Tuesday 18 December 2012

Cabal stole N3.3trn pension fund – Maina

About N3.3 trillion pension fund stolen by cabals in various government agencies has been uncovered by the Presidential Pension Reform Task Team, chairman of the team, Abdulrasheed Maina, has said.
He told State House correspondents in Abuja that the team would soon publish names of the agencies and the people involved in the scam.
“I want to tell you that what we have uncovered will surprise Nigerians. We have found that pension fund up to N3.3 trillion was stolen by the cabal and we are going to recover all the money,” he said.
He said the task force had also recovered about N221 billion and deleted 71,135 ghost pensioners from the civil service list, adding that N74 billion of the N181 billion discovered has been mopped up for utilization in the 2012 budget.
He said the task force had conducted biometrics for 170,000 pensioners, established e-pension management system, pioneered the payment of pensioners in the Diaspora and introduced smart cards to eliminate physical verification of pensioners.
Maina also spoke on his running battle with the Senate Joint Committee on Establishment, Public Service, States and Local Government Administration, saying that the task force has no connection with the missing N195 billion pension funds in the military, police and Department of State Security.
He said it is impossible for anybody to hold the task team responsible for the missing pension funds because the team does not control or approve the utilisation of the finances of the pension offices of the military, police, DSS and the Customs, Immigration and Prisons Pension Office (CIPPO).
He said the Senate committee is biased against the task team, stressing that “the committee is unfair to us because they have taken sides with the cabal against those of us that are fighting corruption in the system.
“That is why I wrote a protest letter to the Senate President to complain how the committee is biased. They don’t allow us to answer questions because they will insist on yes or no as answer and that is unfair.”

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