£26.5m Colonial Pension Fund Repatriated Has Been Used To Pay Pensioners – PTAD

 

The Pension Transitional Arrangement Directorate (PTAD) has announced that it has received 26.5 million pounds from the United Kingdom, an amount which was left over of the money used to pay British colonial officers who worked in Nigeria.

The Executive Secretary of PTAD, Dr Chioma Ejikeme, disclosed this today during the 58th Ministerial briefing at the state house.

The PTAD chief stated that the amount recovered was used to clear outstanding arrears to pensioners across all the pension departments, particularly the huge arrears inherited from the defunct and privatized agencies.


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Also recovered as legacy pension assets by the directorate is the sum of 17.85 billion naira from Boards of Trustees and Underwriters of Treasury Funded Federal Parastatals.

The PTAD boss further revealed that the directorate has paid over 610 billion naira from January 2015 to December 2021 in monthly pensions, noting that that it had achieved 90 percent of its mandate.

The PTAD boss also stated that the pension agency will pursue the implementation of a five yearly pension review in 2024.

Dr Ejikeme also disclosed that the 1999 Nigeria Constitution, as amended had provided for the five yearly review, as the last review was carried out in 2019.

She equally noted that the review was in line with the current economic realities, added that the agency will pursue the implementation of the Constitutional provision of five yearly pension increment.

Technological Glitches Responsible For Non-Payment Of Pension – PTAD

 

The Pension Transitional Arrangement Directorate (PTAD) on Thursday said technological glitches are responsible for the non-payment of pension to retired federal civil servants in Lagos.

Executive Secretary of PTAD, Dr Chioma Ejikeme, speaking on Channels Television’s Sunrise Daily said her agency was working on resolving the delayed payments.

A Lagos state secretary of the National Union of Pensioners, Abiodun Michael, had lamented that some pensioners were being owed up to nine months.

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“Most of these people, their money go into medicals,” he said. “They are dying everyday. In a week, you will get four to five obituaries.”

But Dr Ejikeme was insistent that it wasn’t the fault of PTAD, but the Office of the Accountant-General of the Federation.

‘Pockets of complaints’

“We send for reports from GIFMIS (Government Integrated Financial Management Information System) to get the payments that have been made,” Dr Ejikeme said on Thursday. “Sometimes it takes a week, sometimes more.

“So we have that lag in communication as to whether the payments we made failed or not. And when we have such a situation, when the pensioner complains, we ask them to send us their statement of accounts, so that we can confirm that that payment didn’t go through.

“If he (Abiodun Michael) says 18,000 pensioners have not been paid, it means that PTAD has a bias for Lagos state pensioners. Why is it that the other pensioners from other states all over the federation are not making the same complaints?

Executive Secretary of the Pension Transitional Arrangement Directorate, Dr Chioma Ejikeme, appeared on Channels Television's Sunrise Daily on June 16, 2022.
Executive Secretary of the Pension Transitional Arrangement Directorate, Dr Chioma Ejikeme, appeared on Channels Television’s Sunrise Daily on June 16, 2022.

 

“These are pockets of complaints and we are addressing them. This is a system, it’s technology, there’s nothing we can do about it.

“I have apologised to the pensioners about the three month arrears. We try to explain technology to our pensioners, but they don’t seem to understand.

“We are very happy to have EFCC and ICPC come look into what we are doing.

“It is not within our domain. It is within the domain of the GIFMIS platform. It is within the domain of the technology that is domiciled within the Office of the Accountant-General of the Federation.”

FG Begins Verification Of Pensioners In Nigeria And Diaspora

Pensioners, Nigeria, DiasporaThe Federal Government has commenced the verification of pensioners in the diaspora and its database of retirees in Nigeria.

The Executive Secretary of the Pension Transitional Arrangement Directorate (PTAD), Mrs Sharon Ikeazor, made the disclosure on Tuesday during an interview with reporters in Abuja, the Federal Capital Territory.

Mrs Ikeazor gave the hint after meeting with the Senior Special Assistant to the President on Foreign Affairs and the Diaspora, Abike Dabiri-Erewa.

She explained that the diaspora verification exercise was an initiative of the government to ensure that every Nigerian including those living abroad received their entitlements.

The PTAD boss revealed that 15,600 pensioners have been dropped from the payroll owing to lack of proper identification.

She said the new system had saved the government millions of Naira, adding that the government was devising means to rid the pension system of fraud.