Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


MyNews24 is a user-generated section of News24 Nigeria. The stories here come from users.

Latest Badges:

View all Samson Chinedu Nwafor's badges.

Pension scam: Nigeria's PTAD recovers N100m for FG monthly

03 December 2015, 10:26 Daniel Akpu

The Pension Transitional Arrangement Directorate (PTAD) claims it saves the Federal Government from losing over N100 million monthly to pension scams.

Nellie Mayshak, the Director General of PTAD, disclosed this during the verification exercise of Civil Service Pensioners in Abakaliki. He explained that the objective of the verification exercise was to establish a credible, authentic and digitalized database for pensioners under the Defined Benefit Scheme (DBS) and to eliminate over-payment, as well as fish out ghost workers.

He said the verification is also aimed at regularizing anomalies such as over payments as well as under payments of salaries to pensioners witnessed across the country. According to him, PTAD is a Directorate under the Federal Ministry of Finance established in August 2013 in compliance with the provisions of section 30 sub-section2 (a) of the Pension Reform Act of 2004 and as restated in section 42(1) of the amended act of 2014 to manage the old pension scheme.

He said, "with the successful completion of the nationwide biometric verification of Police, Customs, Immigration and Prison Pensioners, PTAD was able to Identify and remove over 3,000 bogus names from the payroll. This has in effect saved the Federal Government about N100 Million monthly in fraudulent pension payments.

"We are able to restore monthly pension payments to genuine pensioners previously removed from the payroll, including 750 Pensioners (made up of 529 regular police retirees and 221 Next of Kins (NOKs) who had never been paid any pension or gratuity, some for over 10 years after retirement."

Nellie stated the preparedness of the agency to bring sanity in the payment of pension to pensioners noting that pensioners who were not receiving their pensions prior to the establishment of PTAD now being paid.

- MyNews24

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...