Pension Scam: Another N20 Billion Discovered In Dormant Accounts

Just when Nigerians thought the mind boggling discoveries of fraud bedeviling the nation’s pension was over, the chairman, Pension Reform Task Team, Dr. Abdulrasheed Maina, has diclosed that it had found another N20 billion in stolen pension funds.

dr abdulrasheed maina
Dr. Abdulrasheed Maina

Maina while speaking during an interview with journalists yesterday in Abuja, said the funds were hidden in some dormant accounts in some banks but said no reports have been made to the authorities concerned because investigations are still ongoing.

His words: “Recently, we discovered some money hidden in other accounts, apart from the N221 billion we have recovered and sent to the government.

“I did not disclose this earlier because we are still under investigation. The money is over N20 billion.

“The amount has been hidden in some accounts that are dormant for over three years… As soon as we get through with our investigation, we will report to the Minister of Finance to instruct the Accountant-General to move the money” he said.


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