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Sunday, December 16, 2012

We’ll recover missing N195bn pension fund –Reform team

The Punch - Nigeria's Most Widely Read Newspaper
Breaking News, information and opinion in Nigeria
We'll recover missing N195bn pension fund –Reform team
Dec 16th 2012, 23:00

The Pension Reform Task Team has offered to assist the Senate to recover the alleged N195bn missing pension funds.

Also, the Chairman of the team, Dr. Abdulrasheed Maina, said the panel had apart from the N221bn recovered from pension fund thieves, discovered a new secret account with well over N20bn.

Maina, who said this in an interview with newsmen in Abuja on Friday, explained that the team had the know-how to recover such  hidden funds.

He said, "We, as task team, are interested in working with the Senate to recover the N195bn because we have the expertise and technical knowledge to go after the fund and recover it.

"If it is in people's account, we will recover it and if people stole it, we will find it out. We have a track record of doing that."

He added, "Recently, we discovered that some amount of money are hidden in other accounts apart from the N221bn we sent to the government. I have not said this before because we are still under investigation.  It is over N20bn.

"This money has been hidden in some accounts that are dormant for over three years. As soon as we get through with our investigation, we will report to the Minister of Finance to instruct the Accountant-General to move the money to Central Bank where a special account is opened for such money."

The Chairman expressed sadness that the Senate Joint Committee on Establishment and  Public Service and States and Local Governments Administration, was being misled into maligning the task team.

He said, "Our detractors thought we have an account and we are keeping money. We only go to the bank, see account balance and write what we have observed. We have all the security agencies in our midst.

"We have this coordination but people don't know. They give false information to the Senate Committee and they sit down on false information without verifying.

"If you are given an assignment as a committee, I feel the first person you will look for is the person in charge of the team.

"We are the depository of the database of the civil service, we ought to have been invited first so that we can go round the country with the committee investigating management of pension fund but nobody invited us."

He added that people within the system who were feeding fat through the loopholes were those fighting hard to ensure that the team was discredited and the status quo remained.

"They want to distract us. It is not about anything but corruption fighting back," he said.

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