• Privacy Policy
  • Terms
  • About us
  • Contact Us
Monday, May 16, 2022
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Special News
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Special News
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

PTAD discovers 15,357 ghost pensioners

PTAD

The Matters Press by The Matters Press
March 4, 2022
Reading Time: 2 mins read
0
Free public transportation for retirees begins in Lagos

Pension Transitional Arrangement Directorate (PTAD) said in Lagos on Thursday that 15,357 ghost pensioners within Federal Government’s parastatal agencies were collecting pensions illegally.

RELATED POSTS

Osinbajo advocates African plan on energy transition

Buhari’s war against money laundering, financial crimes peaks

Stakeholders seek political will to revive textile sector

Mr Kabiru Yusuf, Director, Parastatals Pension Department, PTAD made the disclosure when he spoke on the side-line of a one-day training for newsmen covering pensions.

PTAD was established by the Federal Government in August 2013 in compliance with the provisions of the repealed Pension Reform Act (PRA) of 2004.

Its establishment was necessitated by the need to reform the old Pensions Offices under the Defined Benefit Scheme which was bedevilled by myriad problems.

Yusuf said while reviewing the number of pensioners on its payroll in the last quarter of 2020, it discovered that there were 120,000 of them prior to the call for verification.

ALSO READ  Farmers urge Nigeria to control rice price

He explained that following verification, the directorate discovered that 20,191 of these pensioners could not be found on the PTAD verification data base but were on the payroll.

“After a lot of due diligence, we decided to remove them from the payroll in the belief that if they were genuine pensioners, they would come out to present themselves.

“We established a robust complaint management system and notified the Pensions Commission, our regulator, the National Assembly and agencies where the pensioners claimed to have worked,’’ he said.

He said only 4,834 of the affected pensioners went through the process of the complaint management to present themselves for verification and they were restored on the payroll.

Yusuf said some other cases caused by errors were corrected and the affected persons were also restored to the payroll .

ALSO READ  NIMASA commits to development of maritime university

“Up till now, we have close to 16,000 pensioners unaccounted for and unless anyone comes out with valid identification, they are people who have been collecting pensions illegally,’’ he said.

The director said he could not readily name the amount of money the directorate was able to save from ending the illegality, but that in 2016, during the directorate’s initiative to validate BVN of pensioners, it saved up to N7 billion.

Yusuf noted that the initiative was geared towards bringing integrity and validity to the data base in place.

He said that verification was the only recognised basis for PTAD to ascertain that the pensioners it was responsible for were not only qualified but were alive.

The director said the verification would enable the pensioners to link their details to their bank accounts biometrics and thereafter compute their entitlements and pay them their monthly pensions, different from the inherited pension which had lots of errors in it.

ALSO READ  NGX gains N2bn amid profit taking

He expressed disappointment that PTAD only got an Excel list of pensioners’ names, amounts, bank names and account numbers when it took off in 2014.

“We started making payment on what was called ‘good faith ‘ at that time until when we were able to do verification,’’ he noted.

He told NAN also that PTAD had opened state offices and several social digital platforms manned by competent officers to bring its services closer to pensioners.

Earlier, Dr Chioma Ejike, Executive Secretary, PTAD, said the directorate had worked assiduously over the years to change the narrative of pension administration in Nigeria.

ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigeria emerges Africa biggest energy sector
Economy

Osinbajo advocates African plan on energy transition

May 13, 2022
Nigeria gets petroleum law to edge out 50 years archaic laws
News

Buhari’s war against money laundering, financial crimes peaks

May 13, 2022
25 textile clusters get a boost through SMEDAN
Economy

Stakeholders seek political will to revive textile sector

May 12, 2022
Nigeria floats $4bn Eurobonds
Economy

DMO lists N225bn FGN bond for subscription by auction

May 12, 2022
Price of bread to be reviewed upwards again
Economy

Cost of bread beyond reach of many Africans – AfDB

May 12, 2022
Buhari meets with governors of APC
News

Buhari gives resignation deadline to political office holders seeking to contest elections

May 11, 2022
Next Post
Dangote Cement commences Tranche II share buyback

Dangote Cement to pay tax charge of N173.93bn for 2021

Dangote Sugar declares N1 per share dividends

Dangote Sugar declares N1 per share dividends

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

Stakeholders commend NNPC for good performance

Buhari inaugurates NNPC Board, demands transparency

January 7, 2022
FMDQ’s turnover hits N24.03trn in September

FMDQ Group lists priorities for growth in 2022

February 2, 2022
Abba Kyari buried amidst outpouring

Abba Kyari buried amidst outpouring

April 18, 2020

Popular Stories

  • 79 candidates for presidential election

    INEC wants to make you rich, bid for new jobs

    0 shares
    Share 0 Tweet 0
  • Universities approved to operate distance learning centres

    0 shares
    Share 0 Tweet 0
  • IMF’s reasons for Nigeria’s economic recovery

    0 shares
    Share 0 Tweet 0
  • Missing fighter jet found dead

    0 shares
    Share 0 Tweet 0
  • PawaPlus launches app to make access to electricity easy

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Osinbajo advocates African plan on energy transition
  • Buhari’s war against money laundering, financial crimes peaks
  • Stakeholders seek political will to revive textile sector

Categories

  • Agriculture
  • Business
  • Culture
  • Economy
  • Economy
  • Entertainment
  • Features
  • Finance, Money
  • Foreign
  • Health
  • Lifestyle
  • Multimedia
  • News
  • Oil, Gas
  • Opinion
  • Photo
  • Politics
  • Politics/Social
  • Religion
  • Security
  • Special News
  • Sports
  • Tech
  • Thematterspress
  • Trade, Industry, Technology
  • Travel
  • Uncategorized
  • Video
  • World

© 2022 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Special News
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2022 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?