Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Bitcoin Tops $77k as Morgan Stanley Boosts Holdings

    August 21, 2026

    Crude Oil Prices Decline Amidst Supply Risk Concern

    August 21, 2026

    Nigeria Discovers Another Fake Agency, Tinubu Suspends Perm Secs

    August 21, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Bitcoin Tops $77k as Morgan Stanley Boosts Holdings
    • Crude Oil Prices Decline Amidst Supply Risk Concern
    • Nigeria Discovers Another Fake Agency, Tinubu Suspends Perm Secs
    • Cardano Gains 11% on ETF Inflows, SecondFi Launches Migration Tool
    • Investors Lose N443bn as Stock Market Downturn Enters 9Days
    • XRP Price Hits $1.40, Posting 40% Gain in 5 Days
    • FG, PSML Sign $1.3bn deal to Revive Delta Steel Coy
    • Global Markets Indices Drop as Investors Rotate Positions
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Saturday, August 22
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Pension Directorate Pays N6.2Bn, Clears 16,210 Pensioners Arrears

    Pension Directorate Pays N6.2Bn, Clears 16,210 Pensioners Arrears

    Marketforces AfricaBy Marketforces AfricaMarch 16, 2021Updated:October 11, 2025 News No Comments3 Mins Read
    Pension Directorate Pays N6.2Bn, Clears 16,210 Pensioners Arrears
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Pension Directorate Pays N6.2Bn, Clears 16,210 Pensioners Arrears

    The Pension Transitional Arrangement Directorate (PTAD), on Tuesday, announced it had N6.2 billion, clearing the pension arrears of 16,210 pensioners, according to a statement by Mr Gbenga Ajayi, PTAD’s Head of Corporate Communications.

    Ajayi, who issued the statement in Abuja, on behalf of Dr Chioma Ejikeme, the Executive Secretary of PTAD,  said that the directorate had initiated a project which reviewed, computed and recomputed to pay the money to the beneficiaries.

    The statement added that the directorate had embarked on an expanded re-validation and re-computation exercise in a bid to clear all pensions arrears, resolve all complaints of short payments, outstanding gratuities for the Civil Service Pensioners and their Next of Kin (NoK).

    “This is in fulfilment of the promise made by the Ejikeme at the directorate’s press conference in September 2020, where she declared a state of emergency on the payment of outstanding entitlements to pensioners and set-up an expanded project team to ramp up on the computation of benefits for all verified Civil Service Pensioners.”

    According to the Executive Secretary, the project was targeted at reducing the number of complaints received by the directorate on short payments, qualified pensioners not on payroll and other outstanding benefits to the pensioners and the NoK of deceased pensioners.

    “During the exercise in September 2020 – March 2021 a total of 46,284 pensioners’ files were reviewed for end-to end quality assurance.

    “A total sum of N6.2 billion naira has been paid as arrears of gratuity, monthly payments and one-off payments to 16,210 Pensioners/Nok that are qualified for the payment after the computation.

    “Over 1,000 qualified pensioners not on payroll, post verification, have been put on the payroll and their arrears paid”,  Ejikeme said.

    Federal Government Redeems $US500 Million Eurobond

    She said that the key aspect of the project geared towards continuous resolution of complaints had ensured that pensioners with outstanding documents e.g., bank statements, BVN and other required documents were contacted to resolve their complaints effectively.

    Also, calls were put across to the affected pensioners, letters were also written requesting them to forward documents to the directorate for the resolution of their complaints, she added.

    Ejikeme assured that by the end of the second quarter of 2021, all issues relating to short payments, gratuity and other forms of arrears for civil service pensioners would be settled, and also assured that pensioners’ welfare and wellbeing remained of utmost priority to her.

    Pension Directorate Pays N6.2Bn, Clears 16,210 Pensioners Arrears

    The Pension Transitional Arrangement Directorate
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    Bitcoin Tops $77k as Morgan Stanley Boosts Holdings

    Crude Oil Prices Decline Amidst Supply Risk Concern

    Nigeria Discovers Another Fake Agency, Tinubu Suspends Perm Secs

    Cardano Gains 11% on ETF Inflows, SecondFi Launches Migration Tool

    Investors Lose N443bn as Stock Market Downturn Enters 9Days

    XRP Price Hits $1.40, Posting 40% Gain in 5 Days

    Add A Comment

    Comments are closed.

    Editors Picks

    Bitcoin Tops $77k as Morgan Stanley Boosts Holdings

    August 21, 2026

    Crude Oil Prices Decline Amidst Supply Risk Concern

    August 21, 2026

    Nigeria Discovers Another Fake Agency, Tinubu Suspends Perm Secs

    August 21, 2026

    Cardano Gains 11% on ETF Inflows, SecondFi Launches Migration Tool

    August 21, 2026

    Investors Lose N443bn as Stock Market Downturn Enters 9Days

    August 21, 2026
    Latest Posts

    Bitcoin Tops $77k as Morgan Stanley Boosts Holdings

    August 21, 2026

    Crude Oil Prices Decline Amidst Supply Risk Concern

    August 21, 2026

    Nigeria Discovers Another Fake Agency, Tinubu Suspends Perm Secs

    August 21, 2026

    Cardano Gains 11% on ETF Inflows, SecondFi Launches Migration Tool

    August 21, 2026

    Investors Lose N443bn as Stock Market Downturn Enters 9Days

    August 21, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.