ICPC, PTAD partner to tackle pension fraud

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Pension Transitional Arrangement Directorate (PTAD) have agreed to sign a Memorandum of Understanding (MoU) aimed at combating fraud and other corrupt practices in pension administration.

The ICPC Chairman, Dr. Musa Adamu Aliyu (SAN), announced this when the Executive Secretary of PTAD, Ms. Tolulope Abiodun Odunaiya, and her management team visited the Commission’s headquarters in Abuja on Thursday.

Aliyu, who expressed concern over the persistent difficulties retirees face in accessing their benefits due to corrupt practices within the system, emphasized the Commission’s readiness to collaborate with PTAD to improve transparency and accountability in pension management.

He said, “I want to thank the Executive Secretary and her team for this important visit. The issue of pensions is very close to my heart, particularly because of the hardship our senior citizens endure just to receive their entitlements,”.

The ICPC Chairman stressed further, “There is a clear need for this MoU to enable both organisations to jointly combat fraudulent activities and ensure a more efficient pension administration.”

READ ALSO: ICPC recovers N20bn ghost workers’ pension deductions

Aliyu, who noted that fraud is not limited to PTAD alone, pointed out that the Contributory Pension Scheme and other related initiatives have also been plagued by corruption.

The ICPC boss called on the management of PTAD to ensure the establishment of their offices in all the states of the federation so that pensioners across the country can have easy access to their services, adding that this will also ensure the smooth implementation and aid the success of the MoU.

By: Babajide Okeowo

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now