FG’s Spending On Pension, Gratuity Drops To N356bn - CBN   The Federal Government’s expenditure on pension and gratuity fell slightly by N3.48bn in 2021, according to figures obtained from the Central Bank of Nigeria (CBN). The CBN revealed in its data on ‘Federal Government recurrent expenditure’...

Pensioners Receive N17bn Unfunded Liabilities 30 Years After   The federal government has paid over N17 billion unfunded liabilities to pensioners after 30 years. The payment is a significant part of the outstanding pension liabilities owed to pensioners of defunct agencies on Pension Transitional Arrangement Directorate (PTAD)...

PTAD Pays N7bn As Pension Gratuities In Two Years   The Executive Secretary, Pension Transitional Arrangement Directorate (PTAD), Dr Chioma Ejikeme, has said that over N7 billion has been paid as pension gratuities in the last two years. Dr Chioma revealed this at the weekend at the...

PTAD Owes Parastatal Pensioners N150bn       The Pension Transitional Arrangement Department (PTAD) has a liability of over N150 billion to pay pensioners who retired from parastatals of government. Its Executive Secretary, Dr. Chioma Ejikeme made this known in an interview. She, however, said the liability was being cleared...

Fed Govt Clears N6.2bn Arrears Of 16,210 Pensioners       The Pension Transitional Arrangement Directorate in charge of the administration of pensions of federal retirees under the Defined Benefits Scheme said it paid N6.2bn arrears to 16,210 pensioners. It disclosed this in a statement on Tuesday titled ‘PTAD...

PTAD Verifies Over 8,000 Pensioners In N/West   Over 8,000 retired federal workers have completed their verification at the ongoing Parastatal Pensioner Verification for pensioners and next of kin under the Defined Benefit Scheme in the North-West zone of the country. The North-West centre comprises seven states,...