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.


E-payment saves Cross River millions in pensions

28 November 2013, 15:05

Abuja - Cross River State Pensions Board said it saved N26 million between last year and second quarter of 2013 following the introduction of an electronic payment system.

John Adie, Director of the State Pensions Board said the board saved the sum of N17 million in 2012 while N9 million was recovered in payments made in the first and second quarters of the current year.

The board introduced the new payment system in 2012.

“In the past, our staff would have to travel to all parts of the state to deposit checks in banks for subsequent crediting of each pensioners account but in 2012 we came up with the idea of paying the pensioners electronically through their banks here in Calabar,” Adie said.

According to him, it was discovered that some pensioners had multiple accounts through which pension money was deposited.

The process of e-payment, he said, therefore led to the recovery of “huge” sums of money.

“We kept releasing monies to those accounts for three months and when nobody came forward to make any claims, we knew that those accounts were phony so we had to stop releasing money to them and went ahead to recoup the monies in the banks which gave us the figure we had as recovered funds,” said Adie.

– CAJ News


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

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...