THE Economic and Financial Crimes Commission (EFCC) said it had probed pension frauds to the tune of N157 billion.
The agency said urgent reform was needed to deliver an efficient, effective and sustainable pension administration system in the country.
The Director of Operations EFCC, Adulkarim Chukkol, disclosed this at a two-day sensitisation programme on the theme: ‘Eradication of Pension Fraud in Nigeria,’ in Abuja on Tuesday.
He vowed that the EFCC would bring those who embezzled pension funds to justice.
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According to a report, Economic and Financial Crimes Commission, Tuesday disclosed that the Anti-graft agency has convicted pension frauds to the tune of N157 billion.
Director of Operations EFCC, Adulkarim Chukkol disclosed this at a Two-day sensitization programme on the theme: “Eradication of Pension Fraud in Nigeria,” where he said the Commission has probed over N157 billion pension scam.
He said many more will unfold as the Commission is ever ready to bring those who embezzle pension funds meant for pensioners to justice.
Meanwhile, EFCC Chairman, Abdulrasheed Bawa, reiterated that the soul objective for the initiative is for Nigeria to have a pension system that is transparent, accountable and responsive to the needs of the most important and vulnerable stakeholders.
It was earlier that, the Economic and Financial Crimes Commission (EFCC) said it had probed pension frauds to the tune of N157 billion.
The agency said urgent reform was needed to deliver an efficient, effective and sustainable pension administration system in the country.
The Director of Operations EFCC, Adulkarim Chukkol, disclosed this at a two-day sensitisation programme on the theme: ‘Eradication of Pension Fraud in Nigeria,’ in Abuja on Tuesday.
