The Pension Transitional Arrangement Directorate (PTAD) has disbursed more than N1.64 billion to 776 verified and eligible next of kin (NoK) of deceased pensioners under the Defined Benefit Scheme (DBS), the agency announced on Wednesday.
In a statement issued by PTAD’s Head of Corporate Communications, Olugbenga Ajayi, the payments covered beneficiaries across various pension departments, including the civil service, police, parastatals, customs, immigration, and prisons.
According to Ajayi, the largest share of the disbursement N1.48 billion—was paid to 629 NoKs under the parastatals pension department. Another N101.14 million was allocated to 103 NoKs from the civil service pension department, while 43 NoKs of police pensioners received N58.95 million. A single beneficiary under the customs, immigration, and prisons pension department was paid N2.43 million.