The Director General of the Pension Transition
Arrangement Directorate (PTAD), Nellie Mayshak, has been placed on indefinite
suspension and is being investigated after it was discovered that she allegedly
received N50 million monthly in salary plus other allowances.
According to The Sun, the discovery was made possible via
the Bank Verification Number (BVN) which the CBN used to trace the money being
paid to her account every month.
According to the Finance minister’s Special Adviser on
Media, Festus Akanbi,
“it is normal within civil service procedure to allow
the DG to proceed on indefinite suspension pending when the investigation on
the matter is concluded.”
PTAD was set up to take care of workers who retired on or
before June 30, 2007 under the pay-as-you-go system. Myashak is the pioneer
director general of the agency.
Those who are serviced by the agency include the police,
customs, immigration, civil servants, para-military and other parastatals.
It was established in August 2013 in compliance with the
provisions of section 30 sub-section (2) (a) of the Pension Reform Act (PRA) of
2004 (amended in 2014) which stipulated the establishment of an independent
pension department for the public service of the federation.
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