PRESS RELEASE – PTAD Concludes Verification of Ex-Workers of Savannah Sugar Company Limited
The Pension Transitional Arrangement Directorate (PTAD) has concluded the verification of Ex-workers of Savannah Sugar Company Limited (SSCL).
During the exercise, a total of 1,621 Ex-workers and Next of Kins (NoK) who presented themselves for the exercise were successfully verified and their bio-metrics captured.
This in line with President Muhammadu Buhari’s promise to resolve and ensure the accurate computation and payment of the balance of the one-off terminal benefits for the workers who were disengaged in 2002 when the company was privatised.
The verification exercise which started on Monday February 4th and ended on Wednesday February 13th in Jimeta – Yola, Adamawa State, saw a total of 1,290 Ex-workers and 331 NoKs turnout for the 9-day exercise.
According to the Executive Secretary, Sharon Ikeazor, the verification is for the payment of the balance of the one-off terminal benefits paid to them by the BPE in 2002 at the time of privatization.
Ex-workers in the diaspora who did not take part in the exercise have been assured that they can be verified at PTAD HQ, Abuja or PTAD North East Regional office in Yola, Adamawa State.
The verification of SSCL brings the total number of defunct/privatised agencies verified by PTAD to eight including Delta Steel Company (DSC), NITEL/Mtel, NICON Insurance Plc, New Nigeria Newspapers and Nigeria Reinsurance.
The Directorate has assured that preparations for the verification of all other treasury funded parastatals, including defunct/privatised agencies, has been completed and will commence shortly across the country.