PTAD Partners with Anti-graft Agencies for Zero Fraud in Pension Administration – PensionNigeria

PTAD Partners with Anti-graft Agencies for Zero Fraud in Pension Administration

Pension Transitional Arrangement Directorate (PTAD) on Wednesday, 23 September 2020, began a 3-day Sensitization and Capacity Building Programme for Anti-graft Agencies and other Related Agencies, on the Defined Benefit Scheme (DBS). The theme of this year’s programme is “Zero Fraud Pension Administration in DBS”

The Executive Secretary of PTAD, Dr Ejikeme, told journalists that PTAD had entered into partnerships with the Nigeria Police Force, Economic and Financial Crimes Commission, Independent Corrupt Practices and other related offences Commission, Nigerian Bar Association, among others.

She said PTAD had to engage the anti-graft agencies in order to re-strategise and come to terms with the reality of fraudulent activities affecting the management of pensioners under the Defined Benefit Scheme (DBS).

Sequel to assuming the responsibility for the payment of monthly pension, the pension industry has been swamped with complaints of extortion by fraudsters and calls demanding for money in order to quicken computation and payment of outstanding liabilities.

These fraudsters take advantage of the desperate and unsuspecting pensioners. PTAD has also been informed of scammers impersonating or posing as staff of PTAD usually conveying wrong information and misleading write-ups.

In order to curtail this menace, PTAD has been liaising with security agencies such as the Department of State Security, Nigerian Police Force, Economic and Financial Crime Commission and the Independent Corrupt Practices and other related offences Commission.

The synergy with these agencies had yielded some level of success in the apprehension of some fraudsters especially at verification centres and although PTAD had concluded its on-field pensioner verification exercises, a reasonable level of decline in the complaints had been reached. However, there are still pockets of complaints bordering on illicit requests for funds to process pension arrears and defrauding of the pensioners.

She further stated that through several collaborations, PTAD had been able to mitigate the perpetration of fraudulent activities carried out by syndicates and persons who fraudulently take advantage of the pensioners.

On several occasions pensioners and their various unions had been informed that PTAD would not request for any form of payment or gratification to process or effect payment of any outstanding payment owed any of its pensioners.

She explained that despite the successes recorded in curtailing the activities of fraudsters, the forum presented an opportunity for stakeholders to make more contributions in order to achieve a zero-fraud pension administration in the Defined Benefit Scheme in Nigeria.

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