PTAD
PTAD: Implementation of pension adjustment in progress
Dr Chioma Ejikeme, Executive Secretary of Pension Transitional Arrangement Directorate (PTAD), says implementation of the pension adjustment is in progress. Ejikeme in a statement on Thursday in Abuja through Mr Gbenga Ajayi, PTAD’s Head of Corporate Communications, noted that the implementation was most likely to commence at the end of April, going by the submissions that had been made by all stakeholders. “Ejikeme held a meeting with the National Executives of the Nigeria Union of Pensioners (NUP) led by Dr Abel Afolayan on March 16, where the issue of the implementation of the pension adjustment was openly discussed. “The union gave their understanding at the meeting, the executive secretary told the union that the implementation is most likely to commence at the end of April, going by ...
Senate summons insurance firms over failure to remit N17.4 billion pension fund
The Senate Public Accounts Committee, on Monday, summoned NICON Insurance Plc, AIICO Insurance and other insurance companies over alleged failure to remit N17.4 billion fund to Pension Transitional Arrangement Directorate (PTAD). The Executive Secretary of PTAD, Dr Chioma Ejikeme, had told the panel that PTAD took over the assets and liabilities of defunct pension offices without a formal handing over. She said, “On taking over, the Directorate wrote all underwriters to make returns and remit whatever amount is in their custody into a CBN dedicated account. Some of the underwriters responded to the request while some did not. “The bank certificate of balances, accounting statements, 3 years financial statements and policy files requested by the Federal Auditor were not handed over to PTAD ...
