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Pensioners are Treated Badly by Plateau – Ex NUP Chair

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Danladi Jimoh a former Chairman of  Nigeria Union of Pensioners (NUP), Plateau State has described as miserable and despicable the untold hardship that the government of the All Progressives Congress (APC) under Governor Simon Lalong has inflicted on pensioners in the state.

He described as dishonorable, the deliberate refusal of the Lalong administration to review upward, the N5,000 stipend paid monthly to hundreds of pensioners in the state to enable them to meet up with the market reality in the country.

Jimoh disclosed this Wednesday during an interaction with journalists in Jos, saying that the PDP administration of former Governor Jonah Jang was far better than Lalong’s administration in terms of payment of gratuities after retirement from service.

He explained that most pensioners in the state have died of hunger and heart failure over lack of gratuity, while the N5,000 monthly pension is not realistic with the current economic turbulence in the country.

Jimoh, who retired from the Ministry of Water Resources in 2001, was elected by his colleagues in 2004 as chairman of Nigeria Union of Pensioners.

He said he personally submitted a request for the upward review of pension and harmonization in the state to Lalong in 2016, but nothing has been done till date.

He explained that 70 per cent of pensioners in Plateau State are collecting N5,140 monthly as pension, which he said is nothing considering to the current economic reality.

“To be very honest with you, we really enjoyed the PDP government under Jonah David Jang, he actually took care of pensioners. He was approving N130 million monthly to clear arrears of gratuity, and he was releasing this money on monthly basis.

“Being the chairman of the union then, we pressurized him to attend to our needs and he was forthcoming in terms of addressing our plights. We were negotiating on the need for harmonization and upward review of pension until his tenure came to an end.

“But when the APC government came in, I personally presented the paper to Governor Lalong but up till date, he has not done anything about it. This has led to the death of our members on daily basis because somebody will retire for years without gratuity.

“When you talk, they will say pensioners are being paid monthly and how much are they paying? Do you believe that majority of pensioners are still receiving N5,140 monthly? What can that do in the present day economic reality.

“Most of these pensioners have families of five, 10 and 15 people. What will N5,000 buy for such families? I expected the governor to review upward this pension out of sympathy but he did not,” he said.

Jimoh alleged that the gratuities of retirees are being paid based on loyalty to the APC and who you know in the current government, adding that the dubious practice contravenes the civil service rule.

He called on retirees in Plateau State to work in unison ahead of the forthcoming governorship election, to bring back PDP to power in the interest of the progress of Plateau, and to the benefit of pensioners and civil servants.

 

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Cornerstone Insurance Strengthens Balance Sheet, Declares 28 Kobo Dividend

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BY NKECHI NAECHE-ESEZOBOR—Nigeria’s leading underwriter, Cornerstone Insurance Plc, has strengthened its financial position after posting solid growth across key performance indicators for the 2025 financial year.

‎Speaking today during the company’s 34th Annual General Meeting (AGM), held in Lagos, its Acting Chairman, Afolabi Balogun, said the company’s  profit after tax rose to N11.76 billion at the end of 31st December, 2025 when compared to N25.89 billion reported in 3025. D

‎According to him the Group recorded insurance revenue of N51.66 billion, representing 34% increase over the previous year of  2024, while earnings per share stood at 64 kobo per share.

‎Total assets rose to  N141.03 billion while shareholders’ fund rose to N72.86 billion from  N60.50 billion in the previous year of 2024. 

In recognition of these performance, the Board recommended a dividend of N0.28 per share.

‎These results he noted reflect the strength of its  franchise, the quality of its customer relationships, and the disciplined execution of our strategy. 

‎‎On future outlook he said “Cornerstone enters this new phase from a position ‎strength. We have a clear strategy, a strengthened Capital base, an experienced leadership team, and the support a committed majority shareholder. Most importantly, ‎have a trusted brand and a growing customer franchise that provides a strong platform for sustainable growth.

‎Managing Director, Stephen Alangbo, further  explained that the company’s profit before tax declined to ₦8.73 billion from ₦28.62 billion in 2024 due to the normalisation of earnings after the exceptional foreign exchange gains recorded in the previous year. 

‎‎He noted that the company had posted ₦30.83 billion in one-off foreign exchange gains in 2024 following the Naira devaluation.

‎“Adjusting for this one-off effect, our underlying performance demonstrates sustained growth in our core insurance operations,” Alangbo said.

‎The company’s report also showed that net profit for the year stood at ₦11.76 billion, down from ₦25.89 billion in 2024, further reflecting the normalisation of earnings after the exceptional gains recorded in the previous year.

The post Cornerstone Insurance Strengthens Balance Sheet, Declares 28 Kobo Dividend appeared first on Business Today NG.

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Anthropic’s landmark $1.5B copyright settlement is approved

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Anthropic can finally start cutting checks to a group of authors and book publishers that sued the AI lab over copyright infringement. A federal judge gave final approval Monday of Anthropic’s landmark $1.5 billion settlement of a class action copyright lawsuit, Reuters reported.

Judge William Alsup of the U.S. District Court for the Northern District of California issued a preliminary approval of the settlement last year, after ruling that Anthropic had illegally downloaded and stored millions of copyrighted books.

Alsup has since retired and Judge Araceli Martinez-Olguin signed off on the settlement on Monday.

The payout will deliver $3,000 per work across an estimated 500,000 works, shared among the authors and publishers who hold rights to them. While the settlement is believed to be the largest in the history of U.S. copyright law, many authors and creators still don’t view it as a win.

That’s because of how the legal question was resolved. Alsup sided with Anthropic on the core issue. He ruled that training an AI model on copyrighted text counts as fair use — a decision widely seen as a turning point for the AI industry. But the ruling didn’t excuse how Anthropic obtained the books in the first place. Anthropic had built its training library from two sources: books it purchased and scanned (fine), and books it downloaded from pirate sites like Library Genesis and Pirate Library Mirror. Alsup found the second method illegal on its own terms and said that piracy question could go to trial; Anthropic agreed to a settlement soon after to avoid a trial and whatever damages a jury might have awarded.

While the final approval closes out this case, it doesn’t settle the legal question industry-wide because Alsup’s ruling was a single district court decision, and Anthropic’s decision to settle means the case will never reach an appeals court to become binding precedent.

Other judges are still free to reach their own conclusions on their own facts, which is exactly what’s playing out elsewhere. There is still a string of copyright lawsuits against companies such as Google, Meta, Midjourney, and OpenAI over whether it’s legal to train AI models on copyrighted works. Just last week, a group of publishers and authors, including Hachette, Cengage, Elsevier, author Scott Turow, and S.C.R.I.B.E. filed a class action lawsuit against Google over accusations that the company used their copyrighted works to train its AI platform, Gemini.

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