FEDERAL GOVERNMENT SETTLES NITEL, PHCN AND BANK WORKERS’ 39 BILLION NAIRA PENSION LIABILITIES.
The payment, announced today by the Pension Transitional Arrangement Directorate, PTAD, covers outstanding liabilities owed to pensioners of the defunct Nigerian Telecommunications Limited, NITEL Mobile Telecommunications Limited, MTEL Power Holding Company of Nigeria, Assurance Bank, NICON and the defunct People’s Bank of Nigeria.
