PTAD Collaborates with DSS, EFCC & ICPC to eliminate Pension Fraud
Pension Transitional Arrangement Directorate (PTAD) has reiterated its determination to eradicate fraud in payment of pension to pensioners under its payroll, as part of the efforts to achieve this, it has collaborated with relevant stakeholders, including Department of State Security (DSS), Economic and Financial Crime Commission (EFCC) and Independent Corrupt Practices and other related offences Commission (ICPC).
PTAD on Monday organised a sensitisation and collaboration forum with anti-graft agencies and other relevant stakeholders in Abuja, and in attendance was, Department of State Security (DSS), Economic and Financial Crime Commission (EFCC), Independent Corrupt Practices and other related offences Commission (ICPC), Public Complaint Commission, Nigerian Union of Pensioners (NUP) among others.
Speaking at the event, the Executive Secretary of PTAD, Dr Chioma Ejeikeme, said, “The Directorate has deemed it fit and important to engage these group of stakeholders in order to continually re-strategise and come to terms with the realities of pension payments and its attendant challenges. It is against this backdrop that PTAD is holding the second edition of this programme.”
“We all will recall that the pension industry had been swamped with complaints of extortion by fraudsters and phone calls demanding for money in order to quicken computation and payment of outstanding liabilities. Also, the past ineffective and poor management in the industry before pension reforms put pension management under the Defined Benefit Scheme in bad light.”
“Following these issues, the advent of the pension reforms championed by the Directorate has a two-pronged situation: settling the outstanding pension arrears and sanitising the monthly payroll management, as well as curbing fraud within the pension industry.”
“We are sensitising the law enforcement agencies like ICPC, EFCC, for them to really understand what we do because the perception out there and the knowledge that people out there have is that pension is being administered the way it was in the past, and that is not the case. So we want to make sure that our processes and the way we conduct our payments is very well known to not just them, but also the general public.”
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