Kogi uncovers multi-billion naira pension fraud

Kogi uncovers multi-billion naira pension fraud

- The Kogi state government said it has uncovered a huge fraud in the pension administration under the two administrations in the state

- Governor Yahaya Bello, upon assuming office ordered a comprehensive audit of pension funds in the state

- Bello has vowed that those who were found guilty would be prosecuted

A multi-billion Naira pension fraud perpetrated under the past administrations in Kogi state has been uncovered.

The state government has said that an audit report over the alleged fraud said it stood at over N4.3 billion and was perpetrated between 2010 and 2015.

The director of media and publicity to the governor of the state, Kingsley Fanwo, said the report showed that the past administration was diverting pension and gratuity funds to private accounts, using names of unintended beneficiaries to the detriment of pensioners in the state.

The report was a review between 2010 and 2015, Tribune reports.

Fanwo said the present governor, Yahaya Bello, upon assuming office ordered a comprehensive audit of pension funds in the state.

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He said the audit report revealed that there had been a huge fraud in the pension administration under the two administrations in the state. Fanwo added that the governor had vowed that those who were found guilty would be prosecuted.

He said: “His Excellency Alhaji Yahaya Bello has expressed disappointment over the unfortunate diversion of pension funds during the last two administrations in the State. He has found it very hard to understand how people put in authority could punish the senior citizens of our dear State by diverting monies meant for their pensions and gratuities into private pockets.

“To this end, the Governor has directed the publication of the full reports, promising that anyone found culpable will be prosecuted to explain their heinous crimes against innocent pensioners in the state.

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“The present administration in the State is fighting corruption. To move forward, we must clean up our corrupt past and redeem whatever we can to instill discipline in the system and confidence in our people’s minds. We will never condone acts of corruption.

“We have been repaying bonds that were either stolen or misapplied. We are repaying loans that were taken and stolen outrightly by the previous administrations. These are the things affecting our liquidity as a state."

Meanwhile, NAIJ.com previously reported that the Nigerian Senate has been carpeted by the governor of Kogi state for describing him as a threat to democracy.

Bello made his comments via his director general, media and publicity, Kingsley Fanwo, in reaction to the Senate’s plenary of Wednesday, March 7.

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He also said he was condemned by lawmakers for allegedly being involved in the attack on Senator Ahmed Ogembe in Okene, Kogi state.

Should the Nigerian Senate be scrapped? - on NAIJ.com

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Source: Naija.ng

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