pension Commission, the regulatory agency for the country’s pension companies.

The refusal of the regulatory agency to approve the teachers’ union’s pension commission for operation was one of the major issues in the dispute between the ASUU and the federal government.

But on Monday, the President of ASUU, Biodun Ogunyemi, in a short message sent across to members of the union, said ASUU received the certificate at about 11:20 a.m on Monday.

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Mr Ogunyemi thanked members of the union for standing solidly behind the leadership while the struggle lasted. He pledged the union’s commitment to achieving reform in the Nigerian university system.

His message reads; “Dear Comrade, We collected the final letter of approval of NUPEMCO operational license at about 11.20a.m in PENCOM office this morning. Profound appreciation goes to all who prepared the ground and made this possible. While congratulating all our members for this landmark achievement of the union, we also thank them for their patience. The struggle continues! Biodun Ogunyemi.”

The union president earlier told the News Agency of Nigeria that the leadership was still consulting with its members over offers made by the federal government regarding the ongoing strike embarked upon by lecturers.

Source: Premium Times

The Author

Chinenye Nwabueze

Nwabueze is a communication researcher with several years of lecturing experience in Nigerian universities.

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