PTAD, ICPC, SIGNS MoU TO TACKLE CORRUPTION IN PENSION SCHEME

PTAD, ICPC, SIGNS MoU TO TACKLE CORRUPTION IN PENSION SCHEME 

In a bid to promote transparency and accountability, the Pension Transitional

Arrangement Directorate (PTAD) has signed a Memorandum of Understanding (MoU)

with the Independent Corrupt Practices and Other Related Offences Commission

(ICPC) to jointly combat corruption in the administration of the Defined

Benefit Pension Scheme (DBS).

The MoU was signed by the Executive Secretary of PTAD, Tolulope Odunaiya, and the

Honourable Chairman of ICPC, Dr. Musa Adamu Aliyu, SAN. This legal document

provides a framework for collaboration between both institutions in monitoring,

investigating, and preventing corrupt practices within the DBS pension system.

In her remarks, PTAD Executive Secretary, Tolulope Odunaiya accentuates that “the MOU

reflects our shared determination to combat pension corruption within the DBS,

uphold integrity, and advance transparency and accountability within our

respective mandates, while ensuring the delivery of good governance to every

pensioner and stakeholder.” “By leveraging our combined strengths, we can

significantly enhance our capacity to prevent, detect, and prosecute

corruption-related offenses in the DBS pension system, which is in line with

His Excellency, President Bola Ahmed Tinubu’s Renewed Hope Agenda” she stated. 

Similarly, the ICPC Chairman, Dr. Musa Adamu Aliyu, SAN, further emphasized that joining

forces with PTAD is a strong step toward curbing corrupt practices in the administration

of the Defined Benefit Pension Scheme. “By combining PTAD’s robust and

increasingly digitised database with the investigative and prosecutorial powers

of the ICPC, we are creating a seamless and powerful force”. He also commended

the Executive Secretary for her unwavering commitment towards the fight against

corruption in the Federal Government Defined Benefit Pension Scheme.

He stated that the partnership underscores the shared mandate of PTAD and ICPC to

promote good governance, strengthen accountability, and safeguard Nigerians’

welfare from fraudulent practices.