As Fraud Lurks Around Nigeria Pension Industry, PTAD Embarks On Sensitization Campaign

Yemisi Izuora 

The Pension Transitional Arrangement Directorate, PTAD, is now wary of near upsurge of moves by fraudulent persons who take advantage of certain loopholes in the country’s pension sector to defraud unsuspecting pensioners.

The address the scourge, the agency has embarked on serious sensitization of Pensioners and Next of Kins on the activities of fraudsters who now target pensioners to defraud them of their hard earned pensions by texting or calling them, soliciting for money to facilitate their pension payments. 

The Executive Secretary, Sharon Ikeazor stressed that PTAD staff will never demand for money from any pensioner or Next of Kin before their pensions are processed and paid. She said there are no intermediaries in the pension payments, Pensioners are paid directly through GIFMIS platform into individual pensioner’s account.  She advised Pensioners to be aware of fraudsters who sometime posed as PTAD staff to defraud them.

 She said the Directorate embarked on the awareness campaigns to proactively protect the pensioners and to expose pranks employed by the fraudsters to swindle uninformed pensioners. She said the Directorate is sensitizing the pensioners through SMS to all pensioners, Newspaper adverts on National Newspapers and radio jingle on Radio stations across the six geo political zones of the country.

The awareness campaign jingle will also be aired on 18 Radio stations across the 6 geo political zones of the country and FCT. The Radio stations are: Bronze FM Benin; Treasure FM Port-Harcour;, Atlantic FM Uy;, Heartland FM Owerri; Coal City FM Enugu;  Unity FM Ebonyi; Bond FM, Lagos; Positive FM, Akure; Gold FM Osogbo; Kapital FM Abuja; Harmony FM Ilorin; Precious FM Lafia; Peace FM, Borno; Progres FM, Gombe; TSBS FM, Taraba; Freedom FM Kaduna; Freedom FM, Kano and Rima FM Sokoto.

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