Wednesday 28 August 2013

EFCC Detains 17 Suspects Over N1.7bn Pension Fraud


Former Executive Secretary, Oyo State Local Government Pension Board, Muili Hakeem Aderemi, and 16 others has been arrested and detained by officers of the Economic and Financial Crimes Commission,
EFCC, in connection with the stealing of N1.7 billion meant for the payment of primary school retirees in Oyo State.
The commission made this known in Abuja, yesterday. It states that members of the syndicate were picked up in separate operations by its operatives.
Those arrested are: former Executive Secretary, Oyo State Local Government Pension Board, Muili Hakeem Aderemi, and former Treasurer, Oyo State Local Government Pension Board, Iyabo Giwa.


Others were: former cashier, Oyo State Local Government Pension Board, Adeshina Jimoh Ayoade, former Internal Auditor, Oyo State Local Government Pension Board, Oguntayo Banji, and former Admin Officer, Oyo State Local Government Pension Board, Adebiyi Olasunbo Musendiq.
Also in EFCC custody 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.
According to a statement by the commission signed by its Spokesman, Wilson Uwujaren, all the pension offices in the 33 LGAs in Oyo state were affected by the scam.
Investigation showed that Oyo Pensions Board got a total of N4, 140,020,501.72 from the federal and state governments between 2010 and 2011, of which the syndicate made away with N1, 711,894,667.05.
The suspects are said to have used the illicit proceeds to acquire property and businesses in different parts of the country, which the EFCC has also confiscated.

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