Pensioners call for quick disbursement Of N740bn arrears released by FG

The Nigerian Union of Pensioners (NUP), has called on the Pension Transitional Arrangement Directorate (PTAD) and other relevant agencies of government to begin the disbursements of the N740bn recently approved by the Acting President, Prof. Yemi Osinbajo for the settlement of the outstanding pension liabilities and promotion arrears.

The Union while appreciating the Acting President, Yemi Osinbajo for alleged release of N740bn, urged its members nationwide to be patient, as the government is set to pay their entitlements through the treasury bills and bond.

A statement signed by its General Secretary, Actor Zal said, “Suffice it to say payments of the arrears of 33% pension increase, (18 months for civilian pensioners and 39 months for police pensioners) as well as the backlog of arrears of gratuities that were owed pensioners since 2001 shall be liquidated.

“PTAD will equally commence the verification of pensioners from the South West and North Central zones within few weeks from now. The dates and venues of the exercise will be announced as soon as funds are released through print and electronic media by PTAD accordingly.

“The NUP equally wishes to appreciate the efforts of the chairman House Committee on Pension, Hon. Hassan Shekarau and the Executive Secretary of PTAD, Bar. (Mrs) Sharon Ikeazor for their frantic and unshakeable efforts in this regard.”

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