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FG receives £26.5m repatriated pension funds

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Dr.-Chioma-Ejikeme



The federal government on Wednesday announced through the Pension Transitional Arrangement Directorate (PTAD) that it received the sum of £26.5 million as repatriated pension funds from Crown Agents Investment Management (CAIM).

This was disclosed on Tuesday in Abuja by PTAD Executive Secretary, Dr Chioma Ejikeme, in a statement released by Mr Gbenga Ajayi, PTAD’s Head of Corporate Communications.

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The PTAD boss added that the repatriated pension funds had been under-investment with CAIM of the United Kingdom, citing that the funds were approved by the Presidency after series of meetings between PTAD Management, Office of the Accountant-General of the Federation and CAIM.

She also added that part of the funds would be used to settle accrued arrears to pensioners valued at over N120 billion.

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“This development is indeed a very happy and welcomed one for our senior citizens,” she stated.

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