Finance Ministry Confirms Suspension Of PTAD Boss

Nellie Mayshak

Nellie Mayshak

The Federal Ministry of Finance on Friday confirmed the indefinite suspension of the Executive Secretary/Director General of The Pension Transitional Arrangement Directorate, PTAD, Nellie Mayshak and three other senior staff of the directorate. The suspension order came from Kemi Adeosun, Finance Minister. A director from the office of the Accountant-General of the Federation has been appointed as acting Executive Secretary/Director General.

A statement from the office of the minister says the suspension, which is a normal civil service procedure, is to pave way for an unimpeded investigation into the activities of the directorate under the watch of Mayshak. “While the ministry assures pensioners that the suspension will not affect pension payment and services, it promises to make public, the findings of the investigative panel on the issues leading to the suspension,” the statement read.

PTAD was established in August 2013 under the Pension Reform Act of 2004 to oversee the management of pensions under the defined benefit scheme for pensioners not transiting to the defined contributory scheme.



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