Committee of Representatives probes PTAD on audit issues, laments late/non-payment of retiree benefits
Following multiple complaints raised by the office of the Auditor General of the Federation against the Pension Transitional Arrangements Directorate (PTAD) since its inception in 2013, the House of Representatives Public Accounts Committee established a technical committee ad high level hoc. conduct a judicial audit of the various sums allocated annually to the agency.
Committee Chairman Oluwole Oke announced the committee’s decision during a hearing on the multiple petitions with the agency’s senior management team in Abuja on Monday.
The committee lamented that despite trillions of naira being given to the agency as an annual credit, retirees were still mourning non-payment of their entitlements in the states and FCT, Abuja.
The ad hoc committee chaired by Public Accounts Committee Vice-Chairman Saa’d Abdulkadir was tasked with considering the use of agency capital and recurring releases and ensuring that they complied with financial regulations.
According to the troubled Oke, “Pathetically, on what basis do you justify the non-payment or late payment of our teeming fathers and mothers who had spent most of their productive years in government service in various capacities, we We cannot allow this ugly development to continue.The ad hoc committee will have to look at the activities of the agency and come up with something that will guide the committee in accomplishing its mission.
The committee also demanded a complete list of the beneficiaries of the agency’s pension plan as well as proof of direct payment to them on a monthly basis to enable it to verify complaints of non-payment of the pension.
The PAC Chairman also instructed the Clerk of the Committee to write to the Governor of the CBN requesting the bank statements of the PTAD over the years and a similar statement to the Accountant General of the Federation (AGF) for copies of the letters. of release for the payment of the pension on a monthly basis.
ALSO READ FROM NIGERIAN TRIBUNE
The Nigerian Tribune reports that the PTAD has taken over the functions of the various civil service pension departments and is now responsible for paying current federal government retirees who retired until June 2007, thus leaving the contributory pension scheme led by the private sector.
The PTAD team leader who is the agency’s civil service pension director, Mr. Sulayman Shellong, while giving evidence under oath, admitted that for the fiscal year ending December 2020, the The agency secured a budget allocation of N124 billion of which N119.0.2 billion was released and N127.9 billion was spent on payment of pensions and arrears to beneficiaries.
He said the balance was mopped up and paid into the consolidated revenue account at the end of the financial year and denied any wrongdoing on the part of the pension agency to beneficiaries of his scheme.
While ordering the forensic audit of the pension agency’s finances, Oke commissioned the committee’s internal technical team to carry out a thorough reading of the audited PTAD reports that prompted the demands of the auditor general of the Federation (AuGF) and submit an interim report. report which will form the basis of the next line of action on the agency.