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...

332,903 Pensioners Received N96bn In 14 Months – PTAD       A total of 332,903 pensioners and the next-of-kins of deceased pensioners were paid N96bn between July 2019 and August 2020, the Pension Transitional Arrangement Directorate said on Wednesday. PTAD’s Executive Secretary, Nnenna Ejikeme, said this during a...

NAHCO Ex-workers Insist On N1.13bn Severance, File Suit       Ex-workers of the Nigerian Aviation Handling Company (NAHCO) Plc, have said that the contentious N1.13 billion pending at the Pension Transitional Arrangement Directorate (PTAD), remains their severance benefits and not NAHCO’s refund. And to challenge NAHCO management’s request...

In Two Months, NAHCO Ex-workers Received N141m – PTAD     A total of 222 ex-workers of the Nigerian Aviation Handling Company Plc were paid N141.38m in four batches between June 19 and July 28, the Pension Transitional Arrangement Directorate has said. PTAD said this in response to...