Wednesday, 16 March 2016

Probe begins into alleged Nbn ‘scam’ at PTAD



By Fredrick Nwabufo, (TheCable)

Information just coming in indicate that security agents may have commenced investigation into an alleged scam running into billions of naira said to have been discovered at the Pension Transitional Arrangement Directorate (PTAD) of the Federal Ministry of Finance, sources hinted.
Although details of the alleged scam are still sketchy, but it is believed that the Director-General of the organization, Nellie Mayshak, may have been placed on indefinite suspension to allow for investigation.
TheCable learnt that the recently introduced biometric registration by banks exposed a lot of shady dealings in the directorate.
PTAD was established in August 2013 under the Pension Reform Act (PRA) of 2004 to oversee the management of pensions under the defined benefit scheme for pensioners not transiting to the defined contributory scheme.
It was also learnt that Mayshak is allegedly on a monthly salary of N60 million, thought to be the highest for any government official in the federation.

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