Monday, September 10, 2018

Kogi State Government Uncovers N4.3bn Pension Fraud... To Prosecute Offenders

Kogi State Government said it has uncovered a N4.3 billion pension fraud perpetrated under the administrations of former Governors of the State, Ibrahim Idris and Captain Idris Wada between 2010 – 2015.

The Director General, Media and Publicity to the state governor, Mr. Kingdsley Famwo who stated this over the weekend said the fraudulent acts was revealed through an Audit exercise embarked upon by private auditor mandated by the state governor, Yahaya Bello.

He said, “On assumption of Office, the Executive Governor of the State, Alhaji Yahaya Bello, miffed by the level of unpaid pensions in the state, ordered a comprehensive audit of pension funds in the State. The revelations of the Audit has been mind-boggling, revealing the humongous fraud in the pension administration under the two administrations in the State.”

Fanwo said the Governor who is saddened by the development has ordered immediately that those found guilty be prosecuted.

“His Excellency, Yahaya Bello has expressed disappointment over the unfortunate diversion of pension funds during the last two administrations in the State. He has found it very hard to understand how people put in authority could punish the senior citizens of our dear State by diverting monies meant for their pensions and gratuities into private pockets.