In a communique released, NLC President Joe Ajaero accused the government of diverting 40% of NSITF contributions into the national treasury, in violation of the fund’s founding laws. He warned that further interference would trigger nationwide industrial action.

The union also demanded the immediate constitution of a governing board for the National Pension Commission (PenCom), citing concerns over mismanagement and lack of oversight.

“The NSITF is a safety net for workers, not government revenue,” the NLC stated, insisting that pension funds are deferred wages and must be protected from political interference.

In response, PenCom maintained that all pension funds remain safe and are consistently growing through regular contributions and investments. However, it confirmed the absence of a governing board, noting that the responsibility lies with the Presidency.

The Nigeria Employers’ Consultative Association (NECA) echoed the NLC’s call, urging the government to reconstitute the PenCom board in line with the Pension Reform Act.

Meanwhile, the NSITF has yet to issue an official response. Internal sources told journalists that the fund is still reviewing the NLC’s demands.

The labour body also criticised the government’s economic policies, citing inflation, insecurity, and public sector decay. It condemned alleged attempts by the administration to amend the NSITF Act and seize control of the fund, describing the move as an attack on workers’ rights.

The NLC further announced the dissolution of its Edo State Council over alleged anti-union activities and appointed a caretaker committee pending new elections.