The Pension Office of the public service is under investigation over
an alleged diversion of pension fund running into billions of naira.
Nigerian Tribune findings revealed that the fresh discovery of fund
diversion is coming a few months after a similar fraud was unearthed
when over one billion naira pension fund was discovered in private
accounts.
The Presidency had, on a tip-off last month, commenced investigation
of fund management in the civil service pension office, a development
said to have revealed widespread fund mismanagement and diversion.
A source disclosed that the coordinating minister for the economy, Dr
Ngozi Okonjo-Iweala, is overseeing the investigation reportedly being
discreetly handled to minimise public image crisis for the government.
It was further learnt that to get to the root of the matter, a
multi-national audit firm (names withheld) was engaged to audit the
account of the pension office with preliminary reports pointing to
massive systemic fraud.
While the audit company has not submitted its final report, Nigerian
Tribune was told that plans are afoot to summon some past and current
officials to explain their roles in the alleged disappearance of
billions of naira from the pension office.
Source
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