PTAD Boss: My Vision is to Serve Pensioners with Respect, Empathy

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James Emejo in Abuja

The Executive Secretary, Pension Transitional Arrangement Directorate (PTAD), Mrs. Sharon Ikeazor has said she’s committed to ensuring that the agency serves the pensioner with the upmost respect and empathy under her leadership.

She said every pensioner should be able to live out the remainder of their lives in dignity and good health.

The new PTAD boss further said the credibility of the payroll and database of pensioners remained an integral part of pension management and justified the nationwide verification of the pensioners under its scheme.

Nevertheless, she said there’s need to boost existing working relationship with anti-graft agencies including the Economic and Financial Crimes Commission (EFCC) and Independent Corrupt Practices and Related Offences Commission (ICPC) as the agency moves to sanitise the pension scheme which has had its reputation smeared recently by allegations of corruption within its top ranks.

The Minister of Finance, Mrs. Kemi Adeosun recently suspended the former Executive Secretary of PTAD, Nellie Mayshak, over allegations of corruption which led to the involvement of the EFCC.

Speaking in Abuja during a courtesy visit to the acting Chairman of EFCC, Mr. Ibrahim Magu, Ikeazor said the EFCC had been supportive and of great assistance during PTAD’s verification exercises, stressing that the presence of the anti-graft officials helped in warding off fraudsters from the verification centers.

She said the EFCC’s had also been instrumental to the recovery of recovery of pension assets that are currently in the possession of Insurance Companies (Underwriters) and Defunct Boards of Trustees (BOT) of concerned Parastatals.

She praised the progress made so far achieved in the collaboration and called for strengthening of ties.

She said through the efforts of PTAD, the federal government is now able to estimate its monthly pension liabilities under the DBS more accurately to aid annual budgeting and resource allocation, among other feats.

Furthermore, she noted that the agency was currently collaborating with the ICPC on the banking status of pensioners who are being currently paid.
She added that a memorandum of understanding (MOU) had been signed to that effect and involved visiting the Head Offices of concerned banks and working with the chief inspectors of the banks.