• Home
  • All news
  • Team
  • About
  • Contact
  • Privacy Policy
  • My account
Wednesday, October 8, 2025
Media Bypass News
No Result
View All Result
No Result
View All Result
Media Bypass News
No Result
View All Result
Home Press Release

PTAD: N12.39bn pension arrears paid to 11,145 Nitel/Mtel pensioners

Oluwaseun Sonde by Oluwaseun Sonde
3 years ago
in Press Release
0
175
SHARES
57.9k
VIEWS
Share on WhatsappShare on FacebookShare on Twitter

The Pension Transitional Arrangement Directorate (PTAD) has paid a total of N12,393,567,595.80 (Twelve Billion Three Hundred and Ninety-Three Million Five Hundred and Sixty-Seven Thousand Five Hundred and Ninty-Five Naira Eighty Kobo only) representing 15-months settlement of inherited unfunded pension liabilities to 11,145 Nitel/Mtel pensioners.



According to the statement released by the Directorates Management on Monday, the PTAD Executive Secretary, Dr Chioma Ejikeme explained that the fifteen (15) months payment is part of the outstanding sixty-three (63) months of inherited unfunded pension liabilities to NITEL/Mtel pensioners leaving a balance of 48months yet to be settled.

Stated further that in 2018 and after 12 years of uncertainty post privatization, the Directorates onboarded ex-workers of NITEL/Mtel to the monthly pension payroll in fulfillment of President Muhammadu Buhari’s commitment to ensuring that all eligible pensioners get their entitlements.



At the onset, the inherited unfunded pension liability for NITEL/MTEL stood at 84-months.

Adding that so far, the President Buhari led government through PTAD has cleared 36-months out of the inherited arrears as follows 1-month in 2019; 6-months in 2020; 14- months in 2021 and 15-months in 2022.

While the ES, Dr Ejikeme gave the assurance that the backlog of NITEL/Mtel inheritied pension liabilities will continue to be cleared subject to available funds.

Tags: Dr Chioma EjikemeNitel/Mtel pensionersPension ArrearsPTAD
SendShareTweet
Previous Post

“We had long-drawn negotiation with Twitter during suspension”

Next Post

NYSC, Anambra Govt sets to establish Skill Acquisition Centre

Oluwaseun Sonde

Oluwaseun Sonde

Managing Editor, Nigeria, a renowned journalist with multitask functionality, member of the Association of Corporate Online Editor (ACOE). Email: admin@mediabypassnews.com

Next Post

NYSC, Anambra Govt sets to establish Skill Acquisition Centre

Please login to join discussion

Stay Connected test

  • 500 Subscribers
  • 23.9k Followers
  • Trending
  • Comments
  • Latest

NYSC debunk online video indicating change in Corpers’ uniform

June 15, 2024

Bullion Records breaks into Nigeria’s top 3 record label

October 8, 2025

Police passed out 10,000 newly trained constables nationwide

October 8, 2025

Certificate forgery: Why Uche Nnaji should not have been allowed to resign

October 8, 2025

Ramaphosa appoints Defence Minister as S’African Ag President

October 8, 2025

Police passed out 10,000 newly trained constables nationwide

October 8, 2025

Certificate forgery: Why Uche Nnaji should not have been allowed to resign

October 8, 2025

Eko Boys’ High School Alumni lauds FCAIB’s leading role in organic farming

October 8, 2025

Recent News

Ramaphosa appoints Defence Minister as S’African Ag President

October 8, 2025

Police passed out 10,000 newly trained constables nationwide

October 8, 2025

Certificate forgery: Why Uche Nnaji should not have been allowed to resign

October 8, 2025

Eko Boys’ High School Alumni lauds FCAIB’s leading role in organic farming

October 8, 2025
Media Bypass News

We bring latest unbiased news and updates straight to your devices. As storytellers, we strive to deliver content on variety of topics from all over the world. Stay tuned

Follow Us

Browse by Category

  • Accident & Disaster
  • Breaking News
  • Business & Finance
  • Campaign & Elections
  • Classified
  • Climate
  • Conflict & War
  • Corruption
  • Crime
  • Education
  • Energy & Power
  • Entertainment
  • Event
  • Fashion
  • Food
  • Gender
  • General information
  • Health & Fitness
  • Interview
  • Lifestyle
  • News
  • Opinion
  • Personality
  • Photonews
  • Politics
  • Press Release
  • Property & Road
  • Protests & Riots
  • Religious
  • Society & Culture
  • Sports
  • Technology
  • Transport & Aviation
  • Travel & Tourism
  • Uncategorized

Recent News

Ramaphosa appoints Defence Minister as S’African Ag President

October 8, 2025

Police passed out 10,000 newly trained constables nationwide

October 8, 2025
  • About
  • Privacy & Policy
  • Contact

© 2022 Media Bypass News - Designed by Petertechy Solutions.

No Result
View All Result
  • Home
  • All news
  • Team
  • About
  • Contact
  • Privacy Policy
  • My account

© 2022 Media Bypass News - Designed by Petertechy Solutions.

https://mediabypassnews.com/wp-content/uploads/2025/07/pop.mp4

WhatsApp us