N2.6 billion pension scam discovered in Oyo state

Channels Television  
Updated August 3, 2012

The Oyo State government has discovered a pension fraud in its Local Government Service Pensions Board totaling the sum of N2, 608,398,709.29.

Chairman of the Pension Board at the Local Government Service Commission, Alh. Lasisi Ayankojo who made this startling disclosure during a press conference at the local government service commission said the money was drawn by 5 people within the commission between September 2010 and January 2011.

According to him, the interim investigative report of the commission into the account of the board unearthed the 2.6 billion fraud indicted 10 civil servants, out of which 8 are in police custody.

The Police PRO Oyo Command, Mrs. Bisi Ilobana for who confirmed that 7 people are in police custody said the former executive secretary of the board and the director of finance have been given 2wks to return to the state or be declared wanted.

Ayankojo told journalists that Governor Abiola Ajimobi ordered investigations into the complaints by retired local government workers and teachers that they were not paid their pension.

He disclosed that the investigation revealed that five people led by the former Executive Secretary Alh. Aderemi Muili and the Director of Finance Mrs. Iyabo Giwa withdrew a whooping sum of over N2.6 billion with cheques in their names.