NCS releases N7.61bn pension benefits of 4,237 retirees to PFAs

Abuja, July 18, 2026 The Nigeria Customs Service (NCS) has released N7.61 billion retirement benefits of its 4,237 former retirees to nine Pension Fund Administrators.

Adewale Adeniyi, the Comptroller-General of Customs, who disclosed this on Friday while speaking with some retired officers, said the money was transferred to the PFAs for onward payment into the retirees’ Retirement Savings Accounts.

“The Nigeria Customs Service has released N7.61 billion to nine Pension Fund Administrators for payment to 4,237 retirees,” he said

The NCS boss said the payment was to ensure that retired officers receive their entitlements promptly while strengthening engagement between the Customs leadership and pensioners

He reaffirmed the Service’s commitment to improving the welfare of its retired personnel, but stressed that the Service must remain strong and financially capable of meeting its obligations to serving officers and retirees,

Adeniyi urged the retirees to continue their constructive engagement with the service.

“I acknowledged your concerns and suggestions raised, and it is in view of this we called for this dialogue to promote better understanding and reduce the effect of rumours and unofficial information on the relationship between the Service and its retired personnel,” he said.”

According to the breakdown of the payment presented at the meeting, Access-ARM Pension Managers accounted for 1,223 beneficiaries; Premium Pension 2,268; Leadway Pensions 403; TrustFund Pensions 156 and FCMB Pensions 144.

Others are Veritas Glanvills Pensions 28, Norrenberger Pensions 11 and Fidelity Pension Managers, four, bringing the total number of beneficiaries to 4,237.

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