Nellie Mayshak, the Director General of the Pension Transition
Arrangement Directorate (PTAD), has been placed on indefinite suspension and is
being probed after it was revealed that she purportedly 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,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.
“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.
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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