Pension: FCTA approves over N1.2bn for retirees’ payment

By Hudu Yakubu, Abuja.

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The Nigerian Federal Capital Territory Administration, FCTA, has approved the release of One Billion, Two Hundred and Eighty-Four Million Naira (N1,284,000,000) for the payment of FCT retirees.

The Director and Chief Executive Officer, FCT Area Council Pension Board, Mr Nanzing Nden, disclosed this while briefing journalists in Abuja, Nigeria’s capital.

According to him, the amount would be used to settle two hundred and forty-seven (247) retired officers of the Area councils and the LEA public school teachers. However, as at May to date, the board has received only thirty-one files that would be processed.

“We recall that at the last briefing I intimated that we are going to start an advanced payment system for retirees.

“So as at today, we only have thirty-one files that have been sent to us from May to date for total liability of One Hundred and Thirty-Eight Million which is outstanding,”  Dr. Nden explained.

The board intends by September this year to pay pensioners three months before their retirement.

He noted that the idea was to leave the former system where people retired and stayed for years before getting their benefits.

Mr Nden also disclosed that by the year 2020, the Board has the vision of paying six months about to retirement year.

The CEO of the board further said they also got the approval of tender board from the FCT Administration, which means that all the files of pensioners that have been paid through their system will be converted to e-files as all the old files would be sent to FCT Archives for storage.

Going forward, they will have the software for any file or document coming to FCT Area Councils Pension Board.

He said such files or documents must be converted to an E-environment for easy work-flow.

Amaka E. Nliam