Home Pension Over N610bn Disbursed By Pension Directorate In 6 Years

Over N610bn Disbursed By Pension Directorate In 6 Years

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, disclosed this while featuring on the Ministerial Media Briefing organized by the Presidential Communications Team at the Presidential Villa, Abuja on Thursday.

She said, 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.

Hence,there is 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.

For Publication of your news content, essays, tapes, or any other newsworthy materials, please send them to cdanews9@gmail.com
For more inquiries and Advert, please call or WhatsApp. +234-805-410-9484.
Follow us on Twitter @anewsreporters
Visit our website,
www. cdanewsonline.com

Chinweuba Anyaragbuhttps://cdanewsonline.com
BEST SELLING BLOG THEME OF ALL TIMES. Follow us for more breaking news . Share,, like and Comment on our contents


Please enter your comment!
Please enter your name here

Most Popular


The former Commissioner for Commerce, Industries, Science and Technology in Abia State, Chief Stanley Ojigbo has saluted Governor Okezie Ikpeazu for finishing strong...

Ikpeazu dissolves Abia executive council

Governor Okezie Ikpeazu haa formally dissolved the State Executive Council. The Governor announced the formal dissolution after presiding over the last session of the Council...

Amb.Chinweuba Anyaragbu Salute Children on International Children’s Day celebration.

The Chairman National Youth Council of Nigeria, Ikwuano chapter Amb. Chinweuba Anyaragbu celebrates with Children on their special day mapped out by the United...

Special commentary on Gov. Dr. Okezie Ikpeazu

The Holy Scriptures contains one of the eternal truths of all ages:There is time for every purpose under the sun. A time to work,...

Recent Comments