The EFCC has arrested the Director General of the Pension Transitional Arrangement Directorate (PTAD) Nelly Mayshak who was recently suspended over an alleged N2.5 billion fraud.
The anti-graft agency also arrested three of her staff who it alleged served as front for her in the award of fictitious contracts, sources told Daily Trust yesterday.


The staff are Yoab Youssoufou, Patricia Iyogun and Ruth Imonikhe.
Mayshak was suspended indefinitely in March over allegations of fraud uncovered in the PTAD.
The directorate is an independent pension agency established in August 2013 to oversee management of pensions under the Defined Benefit Scheme for pensioners who are not part of a new contributory scheme.
EFCC sources told Daily Trust that investigations into the alleged fraud revealed that Mayshak misappropriated about N2 billion of the N2.5 billion.
She inherited the money from the pension’s account of the Head of the Civil Service (HOSF) mainly meant for Nigerian Immigrations Service (NIS) Nigeria Customs Service (NCS), and Nigeria Prisons Service (NPS).
She is also said to have embezzled about N500 million meant as take-off grant for PTAD.
The source said the alleged fraud was committed in the award of contracts during her three-year tenure.
“In one instance, Mayshak allegedly approved N25, 410,000 contracts for the supply of 121,000,000 litres of fuel in one day when in fact there was no corresponding storage capacity. PTAD only has storage capacity of about 11,000 litres, which lasts for about a month,” the source said.
Mayshak is also alleged to have awarded several phony contracts to cronies and staff of PTAD, through which she enriched herself because they only served as fronts for her.
The source added: “Between December 8 and 30, 2014 she awarded multiple contracts to the same company, Interactive Wide Nigeria Limited, to the tune of about N29, 377,993.26.
“Other contracts for the supply of office materials, air conditioners, and conference materials to the tune of N375, 704,287 were awarded to Belzacode, Hosley Nigeria Limited and Pabak Nigeria Limited.”
The source said investigations revealed that “Yousoufou, Team Leader, ICT owned Belzacode; Imonihke, Team Leader, DG’s Office, owned Hosley Nigeria Limited while Iyogun, Team Leader, Customs, Immigration and Prisons Pensions Department, said to be a sister-in-law to Mayshak, owned Pabak Nigeria Limited.
“They were however, found to be merely serving as fronts for Mayshak.”
Minister of Finance Kemi Adeosun suspended Mayshak when the scandal broke to enable unhindered investigations.
The minister’s office said that the allegations against Mayshak did not relate to pensioner’s fund but to operational expenses of PTAD.
“The suspension which is a normal civil service procedure is to pave way for an unimpeded investigation into the activities of the directorate under the watch of Mayshak.
“While the ministry assures pensioners that the suspension will not affect pension payment and services, it promises to make public the findings of the investigative panel on the issues leading to the suspension.’’
Mayshak it was gathered first ran into trouble during the tenure of the former Accountant General of the Federation, Jonah Otunla.
She was alleged to have demanded the sum of N3 billion earmarked for the verification of pensioners nationwide to be released to her, but Otunla refused.
Otunla, reportedly argued that the verification exercise was supposed to be carried out by the Office of the Accountant General of the Federation and not PTAD.


http://www.dailytrust.com.ng/news/general/n2-5billion-fraud-efcc-arrests-suspended-ptad-dg-three-others/143238.html?platform=hootsuite#L8qvlzoIyGw84344.99

That Youssoufou sounds Senegalese or Malian. Won't be surprised if foreigners join de thief for civil service

Why do they always screw up pension money while the pensioners wallow in anguish?

Lootocracy!


And see 'ruth' name there sef! No wonder she was balling out of control some time back!

Space booked in case this makes FP

Greed everywhere.
Why would someone even tamper with funds meant for pension.
Don't they have conscience?
Nd they will daily listen to d cries nd agony of pensioners.
Hell must be real cos people like dis needs to roast

To even think this "technocrat" of a woman was brought in from the diaspora!

Foreign schooled n bred Nigerians appear worse than locals. NOI and this 'Shark' are proofs.

Oche211:
Greed everywhere.
Why would someone even tamper with funds meant for pension.
Don't they have conscience?

It is like their conscience is powered by PHCN. Even a TigerHead battery powered conscience would av slowed down with the looting.

Thieves everywhere...

This nation has so much bastardized billions that one begin to thing it's just something to go by!

Corruption honestly has been enshrined in the DNA of our public officers!

#toobad

IPOB yoots will soon adopt Yoab Youssoufou, Patricia Iyogun and Ruth Imonikhe as their children

They will soon start shouting victimisation

Ipob people love corruption, its in their blood

majority of woman are devil

.

Standing5:
It is like their conscience is powered by PHCN. Even a TigerHead battery powered conscience would av slowed down with the looting.

u re right. Sometimes, i imagine wht goes thru the minds of these looters .
Na really PHCN powered conscience. Very dark

jailsarakiCCT:
majority of woman are devil

Men are worse

Women no dey fear again

jailsarakiCCT:
majority of woman are devil

How many women have been named in the revealed scandals so far?

Yahoo Yahoo people controlling affairs of the Government everywhere

When I see this woman in jail, I know that the anti-corruption fight is real. For a woman who pays herself approximately 60million naira per month and still engages in fraud shows that some people are cursed! Very greedy fellow.

Jarus:


How many women have been named in the revealed scandals so far?

I think the argument should be based on the percentage women involved against total number of women in such position.

It seems there is no good one among those that Gej surrounded himself wt. They are all fraudsters, destroyers and people with no mind. They deserve no mercy at all.

this country has been bastardized by corrupt practices. Nigeria is officially the world's breeding ground for corrupt people.

What a man can do a Woman can do even Better woman i hail oh

What a man can do a Woman can do even Better women i hail oh

Where are these IPOD yoots to come and support their role models.
This is weechhunting

Standing5:
Foreign schooled n bred Nigerians appear worse than locals. NOI and this 'Shark' are proofs.

Many of them return to Naija to do things they dare not try abroad, because they see Nigeria as a zoo!
In some cases, their school fees may have been paid from a similar activity.

Jonathan really harbour rogues