By
Wed Jun 30 2021
The Pension Transitional Arrangement Directorate (PTAD) has received £26.51 million repatriated from an investment firm in the United Kingdom.
A statement from PTAD quoted the Directorate’s Executive Secretary, Dr. Chioma Ejikeme, as saying the pension funds had been under investment with Crown Agents Investment Management Limited, United Kingdom.
Dr. Ejikeme said the repatriation of the fund was made possible by the approval of President Muhammadu Buhari and series of meetings between PTAD management, Office of the Accountant-General of the Federation and the Crown Agents Investment Management Limited, United Kingdom.
She said the funds would be used to settle part of the accrued arrears owed to its pensioners worth over N120 billion.
PTAD receives £26m repatriated pension fund from UK
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