Home Business Pension PTAD Disburses N5.12bm In Pension Arrears To 90,689 DBS Pensioners
Pension

PTAD Disburses N5.12bm In Pension Arrears To 90,689 DBS Pensioners

Share
Share

keeping with its assurance to clear outstanding pension liabilities as funds are disbursed by the Federal Government, the Pension Transitional Arrangement Directorate (PTAD) has finalized the disbursement of Five Billion, One Hundred and Nineteen Million, Three Hundred and Twenty-Eight Thousand Naira Only (₦5,119,328,000) to 90,689 pensioners across the four pension departments, reaffirming its continued dedication and unwavering commitment to pensioners welfare.

The breakdown of the payment is as follows:

Department Pensioners Months Paid Amount (₦)

CIPPD             8,626           1 month 276,032,000.00

PPD                     9,681           2 months 619,584,000.00

CSPD             12,773           1 month 408,736,000.00

PAPD             59,609           2 months 3,814,976,000.00

Total             90,689                       ₦5,119,328,000.00

This payment according to PTAD reaffirms the administration’s ongoing commitment to ensuring that pensioners receive their due entitlements in line with the Renewed Hope Agenda of His Excellency, President Bola Ahmed Tinubu, GCFR.

Share
Related Articles

PenOp Elects Donald Onuoha as President, Unveils New Executive

BY NKECHI NAECHE-ESEZOBOR—The Pension Fund Operators Association of Nigeria (PenOp) has announced...

PenOp Confirms Appointment Of Anthonia Ifeanyi-Okoro as CEO

BY NKECHI NAECHE-ESEZOBOR—The Pension Fund Operators Association of Nigeria (PenOp) has confirmed...

Pension Fund Returns Outpace Inflation in March 2026 — PenCom

BY NKECHI NAECHE-ESEZOBOR—The National Pension Commission (PenCom) has announced that pension fund...

TUC Backs PenCom’s Pension Revolution 2.0, Says Workers can now Retire with Dignity

From right: Director-General, National Pension Commission (PenCom), Omolola Oloworaran and President of...