16,210 Pensioners Has Received N6.2bn In Arread – FG

Federal government says, it has disbursed a sum of N6.2bn in arresrs to 16, 210 pensioners under it. The Pension Transitional Arrangement Directorate, PTAD, in charge of the administration of pensions of federal retirees under the Defined Benefits Scheme, confirmed the payment to the pensioners. This was contained in a statement entitled ‘PTAD clears pension […]

Tinubu Reacts To Plans By Sanwo-Olu To Halt Pension

Former Lagos State Governor Bola Tinubu has described the move by the incumbent Governor Babajide Sanwo-Olu to repeal the Public Office Holder (Payment of Pension Law 2007) as “bold and courageous”. The law provides for payment of pension and other entitlements to former governors and their deputies. Sanwo-Olu told the State House of Assembly of […]

N96bn Paid To Pensioners In One Year – PTAD

The Pension Transitional Arrangement Directorate (PTAD) has revealed that it paid the sum of N96 billion to pensioners between July last year and August 2020. 244,643 pensioners received N77 billion under the old Defined Benefit Pension Schemes, while 87,842 pensioners were paid arrears and gratuities of over N19billion. Executive Secretary of PTAD, Dr. Chioma Ejikeme, […]