Home ICPC REPORT PTAD seeks ICPC Support to fight Pension Fraud

PTAD seeks ICPC Support to fight Pension Fraud

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The Executive Secretary of the Pension Transitional Arrangement Directorate (PTAD), Dr. Chioma Ejikeme, has sought the assistance of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) in clamping down on perpetrators of various pension frauds.

The PTAD Executive Secretary made the plea when she led a team of her management staff on a courtesy visit to ICPC headquarters in Abuja, recently.

She stated that pensioners’ experience under the Defined Benefit Scheme (DBS) being implemented by PTAD, had been unsavoury and that it was this bad experience that necessitated the birth of the pension reforms with the introduction of the Contributory Pension Scheme (CPS).

Dr. Ejikeme bemoaned the fact that despite this reform, activities of scammers were making pensioners lose confidence in the scheme. She therefore solicited the support of the Commission to help the Directorate fish out such fraudsters.

According to her, “We want to solicit the assistance of ICPC to help us curtail the activities of pension scammers. We have a lot of instances where pension fraudsters scam the pensioners, telling them that they can help them process their benefits. We want you to help us in this regard so that pensioners can have confidence in the scheme.”

In his response, ICPC Chairman, Prof. Bolaji Owasanoye, noted that Nigeria was full of information scammers, stating that the trend was not likely to disappear overnight but that with proper information management and sanctions, it could be curtailed.

The Chairman further advocated for intelligence-sharing between the two agencies in order to arrest the situation.
Prof. Owasanoye also commended PTAD for being rated high on the Commission’s Ethics and Compliance Scorecard last year, saying that he was looking forward to a more robust relationship with the Directorate.

In recent times, there has been an increase in the number of reported scam attempts targeting vulnerable pensioners. The scammers use phone calls, text messages, email and other means to advance their dubious intentions.

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