PTAD Pays N846.1m Accrued Arrears, Gratuity to 2,730 Pensioners

The Pension Transitional Arrangement Directorate (PTAD) has paid the sum of N846,146,987.71(Eight Hundred and Forty-Six Million, One Hundred and Forty-Six Thousand, Nine Hindered and Eighty-Seven Naira, Seventy-One Kobo) to 2,730 pensioners of the Civil service Pension Department of an accrued arrears and gratuity owned the pensioners.

The arrears paid to these retirees ranged from previously verified pensioners not on the payroll, those who did not receive their gratuity on retirement and failed payments on the GIFMIS platform.

In his remark, the Ag. Executive Secretary, Pension Transitional Arrangement Directorate (PTAD), Mr. Sulayman Shelleng, said the payment is going to be continued until all accrued arrears are paid. He assured other pensioners who are yet to receive their arrears to be calm as the Directorate is working tirelessly to ensure that all outstanding arrears of pensions and gratuity are paid soon.

He further assured DBS pensioners of the Directorate’s continued strive to ensure that their welfare is promoted.

Hot this week

Africa’s Green Transition Hinges on Energy Access, Jobs, Investment

L - R: Epa Ogie Eboigbe, Publisher, Epa.com, and...

Face of Independence Nigeria 2026 Crowns Edidiong Udoidua as Overall Winner

The Convener/Founder of Face of Independence Nigeria, Barrister Mrs....

Still More to Live: AIICO Sustains Retirement Income for 28,000 Retirees

At its 2026 Annuitants Forum, AIICO Insurance Plc reaffirmed...

Fidelity Bank Targets Growth for SMEs at Abuja Business Forum

Fidelity Bank Plc will conclude its 2026 Quarterly Business...

NEM Group Chairman, Tope Smart, to KEYNOTE Business Journal Insurance & Pension Roundtable 2026

Mr. Tope Smart, Group Chairman, NEM Insurance Group will...

Topics

NAICOM Targets Technology to Drive Access to Insurance

KEYNOTE ADDRESS BY THE COMMISSIONER FOR INSURANCE, MR. OLORUNDARE...

Tinubu Commends NNPCL over the Re-opening of Warri Refinery

President Bola Tinubu has expressed his profound joy at...

Sub-Saharan Africa Sees International Debt Stock Reach $402.8bn 2014

At the end of 2014, the international debt of...

Interswitch Trains 10, 000 Experts to Drive Digital Economy in Nigeria

The Interswitch Group has provided cutting-edge digital training to...

MTN: ‘N50bn to FG is Part Payment on N780bn Fine’

MTN Nigeria says the N50 billion it paid to...

NNPC Denies Allegation of Economic Sabotage in Nigeria

GCEO, NNPC Limited, Mr. Mele Kyari flanked (from his...

The Founder Effect: How Long-Term Industrial Builders Create Enduring Shareholder Value

    By DAVID OPUTAH Capital markets have an interesting way of...