Pension fraud: Niger fingers 15 officials behind N5.778bn missing pension fund

About 15 persons have been fingered in the N5.778bn missing pension contribution in Niger state from 2009 to 2012.

The state Director General of Pension Board, Usman Muhammed, made this known in Minna on Wednesday while announcing the resumption of the state to Contributory Pension Scheme.

Recall that the state suspended the scheme in 2015 because of what it described as pressure on the then administration in the state.

“A forensic audit report has confirmed that N5.778bn pension fund is missing and this was because the money did not pass through the pension board.

“Fifteen people were also mentioned in the report and anybody identified will be invited for discussion on the matter. We will talk to the people so that the state asset can be recovered from them. The matter will also be referred to Economic and Financial Crime Commission for further investigation,” Muhammed said.

He said the CPS guaranteed that at the end of retirement employees would get their entitlement and monthly pension promptly.

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