Fraud & Corruption Galore: N151bn Fraud In Pensions! - Politics - Nairaland
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| Fraud & Corruption Galore: N151bn Fraud In Pensions! by canuck(m): 6:12pm On Jan 20, 2012 |
EFCC Joint Task Force Ends N 151 billion Pension Fraud A joint task force of forensic experts from the Economic and Financial Crimes Commission (EFCC) and the Pensions Reform Task Force has revealed a N 151 billion fraud ongoing in pension offices across the country. The Chairman of the Pension Reform Taskforce Committee, Mr. Abdulrasheed Maina disclosed this at a courtesy visit to the Acting Chairman, EFCC, Ibrahim Lamorde. According to Maina, over N 39 billion worth of properties bought with the proceeds of the graft have been recovered. Also several bank accounts with a combined value of N 180 million were revealed and impounded. Majority of the graft was traced to corrupt officials in the Pension unit of the Office of the Head of Service, in a testament to the rot of corruption that is ever pervasive in the system. Maina lambasted the fraud in the pension scheme, stating pensioners were suffering not because of lack of funds but“due to large scale corruption through diversion and mismanagement of pension fund, manipulation and falsification of data, non-improvement in the pension administrative structure, and bureaucracy with poor, unreliable and inefficient accounting system”. The EFCC chairman has vowed to prosecute the 42 corrupt government officials found to be members of the fraud cartel. “We hope the prosecution will serve as deterrence to those who may wish to get into this callous and inhuman venture,” said Lamorde. He also said efforts were ongoing to bring more perpetrators to justice. Maina, also disclosed that the implementation of the biometric system in the Pension scheme had led to the detection of over 71, 000 fake pensioners. Source: http://businessnews.com.ng/2012/01/20/efcc-joint-task-force-ends-n-151-billion-pension-fraud/ |
| Re: Fraud & Corruption Galore: N151bn Fraud In Pensions! by jacobs123(m): 9:23pm On Jan 20, 2012 |
all this while elderly men and women travel across the country to queue for less than 50,000 naira and some even lose their lives on these endless journies. I hope some people will be punished or its just GO AND SIN NO MORE! |
| Re: Fraud & Corruption Galore: N151bn Fraud In Pensions! by jamace(m): 9:58pm On Jan 20, 2012 |
Imagine that!  Workers are suffering untold hardship because of poor pension yet some are still stealing from the purse. What a corrupt and cursed country.  |
| Re: Fraud & Corruption Galore: N151bn Fraud In Pensions! by Wily1Wily: 10:02pm On Jan 20, 2012 |
They are all members of NLC |
| Re: Fraud & Corruption Galore: N151bn Fraud In Pensions! by DisGuy: 10:05pm On Jan 20, 2012 |
According to Maina, over N 39 billion worth of properties bought with the proceeds of the graft have been recovered. Also several bank accounts with a combined value of N 180 million were revealed and impounded. these accounts can be traced to people, they should name them |
| Re: Fraud & Corruption Galore: N151bn Fraud In Pensions! by canuck(m): 11:51pm On Jan 20, 2012 |
Dis Guy: They rarely do so - What they do is share the loot among the panel and enforcers; shikena! |
| Re: Fraud & Corruption Galore: N151bn Fraud In Pensions! by DisGuy: 12:07am On Jan 21, 2012 |
the former finance minister also said the same thing, x thousands of ghost workers, even the current minister is saying the same thing the normal question is where,who,which account is this money being paid into, surely there are people in the HR, Accounts dept making this payment why not arrest them to explain who,where they are paying them monies to? http://www.tellng.com/index.php?option=com_k2&view=item&id=454:the-greedy-ghosts&Itemid=120 |
| Re: Fraud & Corruption Galore: N151bn Fraud In Pensions! by hbabe(f): 9:41am On Jan 21, 2012 |
So much corruption in our country!! Imagine stealing money meant for elderly people! Na wa o! Is there any sector free frpom corruption in Nigeria? |
| Re: Fraud & Corruption Galore: N151bn Fraud In Pensions! by Amjustme: 11:02am On Jan 21, 2012 |
Chei!!! |
| Re: Fraud & Corruption Galore: N151bn Fraud In Pensions! by jamace(m): 1:16pm On Jan 21, 2012 |
If the govt does not fight corruption this trend of "steal anything stealable under your care" will not stop and Nigeria will head no where. Very sad situation. |
| Re: Fraud & Corruption Galore: N151bn Fraud In Pensions! by Nobody: 1:43pm On Jan 21, 2012 |
I think congratulations are in order, to the esteemed gentlemen & ladies of the EFCC. They've just opened another stream of revenue for themselves and their families. |
| Re: Fraud & Corruption Galore: N151bn Fraud In Pensions! by destones: 8:59pm On Jan 21, 2012 |
The loot recovered were being paid into Federation account for information. |
| Re: Fraud & Corruption Galore: N151bn Fraud In Pensions! by jamace(m): 9:57pm On Jan 21, 2012 |
I think congratulations are in order, to the esteemed gentlemen & ladies of the EFCC. They've just opened another stream of revenue for themselves and their families.Expantiate. |
| Re: Fraud & Corruption Galore: N151bn Fraud In Pensions! by member479760: 4:24am On Jan 22, 2012 |
Let the Goat reverse the fuel subsidy, fight corruption and return the 3% oil revenue going to his and his love partners pocket |
| Re: Fraud & Corruption Galore: N151bn Fraud In Pensions! by Nobody: 6:08am On Jan 22, 2012 |
 i laugh in derision. when it will happen again next year and they will flash this type of news before us again, chai! suffering and smiling nigerians . abeg Jonathan should resign jor! |
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