Nigeria: Govt Official Caught Hiding N2 billion Cash In His House

The chairman, Pension Reform Task Team, Mr Abdulrasheed Maina, shocked officials of Independent Corrupt Practices and Other Related Offences Commission (ICPC) on Thursday with the revelation of how the pension reform task team caught a high ranking civil servant in the pension unit at the office of the Head of Service with of N2 billion stashed in his private residence.

The Head of Pension Reform Task Team said this at the ICPC national headquarters while giving updates on the progress by the team in recovering looted pension funds, disclosing that the team had recovered the total sum of N151 billion meant to have been looted by officials responsible managing the pension funds.

Mr. Maina also narrated how another civil servant was caught with ’a pile of dollars’ in his house.

He emphasized that some government officials had over the years been involved in senseless looting of the pension arrears of helpless retirees, many of whom had died while many others were stricken with ailments arising from denial of their pensions by government officials.

He said the offenders had been arrested and were already undergoing the process of prosecution.

According to him, the Federal Government has confiscated the properties those arrested bought with looted funds, including private buildings, offices, hotels, shopping malls.

Mr. Maina also added: “The task force team, in conjunction with the EFCC, traced and recovered about N24billion and N15billion worth of property from some corrupt government officials in the Office of the Head of the Civil Service Pension Department. Sixty-six illegal bank accounts with N180million were also discovered.

“We are grateful to the EFCC for its assistance in this regard.”

A statement by the Head of Media and Publicity of the EFCC, Wilson Uwujaren, said the task force chairman noted that pensioners have been suffering due to paucity of funds.

He said the team, since its inauguration in June 2010, has realised that mismanagement and graft had brought misery to pensioners.

  1. Eyam Reply

    We shall be rid of corruption some day… soon.

  2. P.Scully Reply

    Why is it that pensioners and retirees seem to always be targeted.

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