Buhari Releases N54 Billion To Settle Pension Backlogs

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​The Director of Information, Ministry of Finance, Mr Salisu Danbatta said on Wednesday that N41.5 billion has already been released to the National Pension Commission (PENCOM). The amount released was for onward payment to those who retired under the Contributory Pension Scheme and who were yet to be paid. 

Danbatta quoted the Minister of Finance, Mrs Kemi Adeosun as saying that N12.5 billion, being outstanding for January, February and March 2017, was also released, bringing the total to about N54 billion. 

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