{
  "id": 8016999,
  "title": "PTAD pays N18.96 billion PHCN pension arrears to 3,958 retirees",
  "url": "https://urgent.news/2026/09/17/ptad-pays-n18-96-billion-phcn-pension-arrears-to-3-958-retirees",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T11:29:34.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/09/17/ptad-pays-n18-96-billion-phcn-pension-arrears-to-3958-retirees/"
  },
  "original_language": "en",
  "account": "The Pension Transitional Arrangement Directorate (PTAD) has paid N18.96 billion to settle pension arrears for 3,958 retirees formerly with the Power Holding Company of Nigeria (PHCN). The disbursement, consisting of two payments of N9.476 billion and N9.482 billion respectively, brings the total compensation to N18,958,199,952.27 and fulfills the Back-End Computation (BEC) arrears owed under the Defined Benefit Pension Scheme (DBS). PTAD's Executive Secretary Tolulope Odunaiya emphasized the Federal Government's dedication to honoring the pension rights of these retirees, highlighting the ongoing commitment of President Bola Ahmed Tinubu's administration. The settlement is described as a major step in resolving outstanding pension liabilities, underscoring the acknowledgment of the years of service and sacrifice of Nigeria's senior citizens in national service. PTAD will persist in addressing remaining pension obligations to ensure retirees receive their entitled benefits.",
  "summary": "The Pension Transitional Arrangement Directorate (PTAD) has disbursed N18.96 billion to settle outstanding Back-End Computation (BEC) arrears owed to 3,958 eligible pensioners of the former Power Holding Company of Nigeria (PHCN) under the Defined Benefit Pension Scheme (DBS). The post PTAD pays N18.96 billion PHCN pension arrears to 3,958 retirees appeared first on Nairametrics .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Punch",
        "title": "PTAD clears N18.96bn PHCN pensioners arrears",
        "url": "https://urgent.news/2026/09/17/ptad-clears-n18-96bn-phcn-pensioners-arrears",
        "published": "2026-09-17T09:28:42.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}