The Pensions director general, Nellie Mayshak , has been suspended indefinitely as she is accused of an alleged multi-billion Naira fraud. Mayshak was on a monthly salary of N60 million.
The recent introduction of biometric registration by banks has exposed alleged shady deals in the Pensions directorate as the Director General Pensions Transition Arrangement Committee( PTAD) Nellie Mayshak has been suspended for an alleged fraud running into billions of Naira discovered at the office of the Federal Ministry of finance.
According to reports, the details of the alleged fraud are still sketchy, but the recently introduced biometric registration by banks has exposed this fraudulent dealings and as a result, Mayshak has been placed on indefinite suspension after it was alleged that she was on a monthly salary of N60 million thought to be the highest for any government official in the Federation.
PTAD was established in August,2013 under the Pension Reform Act, (PRA) of 2004 to oversee the Management of pensions under the defined benefits scheme for Pensioners not transiting to the defined contributory scheme.
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