The Federal Government, through the Pension Transitional Arrangement Directorate (PTAD), has cleared over N39.6 billion in long-standing pension arrears, settling inherited liabilities for 24,814 eligible retirees under the Defined Benefit Scheme (DBS). According to a statement released on Friday, signed by Olugbenga Ajayi, Head, Corporate Communications, PTAD, the payment fulfils President Bola Ahmed Tinubu's commitment …
FCMB Pensions Limited has announced that it has disbursed over N200 billion to Retirement Savings Account (RSA) holders, while its Assets Under Management (AUM) have surpassed the N1 trillion mark. Speaking to journalists on Monday during a sensitisation walk marking the 20th anniversary of the Pension Fund Administrator (PFA), the Managing Director/Chief Executive Officer of …
By Esther Ososanya The Pension Transitional Arrangement Directorate (PTAD) has disbursed ₦5,119,328,000 in outstanding pension arrears to 90,689 pensioners across its four pension departments. The payment aligns with PTAD’s mandate to clear liabilities and ensure timely settlement of entitlements. A statement issued Monday by Olugbenga Ajayi, Head of PTAD’s Corporate Communications Unit, revealed the payment …
