The Pension Transition Administrative Directorate (PTAD) has disclosed
that the N29 billion recovered from the stolen Police Pension Fund had
been returned to the Federal Government.
Briefing the House of Representatives Committee on Police Affairs,
the Director-General of PTAD, Mrs Nellie Mayshak, said the previous
police pension managers misappropriated the excessive fund through
inclusion of ghost pensioners, even though police pension was
adequately funded by the previous administrations.
She said they discovered about 2,800 ghost pensioners out of the
18,000 officers on the pension payroll; adding that out of the
additional 16,000names of pensioners who have never been captured in
the pension scheme submitted to PTAD, 3,128 appeared during the
verification exercise.
Mayshak further noted that civil service pensioner were 105,000 while
pensioners from Customs, Immigration and Prison were 13,000.While
assuring that the fraud in the pension administration was now a thing
of the past, she stated that the authentic report of the federal
pensioners would be submitted to relevant authorities including
National Assembly.
It could be recalled that in 2014 the House of Representatives tackled
former Minister of Finance, Ngozi Okonjo-Iweala over N24 billion
police pension fund that was allegedly missing.