Adamawa commences Verification of 500 Retirees for N1.5b Gratuity Payment

The Adamawa State Pension Board has started a verification exercise on 500 pensioners for whom N1.5 billion has been approved as gratuity.

The verification exercise began on Monday at the state Pension Board complex in Jimeta, Yola, with the retirees lining up for their turns.

The Executive Chairman of the state Pension Board, Chief Thomas Madi, told newsmen that the 500 retirees were to be screened to authenticate their eligibility before releasing the earmarked funds.

He explained that those who retired from service between January and May 2013 were those being entertained.

Madi added that the exercise was made possible with a timely release of N1.3 billion by Governor Ahmadu Fintiri.

“Since the emergence of the Fintiri administration, the state board has accessed over N5 Billion for payment of gratuity and pension arrears in the state,” he said.

Madi, who disclosed that the state still owes a backlog of N20 billion of mostly pension arrears as incurred by past administrations, expressed optimism that the Fintiri administration would fully offset it over time.

Support PensionNigeria financially with N1,000 per Month HERE, or with any amount HERE
Empower us to do more independent analysis of the Pension Industry in Nigeria

Subscribe to PensionNigeria Daily News Broadcast on WhatsApp, just send “Subscribe” to 08160052802, PLEASE ensure you also save 08160052802 to your contacts as “PensionNigeria” to enable you receive the PensionNigeria News Broadcast.

Subscribe to PensionNigeria Daily Newsletter and get Today’s Top Pension News delivered straight into your email box every Evening.
If you have subscribed before and you still do not receive our Newsletter, please check your “Spam Folder”, if you find our Newsletter there, mark it as “NOT SPAM” or move it to your Inbox

Pension is Your Right,
An Insurance for Old Age
Follow PensionNigeria on Social Media LinkedIn Twitter Instagram Facebook YouTube