THE Pension Transitional Arrangement Directorate (PTAD) has said it paid a total of N694.9m to 418 staffs pensioners between May 5 and August 13.
The emolument was paid through the PTAD Parastatals Pension Department (PaPD) who is saddled with the administration of pensions for 92,373 pensioners spread across 265 agencies and 148 pensioners union.
This was disclosed by a director at PTAD, Yusuf Umar, at a workshop for pension correspondents on Friday.
He said, “The beneficiaries of the N694.9m pension payment cut across the following agencies and sectors, Assurance Bank, Nigeria National Shipping Line, Aluminum Smelting Company of Nigeria, Delta Steel Company, New Nigeria Newspapers, Nigeria Aviation Handling Company, Education, Universities and the orgarnised private sectors.”
Umar also said the directorate owes over N90b pension liabilities to 265 defunct agencies, including the defunct Nigeria Telecommunications Limited who they owed N73b.
Other agencies, according to him, include Delta Steel Company (N7.9b), NICON Insurance (N4.9b), New Nigeria Newspaper (N2.9b), Nigeria Re-insurance Corporation (N1.1b), Nigeria National Shipping Line (N1.2b), Aluminum Smelter Company Limited and Nigeria Aviation Handling Company (N467m each), Defunct Assurance Bank (570m) and Federal Housing Authority N389m unfunded pension liability.
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