SHOCKER! Kogi Uncovers N4.3 Billion Pension Fraud
Every labourer deserves their wages and their savings in the form of pensions must not be denied.
That, however, is not the case in Kogi State where the Government has revealed that they have uncovered multi-billion Naira pension fraud perpetrated under the past administrations.
According to the government, an audit report over the alleged fraud said it stood at over 4.3 billion and was perpetrated between 2010 and 2015.
Alhaji Ibrahim Idris and Captain Idris Wada were governors during the period under review.
The director general of media and publicity to the governor, Kingsley Fanwo, said the report showed that the syndicate was diverting pension and gratuity funds to private accounts, using names of unintended beneficiaries to the detriment of pensioners in the state.
On assumption of office, the governor of the State, Yahaya Bello, ordered a comprehensive audit of pension funds in the State.
Fanwo said the revelations of the audit have been mind-boggling, revealing the huge fraud in the pension administration under the two administrations in the State.
He, however, said governor had vowed that those who were found guilty would be prosecuted.
The governor’s spokesperson described the development as shocking, saying the Governor is “sad” over the incident.
“His Excellency Alhaji 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.
“To this end, the Governor has directed the publication of the full reports, promising that anyone found culpable will be prosecuted to explain their heinous crimes against innocent pensioners in the state” Fanwo said.
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