Pensioners hail NSITF boss over 23-year-old court judgment

Oluwaseun Faleye Esq 
Managing Director/CEO NSITF 

"The implementation of the Supreme Court judgment demonstrated the management’s commitment to resolving long-standing welfare concerns of retired NSITF workers." Pensioners 

.... Commends the management for implementing a N32,000 increase in monthly pension payments across the board and paying accrued arrears approved by President Bola Tinubu.

Pensioners under the Nigeria Social Insurance Trust Fund (NSITF) chapter of the Nigerian Union of Pensioners (NUP) have commended the Managing Director of the fund, Oluwaseun Faleye, for implementing a Supreme Court judgment that left some retirees waiting for their entitlements for more than 23 years.

The pensioners also praised the NSITF management for implementing approved pension increases and paying outstanding arrears, describing the measures as a significant relief to retired workers.

The commendation was contained in a letter dated October 7, 2026, titled “Letter of Commendation and Appreciation,” and signed by the chapter’s President, Danlami Aliyu, and Secretary, Olutekunbi Ayodele.

In the letter, referenced NUP/NSITF/2026/004 and addressed to Faleye, the union said the implementation of the Supreme Court judgment demonstrated the management’s commitment to resolving long-standing welfare concerns of retired NSITF workers.

It noted that some of the affected pensioners had spent more than two decades pursuing their entitlements, adding that the resolution of the dispute had brought relief to retirees who endured prolonged uncertainty.

The union also commended the management for implementing a N32,000 increase in monthly pension payments across the board and paying accrued arrears approved by President Bola Tinubu.

It further acknowledged the implementation of the 20 per cent and 28 per cent pension increases, saying the measures had provided additional financial relief to retirees grappling with rising living costs.

“Sir, these actions are not only commendable but have demonstrated your good intention, integrity and fatherly disposition towards our senior citizens who served the nation diligently,” the pensioners said.

According to the union, the payment of outstanding entitlements and implementation of approved pension increases showed the willingness of the NSITF management to translate government policies on pension welfare into tangible benefits for retirees.

It described the resolution of the over two-decade-old court judgment as a major step towards restoring confidence among retired workers and addressing grievances that had remained unresolved for years.

The pensioners said Faleye’s intervention reflected sensitivity to the plight of elderly Nigerians who devoted their active years to public service.

“You deserve all accolades for this laudable feat; posterity will forever remember you and your management for this gesture and sincerity of purpose,” the letter stated.

The union pledged its continued support and cooperation with the NSITF management, expressing confidence in Faleye’s leadership.

“We are truly proud to have you as our Managing Director and we pledge our support, cooperation and prayers for your success in office,” it added.

The pensioners urged the management to sustain its efforts to address issues affecting retired workers, stressing that their welfare remained a critical measure of institutional responsibility.