Read what FG did to pension boss and three senior officials

– Nellie Mayshak, the executive secretary/director general of the Pension Transitional Arrangement Directorate has been suspended

– The Federal Government did not give any reason for her suspension

– The Minister of Finance, Kemi Adeosun, who confirmed the suspension also disclosed that three other senior officials were suspended

File photo of Minister of Finance, Kemi Adeosun

The Federal Government has suspended Nellie Mayshak, the executive secretary/director general of the Pension Transitional Arrangement Directorate (PTAD), Premium Times reports.

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The Minister of Finance, Kemi Adeosun, who announced the suspension on March 18, declined to give reason for the federal government decision.

She confirmed that the indefinite suspension takes immediate effect, adding that three other senior officials of the directorate were also suspended.

Mrs. Adeosun said a director from the office of the accountant general of the federation (OAGF), has been appointed as acting executive secretary/director general of the agency.

She described Mrs. Mayshak’s suspension as a normal civil service procedure aimed at creating way for unhindered investigation into the activities of the directorate under her leadership.

The Minister promised pensioners that the suspension of the former pension directorate helmsman would not interfere with pension payment and services.

Mrs. Adeosun also pledged to make public the discoveries of the probe panel on the issues that resulted to the suspension of Mrs. Mayshak and others.

Pension Transitional Arrangement Directorate was established in August 2013 under the pension reform act of 2004 to supervise the management of pensions under the defined benefit scheme for pensioners not transiting to the contributory scheme.

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The suspension might not be unconnected with the alleged fraud running into billions of naira that was recently discovered at the office of the federal ministry of finance. Though details of the alleged fraud were still sketchy, the recently introduced biometric registration by banks also exposed many shady activities in the directorate.

The Cable reports that Mrs. Mayshakwas allegedly received a monthly salary of N60 million, which is believed to be the highest for any government official in the country.

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