Monday, 10 September 2018

Kogi State Govt dismisses N4.3bn pension fraud

Kogi State Government said it has committed a N4.3 billion pension fraud 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 governor of the state, Mr. Kingdsley Famwo, who stated this during the weekend, said that the fraudulent acts were revealed through an auditing exercise by a private auditor commissioned by the state governor, Yahaya Bello.

Fanwo said that the audit report shows that the syndicate has redirected the pension and tip funds to private accounts, using names of unintended beneficiaries at the expense of pensioners in the state.

He said: "In the assumption of Office, the governor of the state, Alhaji Yahaya Bello, was impacted by the level of unpaid pensions in the state, a comprehensive audit of pension funds in the state.

The disclosures of the Audit were baffling and revealed the gigantic fraud in the pension administration among the two administrations in the state. '

Fanwo said that the governor saddened by the development immediately ordered those who were found guilty to be prosecuted, "His Excellency, Yahaya Bello has expressed disappointment at the unfortunate diversion of pension funds during the last two governments in the state. found to understand how people can provide authority that can punish the elderly of our esteemed state by turning funds for their pensions and gifts into private property.

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