PHCN pension arrears: PTAD clears N18.96bn for 3,958 retirees

The Pension Transitional Arrangement Directorate (PTAD) has cleared N18.96 billion in pension arrears owed to 3,958 retirees of the former Power Holding Company of Nigeria (PHCN). The payment addresses outstanding pension obligations to affected retirees, although the headline provides no further details on the disbursement timeline or individual amounts.