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PTAD pays N1.56bn to next of kins of deceased Nitel/Mtel pensioners

 

The Pension Transitional Arrangement Directorate (PTAD) has paid out N1,565,190,623.12 to 500 Next of Kins (NoKs) of the Deceased Nitel/Mtel Pensioners under the Defined Benefit Scheme.

According to a statement signed by the PTAD management, the Next of Kins who are beneficiaries of deceased Nitel/Mtel Pensioners who died after service, have completed the process of documentation and have been cleared for payment by the Federal Auditors.

PTAD, Executive Secretary, Sharon Ikeazor said the timely payment was achieved through diligent verification exercise conducted by the Directorate to authenticate genuine Noks before payment was made.

She assured those who are yet to be paid of the Directorate’s commitment to see that all NoKs receive their entitlement.

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