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Saturday, March 19, 2016

Suspension of PTAD boss, Mayshak, confirmed by Adeosun



The indefinite suspension of the pioneer Executive Secretary and Director General of the Pension Transitional Arrangement Directorate (PTAD), Mrs. Nellie Mayshak and three other senior staff of the directorate, has been confirmed by the Federal Ministry of Finance, reports ITRealms.

Confirming this in a press statement made available to ITRealms, the Special Assistant (SA) on Media to the Honourable Minister of Finance, Mr. Festus Akanbi, said that Mayshak was placed on suspension by the Honourable Minister of Finance, Mrs. Kemi Adeosun and a director from the Office of the Accountant-General of the Federation has since been appointed as acting Executive Secretary and Director General.

ITRealms also said that 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 Mrs 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.

ITRealms recalls that 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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