Customs Releases N7.61bn to PFAs for Payment to 4,237 Retirees

The Nigeria Customs Service (NCS) has disbursed N7.61 billion to nine Pension Fund Administrators (PFAs) for the payment of retirement benefits to 4,237 retired officers, reaffirming its commitment to the welfare of its former personnel.

Comptroller General of Customs, Adewale Adeniyi, disclosed this during a dialogue with retired Customs officers held on Tuesday, July 14, 2026, where he assured the retirees that the funds had already been released to the PFAs for onward payment into their individual accounts.

According to the breakdown presented at the meeting, Access-ARM Pension Managers will pay 1,223 retirees, Premium Pension 2,268 beneficiaries, Leadway Pensions 403, TrustFund Pensions 156, FCMB Pensions 144, Veritas Glanvills Pensions 28, Norrenberger Pensions 11, and Fidelity Pension Managers four beneficiaries, bringing the total number of retirees to 4,237.

Speaking during the engagement, Adeniyi stressed that the Customs Service remained committed to fulfilling its obligations to both serving and retired personnel, noting that the welfare of officers who had devoted decades of service to the nation was critical to the future of the organisation.

He said the Service must remain financially strong to meet its responsibilities, adding that the dialogue was convened to promote transparency and address concerns raised by retirees.

"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," Adeniyi said.

The meeting was attended by the Deputy Comptroller-General of Customs in charge of Human Resources Development, DCG Tijjani Abe, alongside other members of the Service's management team, who assured the retirees that their concerns would be considered at the Board and Management levels.

The retirees commended the Comptroller-General and the management for creating a platform for direct engagement, describing the initiative as a positive step towards strengthening relations between serving officers and retired personnel. They also appealed for the dialogue to be sustained on a regular basis.

The latest disbursement comes as the Federal Government continues efforts to improve pension administration through a review of the statutory provisions governing pensions, including Section 15(4) of the Pension Reform Act 2014, in line with Section 173(3) of the 1999 Constitution (as amended).