Alleged Multi-Billion Fraud: FG Suspends PTAD DG, Nellie Mayshak Indefinitely

Must Read

NASS Reacts To Presidency’s Comment On NSIP

The leadership of the National Assembly has debunked claims that it labelled the National Social Investment Programmes by the...

COVID-19: Lagos Govt Denies Relaxing Lockdown For Easter Celebration

The Lagos State Government has come out to deny claims that it has relaxed the lockdown order in the...

COVID-19: FG Will Provide Insurance Cover For Health Workers – Finance minister

The Federal government has revealed plans to insure all the front-line health workers battling to keep Nigerians safe from...

Coronavirus: Lockdown Order Still In Force, IGP Tell Nigerians

The Inspector-General of Police, Mohammed Adamu has directed the Commissioners of Police in States where the social restriction orders...

107-Year-Old Woman Becomes World’s Oldest Person To Survive COVID-19

A 107-year-old Dutch woman, Cornelia Ras has recovered from the novel coronavirus to beat the record earlier held by...
daniel
Ardent Reader, News Freak, Socio-Political Commentator, Archaeologist & Pro-Democrat.

PTAD-Nellie-Mayshak

The Executive Secretary/Director General of the Pension Transitional Arrangement Directorate, PTAD, Mrs. Nellie Mayshak, has been suspended from office indefinitely over her alleged culpability in financial fraud.

The directive suspending Mrs. Mayshak from office was contained in a statement yesterday by the Minister of Finance, Kemi Adeosun.

A director in the office of the Accountant-General of the Federation has been named acting head of the PTAD with immediate effect.

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.

Although the exact reasons for the former PTAD boss’ suspension was not given, there reports of unwholesome financial dealings traced to her. One such reports stated that Mrs. Mayshak pocketed N60 million as her monthly salary but this claim could not be independently verified even as investigations are still ongoing to determine the level of financial rot at the directorate.

The Director, Corporate Services of PTAD, Atiku Saleh, confirmed the suspension but declined giving reasons.

He said in a statement: “Though media reports allege that the suspension is as a result of scam running into billions of naira, the general public should please be informed that the details on the issues relating to the suspension are yet to be made available”.

Mr. Saleh, however, assured pensioners that the development would not affect pension payments and services and that further information would be provided as available.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More Articles Like This

- Advertisement -