INVESTIGATIONS into the operational expenses of the Executive Secretary/Director- General, Pension Transition Arrangement Directorate (PTAD), Mrs Nellie Mayshak, and three other directors of the directorate have been concluded.
The Special Adviser, Media, to the Minister of Finance, Mr Festus Akanbi, confirmed that the casefile has been sent to the Economic and Financial Crimes Commission (EFCC) for further action.
He emphasised that the investigation did not relate to pensioners’ fund but was zeroed on the operational expenses of PTAD.
Recall that Mayshak and three directors were suspended recently by the Minister of Finance, Mrs Kemi Adeosun, over some operational expenses of the directorate.
According to Akanbi, it is normal with the civil service procedure to allow the DG to proceed on indefinite suspension pending when the investigation on the matter is concluded.
But Mayshak has denied the allegation saying that against media reports, the details on the issues relating to the suspension were not made available to the management.
The management, in a statement signed by the Director, Corporate Services, Atiku Saleh, assured pensioners that the development would not affect their payments and services noting that a director from the Office of the Accountant General of the Federation has been appointed to take her place.
“The Executive Secretary/ Director General of The Pension Transitional Arrangement Directorate (PTAD), Mrs. Nellie Mayshak, has been placed on suspension by the Minister of Finance, Mrs. Kemi Adeosun. A Director from the Office of the Accountant-General of the Federation has been appointed as acting Executive Secretary/ Director General.
Though media reports allege that the suspension was as a result of scam running into billions of naira, the general public should please be informed that the details on the issues relating to the suspension are yet to be made available.
PTAD wishes to assure pensioners that this development will not affect pension payments and services” the statement, said.
PTAD was set up to take care of workers that retired on or before June 30, 2007, under the pay-as-you go system. Those captured in this system include, the police, customs, immigration, civil servants, para-military and other parastatals.
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