Govt saves N20b from police pensions verification

ABOUT N20 billion has been saved from police pension scheme in the verification exercise carried out by the Pension Transitional Arrangement Directorate (PTAD).

Director General of PTAD, Nellie Mayshak, who disclosed this to journalists in Abuja at the stakeholders engagement workshop on planned civil service verification exercise, said that the directorate also discovered about 3,000 phantom pensioners during the recently concluded verification of police pensioners across the country, which commenced in December 2014.

She said, “what we inherited from police pension for example is in excess of N30 billion, but we know this is less than N10 billion now. Yes, because a lot of it was bogus. Yes, that helped us to know that we are owing money, but the truth of the matter is that it is not quite as it was made to look. That is the value of the verification exercise.”