The
Economic and Financial Crimes Commission, EFCC, has arrested a
syndicate of fraudsters implicated in the stealing of N1.7billion
pension funds meant for retirees of Oyo State Primary Schools. The
fraudsters numbering 17, were arrested separately by operatives of the
Commission.
Principal suspects involved in the scam are: Muili Hakeem Aderemi- former Executive Secretary, Oyo State
Local Government Pension Board and Iyabo Giwa- former Treasurer, Oyo
State Local Government Pension Board. Others are Adeshina Jimoh Ayoade-
former Cashier, Oyo State Local Government Pension Board; Oguntayo
Banji- former Internal Auditor, Oyo State Local Government Pension Board
and Adebiyi Olasunbo Musendiq- former Admin Officer, Oyo State Local
Government Pension Board.
The rest are: Muili Adedamola; Salewa Adedeji; Kareem Rasheed;
Johnson Bosede; Adeduntan Johnson; Olomide Olaide; Oyebamiji Akinlolu;
Adewale Kehinde; Saka. M. Ikeola; Oluokun Funmilayo; Oyetunji Taiwo and
Olujimi Philip Adebayo.
Investigations by the EFCC showed that all the pension offices in the
33 Local Governments in Oyo state were affected by the scam. The
Pension Board reportedly received a total sum of N4,140,020,501.72( Four
Billion, One Hundred and Forty Million, Twenty Thousand, Five Hundred
and One naira, Seventy Two kobo only) from both the Federation account
and the Oyo State Government between September 2010 and February 2011.
Out of this amount, a total
cash withdrawal of N1.711, 894, 667.05 ( One Billion,
Seven Hundred and Eleven Million, Eight Hundred and Ninety Four
Thousand, Six Hundred and Sixty Seven Hundred naira and five kobo only)
was fraudulently made by the suspects. Items recovered from the suspects
include buildings; poultry farms; power generating sets and undeveloped
plots of land
EFCC has stated that the suspects will be charged to court as soon as investigations are concluded.
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