Saturday, 27 May 2017

Buhari stops pension fraud, releases N54bn for inherited, current liabilities –Presidency

The Presidency on Saturday said the government of President Muhammadu Buhari has brought an end to the series of mind-boggling fraud and scandals around the issue of pensions in Nigeria.

According to a statement made available to journalists, the Senior Special Assistant to the President on Media and Publicity, Garba Shehu, said this while featuring on a programme on the Federal Radio Corporation of Nigeria, Kaduna, to commemorate the second anniversary of the Buhari administration.

Shehu said the feat was achieved by strengthening the Pension Transitional Arrangement Directorate, which has introduced a number of measures in the past two years.

One of the these measures, he said, was the automation of pension payment processes.

The presidential spokesman said the Bank Verification Number policy has also been implemented in the pension scheme, with over 103,000 civil service pensioners verified.

“Pensioner records have also been digitalised for secure archiving, with thousands of thousands of old, physical pension folders converted to e-files,” he said.

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