President Buhari releases N54bn for the payment of pension arrears

President Buhari has ordered the release of N54 billion for the payment of pension arrears for the year 2014, 2015 and 2016. Minister of Finance, Kemi Adeosun disclosed this in statement she released on her Facebook wall. According to Adeosun, N41. 5 billion has been paid National Pension Commission (PENCOM) for onward payment to the retirees, who retired under the Contributory Pension Scheme.