Politics Maina: Prominent Nigerians Named Beneficiaries of Fresh N17bn Pension Scandal



A fresh N17bn pension scandal has been traced to ex-pension reform boss, Abdulrasheed Maina, according to The Nation.

The said cash was diverted by Maina from the N24billion budgeted by FG for payment of pension liabilities through the Presidential Pension Reforms Task Team. The money was stolen in five years from 2008 to 2013 in tranches of N2.7billion and N14.374billion respectively.

It's believed that N2.7billion was converted to personal use and N14.374billion was shared by Maina and those in the chain of pension management in different Ministries, Departments and Agencies (MDAs).

They used the guise of phantom biometric verification to perpetrate the act.

Those implicated in the pension funds bazaar in the Pension Task Force Payment Vouchers include a former Chairman of the Economic and Financial Crimes Commission (EFCC), A former Acting Chairman of ICPC, a former Inspector-General of Police, two former Heads of Service, Permanent Secretary (State House) and top directors in the civil service, 18 slush companies, some operatives of the EFCC and the National Intelligence Agency (NIA).

Other beneficiaries included some officials of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), bankers, Bureau de Change owners, family members, top officers in the Budget Office and the Office of the Accountant-General of the Federation (OAGF).


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