Nigeria, Nov. 21 -- First Bank pensioners, under the National Union of Pensioners (First Bank Unit), have accused the bank's management of "exploitative" treatment and demanded immediate increases to their pensions and medical allowances.

They held a protest in front of the corporate headquarters of the bank in Marina, Lagos, on Wednesday.

In a press statement they shared with PREMIUM TIMES on Wednesday, John Gimbason, National Chairman of the union, said retirees are currently receiving a monthly pension of N15,000 and an annual medical allowance of N30,000, amounts he described as "far below the monthly dog allowance of a director" and unchanged for over two decades.

Mr Gimbason said repeated attempts by the pensioners to engage the ...