Tuesday, 1 December 2015
We’ve blocked fraud, saved Nigeria N100m monthly – Pension body
The Pension Transitional Arrangement Directorate on Tuesday said it saved
the Nigerian Government about N100 Million monthly in fraudulent pension
payments.
The director general of the directorate, Nellie Mayshak, made this known
during the Abakaliki leg of the ongoing nationwide verification exercise
of Civil Service Pensioners.
He said the objective of the verification exercises was to establish a
credible, authentic and digitalized database of pensioners under the
Defined Benefit Scheme.
He also explained that the aim was to eliminate duplicate payments and
fish-out ghost workers.
“PTAD is as a Directorate under the Federal Ministry of Finance
established in August 2013 in compliance with the provisions of section
30 sub-section (2) (a) of the Pension Reform Act of 2004 and as restated
in section 42(1) of the amended act of 2014 to manage the old pension
scheme (Defined Benefit Schemes –DBS) for pensioners who retired on or
before June 2007 and did not transit to the new contributory Scheme.
“With the successful completion of the nationwide biometric verification
of Police, Customs, Immigration and Prison Pensioners, PTAD was able to
Identify and remove over 3,000 bogus names from the payroll. This has in
effect saved the Federal Government about N100 Million monthly in
fraudulent pension payments.
“We are able to restore monthly pension payments to genuine pensioners
previously removed from the payroll, including 750 Pensioners (made up of
529 regular police retirees and 221 Next of Kin (NOKs) who had never been
paid any pension or gratuity, some for over 10 years after retirement,’’
he disclosed.
Mr. Mayshak said pensioners who were not receiving their pension prior to
the establishment of PTAD, can now be paid.

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