Federal Govt Suspends Pension Directorate DG, Mrs Nellie Mayshak Over Alleged Fraud

Director General of the Pension Transitional Arrangement Directorate (PTAD), Nellie Mayshak
The Federal Ministry of Finance has confirmed the suspension of the Director General of the Pension Transitional Arrangement Directorate (PTAD), Nellie Mayshak.

The suspension followed the searchlight on PTAD, which was established in August 2013 in line 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.

The agency is responsible for the pension administration of the Defined Benefit Scheme (DBS), and was established to address the numerous pensioners’ complaints that border on such issues as the non-payment of monthly pension, short payment of pension and gratuity, removal of name on pension payment voucher, non-payment of harmonised pension arrears, irregular payment of federal pensions and non receipt of pension after retirement, among others.

An online news portal, The Cable, which had first reported her suspension yesterday, said the development followed a damning audit report which uncovered an alleged scam running into billions of naira in PTAD.

Confirming the suspension via a telephone chat, the Special Adviser, Media, Minister of Finance, Mr. Festus Akanbi, said Mayshak’s suspension was in tandem with civil service procedure to pave the way for unfettered investigations to be carried out.

Although he did not give details on why the PTAD chief executive was suspended, THISDAY gathered that Mayshak had already complied with the directive to proceed on suspension.

However, a close confidant of the suspended PTAD boss told THISDAY yesterday that she was in a meeting, but the nature and venue of the meeting could not be ascertained.

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