N29bn Out of Stolen Police Pension Fund Recovered, Returned To FG

The Pension Transition Administrative Directorate (PTAD), on Tuesday, disclosed that N29 billion recovered from the stolen Police Pension Fund had been returned to the cover of the Federal Government. The Director-General of PTAD, Mrs Nellie Mayshak, stated this in Abuja while briefing the House of Representatives Committee on Police Affairs chaired by Honourable Haliru Jika. The director general, while confirming that the police pension was adequately funded by the previous administrations, lamented that the previous police pension managers misappropriated the excessive fund through inclusion of ghost pensioners. She stated that the agency, which was saddled with the responsibility of handling old pension scheme of various federal agencies, civil service, parastatals including police during the last nationwide verification exercise for the police, discovered about 2,800 ghost pensioners out of the 18,000 officers on the pension payroll. She added that out of the additional 16,000 names of pensioners who have never been captured in the pension scheme submitted to PTAD, 3,128 appeared during the verification exercise. The PTAD director general further noted that civil service pensioner were 105,000 while pensioners from Customs, Immigration and Prison were 13,000. While assuring that the fraud in the pension administration was now a thing of the past, she stated that the authentic report of the federal pensioners would be submitted to relevant authorities including National Assembly.

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