A monumental fraud involving the embezzlement of monies running into millions of naira belonging to the Nigerian Ports Pensioners' Ventures allegedly by the current board of the Nigeria Ports Authority Pensioners' Welfare Association is threatening to put the retirees at loggerheads with one another, investigations by Premium Times have revealed.

The Nigerian Ports Pensioners' Ventures Limited, a limited liability company wholly owned by the Nigerian Ports Authority Pensioners and their branches, is an entity distinct from the Nigerian Ports Authority Pensioners' Welfare Association by way of purchase of shares of the former by members of the latter.

Between 2009 and 2011, a series of withdrawals from the Pensioners' Ventures Union Bank Account No. 010120000535 allegedly by the board of the Pensioners' Welfare Association headed by Oweibena Atie effectively threw the company into insolvency.

Read more at: http://premiumtimesng.com/news/3996-fraud_allegations_tear_npa_pensioners_apart.html

Petition and invite EFCC,

That's all we got in a nation ruling by thief's and morons.