By Atoyebi Nike
The Federal Government has commenced payment of N5.12 billion in pension arrears to 90,689 retirees under the Defined Benefit Scheme, the Pension Transitional Arrangement Directorate (PTAD) has announced.
In a statement on Monday, PTAD’s Head of Corporate Communications, Olugbenga Ajayi, confirmed that the disbursement had been completed, covering pensioners across four departments.
According to the breakdown, 8,626 retirees from the Nigeria Customs Service, Nigeria Immigration Service, and Prisons Pension Department (CIPPD) received N276.03 million for one month’s arrears. The Police Pension Department paid 9,681 pensioners N619.58 million for two months.
For the Civil Service Pension Department, 12,773 pensioners got N408.73 million for one month’s arrears, while 59,609 beneficiaries from the Parastatals Pension Department were paid N3.81 billion for two months.
Ajayi noted that the move underscores the administration’s dedication to pensioners’ welfare, aligning with President Bola Tinubu’s Renewed Hope Agenda to ensure retirees receive their rightful entitlements promptly.
