Thursday, September 17, 2026

PTAD pays N9 billion BEC arrears to 4,000 PHCN pensioners

PTAD has paid N9.47 billion in outstanding BEC arrears to 3,958 PHCN pensioners under the Defined Benefit Scheme.

• September 17, 2026
PTAD
PTAD [Credit; PTAD]

PTAD has paid N9.47 billion in outstanding BEC arrears to 3,958 PHCN pensioners under the Defined Benefit Scheme. Olugbenga Ajayi, PTAD’s spokesman, disclosed this in a statement on Thursday.

Mr Ajayi said the payment was the outstanding 50 per cent balance from the back-end computation.

He said PTAD had earlier paid N9.48 billion to the same pensioners in June, as the first 50 per cent tranche.

According to him, the latest payment brings total disbursements to the affected pensioners to N18.96 billion.

He said the payment marked a milestone in resolving outstanding pension liabilities owed to PHCN pensioners.

The executive secretary of PTAD, Tolulope Odunaiya, reiterated the agency’s commitment to eligible DBS pensioners.

Ms Odunaiya said the federal government remained committed to protecting the welfare, dignity and well-being of pensioners.

She said PTAD would continue to address outstanding pension liabilities to ensure retirees receive their due benefits.

The executive secretary said the sacrifices and meritorious services of Nigeria’s senior citizens would continue to be recognised and honoured.

She added that the administration of President Bola Tinubu remained committed to a more dignified and secure retirement.

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Heading 1

Nigeria left out as Brazil begins electronic visa issuance for six African countries

The new electronic visa category is part of broader efforts by the Brazilian government to modernise its immigration system.

Coalition for Epidemic Preparedness Innovations

Africa

CEPI commits $3.9 million to bolster clinical trials against Bundibugyo ebolavirus

CEPI said more than 7,200 confirmed cases and over 3,500 deaths had been reported as of September 13.

Rescued hostages

States

Four hostages freed as police, bandits engage in gunfight

The police command in Kaduna state has rescued four kidnap victims after repelling a bandit attack in Dutsin-Ma council area.

Canadian Prime Minister Mark Carney

World

Canada-EU partnership not to rival U.S., says Mark Carney 

Mr Carney advocated an alliance between the continent and Canada.

rescued victims

States

Bandits: 22 hostages freed in Niger

Troops of the 18 Brigade of the Nigerian Army have rescued 22 kidnap victims in Muchiya village, Rafi council area of Niger.

recovered items

States

Akwa Ibom: Police nab six suspected robbers, recover guns

The police command in Akwa Ibom has arrested six suspected armed robbers and associates of a gang operating in Ikono, Ini, and Obot Akara council areas.