Fed Govt Owes Over N90bn Pension Liability To Defunct Agencies   The federal government is currently indebted to the staff of defunct agencies to the tune of N90billion as pension arrears. This was disclosed by the Director, Customs, Immigration and Pensions Department of the Pension Transitional Arrangement...

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 Gets £26.5m Repatriated Pension Funds From UK       The Pension Transitional Arrangement Directorate on Tuesday announced that it had received the sum of £26,505,862.97 repatriated from the United Kingdom. It said the pension funds had hitherto been under investment with Crown Agents Investment Management Limited in 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...

Senate Summons AIICO, NICON, Others Over N17.4bn Pension Remittances The Senate Public Accounts Committee has summoned the management of the NICON Insurance Plc, AIICO Insurance and other insurance companies over their alleged failure to remit N17.4bn pension fund to the Pension Transitional Arrangement Directorate. The...

PTAD Defers Removal Of 23,089 Pensioners From Govt Pay Roll       The Pension Transitional Arrangement Directorate (PTAD) has deferred the removal of 23,089 unverified parastatals pensioners to next month following an appeal by the Nigeria Union of Pensioners (NUP). NUP’s General-Secretary Elder Actor Zal confirmed this in...