The Nigeria Customs Service has released N7.61bn to nine Pension Fund Administrators for the payment of retirement benefits to 4,237 former officers, with the Comptroller-General of Customs, Adewale Adeniyi, reaffirming the Service’s commitment to improving the welfare of its retired personnel.
Adeniyi disclosed this during a dialogue with retired Customs officers, where he announced that the funds had already been transferred to the Pension Fund Administrators for onward payment into the beneficiaries’ Retirement Savings Accounts.
The development was disclosed in a statement issued by the National Public Relations Officer of the Nigeria Customs Service on Friday.
According to the statement, the disbursement is part of the Service’s broader efforts to ensure that retired officers receive their entitlements promptly while strengthening engagement between the Customs leadership and pensioners.
The statement read, “The Nigeria Customs Service has released N7.61 billion to nine Pension Fund Administrators for payment to 4,237 retirees, as the Comptroller-General of Customs, Adewale Adeniyi, reaffirmed the Service’s commitment to improving the welfare of its retired personnel.”
A breakdown presented during the meeting showed that Access-ARM Pension Managers had the highest number of beneficiaries, with 1,223 retirees, followed by Premium Pension Limited with 2,268 beneficiaries. Leadway Pensions accounted for 403 retirees, Trustfund Pensions had 156, FCMB Pensions had 144, Veritas Glanvills Pensions had 28, Norrenberger Pensions had 11, while Fidelity Pension Managers accounted for four beneficiaries, bringing the total number of retirees covered under the latest payment to 4,237.
Addressing the retirees, Adeniyi stressed that the Nigeria Customs Service must remain financially strong and institutionally stable to meet its obligations to both serving officers and retired personnel.
