It’s now difficult to embezzle pension funds -DG
The Pension Transitional Arrangement Directorate on Tuesday said it had plugged sources of misappropriation of pension funds in the agency.
Director-General of PTAD, Mrs. Nellie Mayshak, made this known at the
Sensitisation Workshop for Treasury Funded Parastatals and their
Pensions Board of Trustees it organised in Abuja.
Mayshak recalled that before the establishment of the directorate by the Federal Government in 2013, the administration of pension funds in the country was plagued by cases of embezzlement.
She explained that PTAD was established to cater for pensioners under the old pension scheme of Pay as You Earn.
“There has not been a single incident of misappropriation of pension funds since PTAD was established and there will never be.
“What has contributed to this is that we have put in systems that have completely eliminated pension officials from physically accessing pension funds. Every payment is done electronically through ‘GIFMIS’, from the office of the Accountant General of the Federation,” she said.
Mayshak said for the electronic payment to be effective and sustain its transparency, pensioners needed to submit their correct account details.
She said the directorate had put mechanism in place to track and solve non-payment problems often raised by pensioners, and stressed the need to obtain data of every existing pensioner under the old scheme.
The DG said, “I did not inherit any database of pensioners when I came into office. Currently, we have a lot of challenges with the payroll we are using to pay pensioners.
“There is also the need to digitalise the pension process and the only way to create a database of pensioners is to go out and carry out a nationwide biometric capturing and verification of old pensioners.
“The benefit of this is that ghost workers and duplicated payments will be eliminated.”
She pledged to continue to work with relevant stakeholders like the office of the Accountant-General and Budget Office for quick payment of pensions.
Mayshak warned banks that purposely delayed payment of pensioners with the sole aim of making gains on pensioners’ funds before making payments to desist from the act, saying erring banks would be sanctioned.
In his speech, the Head of Civil Service of the Federation, Alhaji Bukar Goni, urged PTAD to establish call centres for easy enquiries and feedback from pensioners.
Goni, who was represented by the Permanent Secretary, Common Services in his office, Mr Yemi Adelakun, said, “The time when people have to travel all the way from Maiduguri, Calabar to Abuja just for information is over.”
Mayshak recalled that before the establishment of the directorate by the Federal Government in 2013, the administration of pension funds in the country was plagued by cases of embezzlement.
She explained that PTAD was established to cater for pensioners under the old pension scheme of Pay as You Earn.
“There has not been a single incident of misappropriation of pension funds since PTAD was established and there will never be.
“What has contributed to this is that we have put in systems that have completely eliminated pension officials from physically accessing pension funds. Every payment is done electronically through ‘GIFMIS’, from the office of the Accountant General of the Federation,” she said.
Mayshak said for the electronic payment to be effective and sustain its transparency, pensioners needed to submit their correct account details.
She said the directorate had put mechanism in place to track and solve non-payment problems often raised by pensioners, and stressed the need to obtain data of every existing pensioner under the old scheme.
The DG said, “I did not inherit any database of pensioners when I came into office. Currently, we have a lot of challenges with the payroll we are using to pay pensioners.
“There is also the need to digitalise the pension process and the only way to create a database of pensioners is to go out and carry out a nationwide biometric capturing and verification of old pensioners.
“The benefit of this is that ghost workers and duplicated payments will be eliminated.”
She pledged to continue to work with relevant stakeholders like the office of the Accountant-General and Budget Office for quick payment of pensions.
Mayshak warned banks that purposely delayed payment of pensioners with the sole aim of making gains on pensioners’ funds before making payments to desist from the act, saying erring banks would be sanctioned.
In his speech, the Head of Civil Service of the Federation, Alhaji Bukar Goni, urged PTAD to establish call centres for easy enquiries and feedback from pensioners.
Goni, who was represented by the Permanent Secretary, Common Services in his office, Mr Yemi Adelakun, said, “The time when people have to travel all the way from Maiduguri, Calabar to Abuja just for information is over.”
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