Home NEWS FCT Administration Secures N1.2 Billion To Settle Pensioners, Teachers

FCT Administration Secures N1.2 Billion To Settle Pensioners, Teachers

Abuja City gate

The Federal Capital Territory (FCT) Administration has secured the sum of N1,284,000,000 for the settlement of 234 retired officers in the six area councils, in addition to teachers in the councils.

The Director and Chief Executive Officer, FCT Area Council Pension Board, Nanzing Nden, who spoke to news men on the matter, explained that the payment was one of the approvals the Board got from the former FCT Minister, Malam Muhammad Musa Bello, before he left office.

He said that the Permanent Secretary, Chinyeaka Ohaa, followed it up with a directive to the treasury for prompt payment, adding that the benefits would only be paid to those that have submitted their documents and have been processed for payment up to April this year.

He said that the Board has a total liability of N138 million as outstanding liabilities for 31 files it received from May to date, adding that the Board would stick to the plan to pay pensioners three months before their retirement by September.

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The Director promised that by 2020, the Board would actualize the vision to pay six months before the retirement year.

He said that the FCTA tender board had also approved that all the files of pensioners that have been paid through their system will be converted to e-files, adding that all the old files would be sent to FCT Archives for storage.

According to him, the board had got the nod from the administration for a consultancy for infrastructure and ICT deployment to help with system for accounting, auditing, pension administration and other services within the pension system.