Pensioners; 776 NOKs Receives ₦1.6bn Says PTAD

Oluwakemi Kindness

The Pension Transitional Arrangement Directorate (PTAD) has disbursed One Billion, Six Hundred and Forty-Four Million, Three Hundred and Fifty-Eight Thousand, Two Hundred and Ninety-Nine Naira, Seventy Kobo to Next of Kin of deceased pensioners.

The over one point six billion naira was paid to 776 verified and eligible Next of Kin (NOK) of deceased pensioners from the Civil Service, Police, Parastatals, Customs, Immigration, and Prisons Pension Departments.

A statement on Wednesday by the Head, Corporate Communications, PTAD, Olugbenga Ajayi, said 629 Next of Kin under the Parastatals Pension Department received ₦1,481,839,122.97 while 103 Next of Kin from the Civil Service Pension Department were paid ₦101,138,214.08.

Others are 43 Next of Kin of Police Pensioners who received ₦58,949,082.97 and 1 Next of Kin under the Customs, Immigration, and Prisons Pension Department who got ₦2,431,879.68.

According to PTAD’s Executive Secretary, Tolulope Odunaiya, the payment underscores the Directorate’s commitment to settling the entitlements of deceased pensioners, subject to fund availability.

She emphasized that PTAD is working diligently to clear the backlog of pension liabilities, and this disbursement is a significant step in that direction.

She further highlighted that paying death benefits to NOK is a crucial part of PTAD’s mandate, as it provides financial relief to families who have lost their loved ones.

This payment is expected to bring comfort to the beneficiaries, and PTAD is proud to have played a role in positively impacting their lives.

Reaffirming PTAD’s dedication to pensioners and their families, Odunaiya assured that the Directorate remains committed to delivering efficient and timely pension payments.

She reiterated that PTAD will continue its efforts to ensure that all pensioners and next of Kin receive their rightful entitlements in line with President Bola Ahmed Tinubu’s Renewed Hope Agenda.