Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Dr Musa Adamu Aliyu, yesterday revealed that fraud is not limited to the Pension Transitional Arrangement Directorate (PTAD), but also extends to the Contributory Pension Scheme and related initiatives.
He made the revelation in Abuja during a courtesy visit by the Executive Secretary of PTAD, Tolulope Abiodun Odunaiya, and her management team to the commission’s headquarters.
During the meeting, both agencies agreed to sign a Memorandum of Understanding (Mou) on combating fraud and other corrupt practices in pension administration.
Aliyu, who expressed concern over the persistent difficulties retirees face in accessing their benefits due to corrupt practices within the system, emphasised the commission’s readiness to collaborate with PTAD to improve transparency and accountability in pension management.
In her remarks, the PTAD’s Executive Secretary expressed appreciation to the ICPC for its willingness to support efforts aimed at sanitising the pension system.
She highlighted PTAD’s reforms over the past 12 years, particularly under the Defined Benefit Scheme (DBS), which have streamlined processes such as verification, benefit computation, payments, and complaints resolution.