NCS releases N7.61bn for payment of 4,237 retirees

The Nigeria Customs Service (NCS) says it has released N7.61 billion to nine Pension Fund Administrators (PFAs) for the payment of retirement benefits to 4,237 retirees.

The Comptroller-General (C-G) of NCS, Bashir Adeniyi, disclosed this during a dialogue with retirees, where he reaffirmed the service’s commitment to improving the welfare of its retired personnel.

NCS’s Spokesperson, Abdullahi Maiwada, in a statement on Friday in Abuja said the C-G announced that the funds had been disbursed to the PFAs for onward payment into the retirees’ individual accounts.

Maiwada said the meeting followed ongoing efforts to improve pension of retirees following the Federal Government’s decision to review the statutory provisions governing pensions.

This is includes Section 15(4) of the Pension Reform Act 2014, in line with Section 173(3) of the 1999 constitution, as amended.

He said that according to the breakdown presented at the meeting, Access-ARM Pension Managers accounted for 1,223 beneficiaries, Premium Pension 2,268, Leadway Pensions 403, TrustFund Pensions 156 and FCMB Pensions 144.

Others are Veritas Glanvills Pensions 28, Norrenberger Pensions 11 and Fidelity Pension Managers four, bringing the total number of beneficiaries to 4,237.

Addressing the retirees, Adeniyi underscored the need for the service to remain strong and financially capable of meeting its obligations to serving officers and retirees.

He emphasised that the welfare of officers who had dedicated decades to the NCS was integral to the institution’s future.

The NCS boss urged the retirees to sustain constructive engagement with the service, describing it as necessary to foster mutual understanding.

“I acknowledged your (retirees) concerns and suggestions raised and it is in view of this we called for this dialogue.

“This is to promote better understanding and reduce the effect of rumours and unofficial information on the relationship between the service and its retired personnel,” he said.

The News Agency of Nigeria (NAN) reports that retirees thanked the C-G and his management team for creating a platform for direct engagement.

They also urged the service to sustain the dialogue as part of efforts to strengthen the relationship between serving officers and retired personnel.