FG suspends PTAD DG over claims of receiving N50m monthly salary and allowances
The Director General of the Pension Transition Arrangement
Directorate (PTAD), Nellie Mayshak, has been placed on indefinite
suspension and is being investigated after it was discovered that she
allegedly received N50 million monthly salary alongside other
allowances.
According to The Sun, the discovery was made
possible via the Bank Verification Number (BVN) which the CBN used to
trace the money being paid to her account every month.
According to the Finance minister’s Special Adviser on Media, Festus Akanbi,
“it is normal within civil service procedure to allow the DG to proceed on indefinite suspension pending when the investigation on the matter is concluded.”
PTAD was set up to take care of workers who retired on or
before June 30, 2007 under the pay-as-you-go system. Myashak is the
pioneer director general of the agency.
Those who are serviced by the agency include the police, customs,
immigration, civil servants, para-military and other parastatals.
It was established in August 2013 in compliance with
the provisions of section 30 sub-section (2) (a) of the Pension Reform
Act (PRA) of 2004 (amended in 2014) which stipulated the establishment
of an independent pension department for the public service of the
federation.
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