Nigeria receives over £26m repatriated pension from UK

Nigeria receives over £26m repatriated pension from UK

The Pension Transitional Arrangement Directorate (PTAD) has received the sum of £26,505,862.97  repatriated from the United Kingdom.

These pension funds had hitherto been under-investment with Crown Agents Investment Management Limited, United Kingdom.

According to the Executive Secretary, Dr Chioma Ejikeme, the repatriation of this fund was made possible by the approval of President Mohammadu Buhari and a series of meetings between PTAD Management, Office of the Accountant-General of the Federation and the Crown Agents Investment Management Limited, United Kingdom

The ES said the funds will be used to settle part of the accrued arrears owed to its pensioners worth over N120 billion.

She said this development is indeed a very happy and welcome development for our Senior Citizens and it represents another demonstration of the importance that the Buhari led Federal Government places on the welfare of pensioners.