Pension directorate disburses N610bn in 6 years

Spread the love

The Pension Transitional Arrangement Directorate (PTAD) said it has doled out over N610 billion in monthly pension payments to senior citizens between January 2015 to December 2021.

This is in addition to repatriating £26.5 million from Crown Agents Investment Managers Limited of the United Kingdom, being part of the leftover money used to pay British colonial officers who served in Nigeria.

It equally got hold of other legacy pension assets valued at N17.85 billion from Boards of Trustees and Underwriters of Treasury Funded Federal Parastatals.

PTAD Executive Secretary, Dr Chioma Ejikeme, made the disclosure while featuring on the Ministerial Media Briefing organized by the Presidential Communications Team at the Presidential Villa, Abuja on Thursday.

According to her, the recovered funds were used to defray the inherited arrears of defunct agencies and to pay off inherited outstanding pension arrears.

“Through the unwavering support of President Muhammadu Buhari who has been adjudged by pensioners as the most pensioner-friendly President in Nigeria, and administration which has made pension an unwritten first-line charge.

“Now, there is regular monthly payment of pension without fail since inception as and when due.

“Payments of long outstanding arrears to pensioners across all the pension departments, most significantly the huge arrears inherited from the defunct/privatized agencies.

“Regular engagements with pensioners and other stakeholders across all the six geo-political zones, to update pensioners on activities of the directorate,” Dr Ejikeme noted.

Related Posts
Photos: Obedient one million movement in Onitsha Anambra
Onitsha-Rally

It is no longer news on how Nigerians are showing how diligent they are towards Labour Party Presidential Candidate Peter Read more

Nigeria President must know how to fly jet – Malik

The presidential candidate of YPP, Malik Ado Ibrahim, has disclosed that Peter Obi's team approached him and urged him

Aisha Yesufu blames Peter Obi for apologizing over every complain
Obi-Datti

A few hours ago, a well known Nigerian human right activist, Aisha Yesufu while sharing on her official Twitter page has reacted to

Fayose reveals his reasons for making choice between Wike and Atiku
Fayose

Speaking on Friday, Fayose declared that opposite to what many believe, Wike is not out to break the PDP however Read more


Spread the love