Pensioner Bondholders Forum to resume picketing at Finance Ministry today

Members of the Pensioner Bondholders Forum will today resume picketing at the Finance Ministry following the failure of the government to pay their matured coupons and principals.

According to the group, the Finance Ministry is yet to pay matured coupons on their May 15th and subsequent maturities.

Members of the Forum suspended the picketing on May 12 after it had a meeting with the Finance Ministry to have all outstanding coupons paid.

However, after weeks of waiting to engage with the Finance Ministry to draw a payment roadmap, the Pensioner Bondholders say nothing has been heard.

Members of the Forum on Wednesday, May 24 warned that they will not listen to any more promises should they resume picketing after the government reneged on several promises made to pay all outstanding matured coupons.

The decision to resume the picketing comes after the government failed to respond to letters written to the Finance Ministry demanding tangible payment timelines.