TIG Post

Tag: pensioner

  • NAM1 wouldn’t even treat us this way – Pensioner blasts govt over delayed bond payment

    NAM1 wouldn’t even treat us this way – Pensioner blasts govt over delayed bond payment

    A male pensioner believed to be a retired police officer has lambasted the Ministry of Finance over the delay to pay pensioners whose government bonds have matured.

    Although the government has started settling its debt, it is yet to pay all pensioners their monies.

    The aggrieved pensioner who joined many picket at the Finance Ministry this week accused the government of being sly, noting that the ministry keeps cajoling and hiding the current state of matters.

    He noted that it is unacceptable that government trivializes their concern.

    “That period our money was with them was just a waste. They should try and give us the capital. Some of us are ready to take our capital. They cant be ‘fanfooling’ us like this. What they are doing.

    According to him, pensioners would not be treated this badly should their funds have been in the possession of Nana Appiah Mensah popularly known as NAM1, and not government.

    “It is worse than NAM 1 issue. NAM 1 is an individual company or entity but you, the whole government, you’d be tricking pensioners like this,” he bemoaned.

    The businessman is accused of operating a Ponzi scheme that caused many Ghanaians to lose their investments made into his gold dealership firm, MenzGold. 

    Menzgold Ghana Limited which promised customers an average of 7–10 percent monthly returns on investments was subsequently shut down in September 2018 by the Ghana Securities and Exchange Commission.

  • Pensioner describes delayed payment of bonds by govt as robbery

    Pensioner describes delayed payment of bonds by govt as robbery

    A protesting pensioner bondholder has likened government to a robber over the delayed payment in outstanding bonds that has left many aged worried.

    According to him, the situation where pensioners are having to picket for their monies is akin to the government taking arms and attacking them.

    “In fact, it is more or less a robbery. There is no difference between people with arms and attacking individuals to take their money away. There is no difference between (that and) what the government is doing,” he told Accra-based TV3 on Monday, May 8, 2023.

    He was part of pensioners who restarted their picket at the premises of the Ministry of Finance in Accra demanding that the state honours their matured bonds and interests as agreed.

    Pensioners stiffly refused to be added to government’s Domestic Debt Exchange Programme (DDEP) earlier this year and were exempted after dogged protests.

    Government has, however, failed to pay their matured bonds as agreed forcing them to return to picketing.

    Most of them are concerned about the non-payment because they emphasize the importance of such funds to their lives in retirement. The issue of taking care of their health is a major reason they are calling on government to honour her financial obligations to them.

  • A driver’s vehicle seized after 50 years of unlicensed driving

    A driver’s vehicle seized after 50 years of unlicensed driving

    A pensioner’s luck has finally ran out after it was revealed that he had been driving without a license for 50 years when his automobile was stopped.

    On Saturday, May 6, Derbyshire Police road policing officers stopped the vehicle for a number of offenses.

    They then learned that the 69-year-old driver had never passed his test or received a license, meaning he had been operating a vehicle unlawfully for fifty years.

    He had been deceiving auto insurance companies into believing he had a license the entire time, and it appears that he had been bragging about his elaborate scheme, which ultimately brought him to justice.

    A statement from the unit shared on Twitter said: ‘The driver of this vehicle has never passed a test despite being 69 years old and having been driving for over 50 years.

    ‘He has systematically provided details to insurance companies indicating that he had a licence but the flaw in his dastardly plan was bragging.

    ‘His long reign came to an abrupt end once we found out. Vehicle seized and driver reported for numerous offences.’

    Paul Farley, of the Motor Insurers’ Bureau, commented: ‘Finally, brought a totally unacceptable reign to an end.

    ‘The bit he was missing was had he been involved in a collision and we paid out on a claim, we would’ve come back to him for the total cost of that claim.’

    The statement has drawn mixed reactions, with some questioning how the driver managed to get away with it for 50 years.

    Steve said: ‘It’s not a good look for the system, he’s managed to carry out his entire life without being caught before, even in todays ANPR world he’s evaded the system for years. Sadly, this one may encourage other chancers as odds of being caught are low.’

    In contrast, Joe said: ‘Probably a far better driver than many road users, he’s avoided the police for 50 years… the UK would benefit from having more drivers like this on the road!’