The week-long exercise, being conducted by the Pension Transitional Arrangement Directorate (PTAD), started on Monday and has recorded high turnout of pensioners or their next of kin. Barr Ikeazor disclosed that after the verification exercise might have ended, the pensioners would receive alerts of payment directly from the Central Bank of Nigeria (CBN). In the next four to five months, we are assuring the pensioners that they will get paid,” she reiterated. We have paid six months for the civil service commission, six months arrears for the service mentioned, for the police, we paid 12 months and they have all received the monies,” she noted. It consists of four pension departments, namely: Departments of Civil Service Pension Department, Police Pension, Customs, Immigration and Prisons Pension and Treasury Funded Parastatals & Universities.

Source: Nigerian Tribune November 23, 2017 16:10 UTC