PTAD DISBURSES 83.82 BILLION IN SETTLEMENT OF BACK-END COMPUTATION (BEC) PENSION ARREARS TO 30,356 DEFINED BENEFIT SCHEME (DBS) PENSIONERS.

Pension Transitional Arrangement Directorate

PRESS RELEASE

PTAD DISBURSES 83.82 BILLION IN SETTLEMENT OF BACK-END
COMPUTATION (BEC) PENSION ARREARS TO 30,356 DEFINED BENEFIT
SCHEME (DBS) PENSIONERS.

The Pension Transitional Arrangement Directorate (PTAD) has disbursed a total of
¥§3,817,568,592.80 (Three Billion, Eight Hundred and Seventeen Million, Five
Hundred and Sixty-Eight Thousand, Five Hundred and Ninety-Two Naira, Eighty
Kobo) in accrued pension arrears to 30,356 Defined Benefit Scheme (DBS) Pensioners
across the Parastatals Pension Department (PaPD), Defunct and Transferred Agencies
Pension Department (DTAPD), and Tertiary, Education and Health Pension
Department (TEHPD).

This payment represents accrued arrears arising from the Back-End Computation (BEC)
Review Exercise conducted by the Directorate to address and resolve complaints
relating to pension computations and outstanding entitlements of DBS Pensioners. The
disbursement further demonstrates PTAD’s sustained commitment to addressing
verified outstanding obligations and improving the welfare of DBS Pensioners under its
mandate.

Speaking on the development, the Executive Secretary of PTAD, Tolulope Odunaiya,
expressed appreciation to the affected DBS Pensioners for their cooperation throughout
the review process, reaffirming the Directorate’s commitment to the timely, transparent,
and accountable payment of verified pension entitlements.

She further noted that this payment reflects the commitment of the Administration of
His Excellency, President Bola Ahmed Tinubu, GCFR, to addressing pension-related
issues and strengthening pension administration under the Defined Benefit Scheme.

PTAD remains committed to continuous engagement with DBS Pensioners, prompt
resolution of pension-related complaints, and the delivery of efficient, transparent, and
accountable DBS pension administration.

Olugbenga Ajayi, mnipr
Head, Corporate Communications
August 14, 2026