Customs Releases N7.61bn Pension Benefits to 4,237 Retirees

The Nigeria Customs Service has disbursed the sum of N7.61 billion as pension benefits to 4,237 retired officers and their next of kin.  

 This significant payment forms part of ongoing efforts to settle retirement entitlements and improve the welfare of former personnel of the service.

The release underscores the commitment of the Customs leadership to addressing pension obligations promptly and reducing backlogs for retirees.

Details of the exact breakdown whether covering gratuities, monthly pensions, death benefits, or arrears were not immediately specified in initial reports.

However, such disbursements typically include a mix of terminal benefits and outstanding payments to eligible beneficiaries under the Defined Benefit Scheme.

The development comes amid broader federal government initiatives to clear pension liabilities across various agencies, reflecting a push to honour commitments to public servants who have served the nation.

This latest payout is expected to bring relief to the affected retirees and their families, enhancing their financial security in retirement.

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