The Director General of Niger State Pension Board, Alhaji Usman Tinau Ahmed has disclosed that 15 people, which includes politicians and civil servants were involved in the N5.778 billion pension fraud which occurred in the state between 2009 and 2012.
The DG also disclosed that a Committee, headed by the Deputy Governor, has been set up to retrieve the stolen pension funds from the accused persons, and any one of them who refuses to voluntarily refund the stolen pension funds will be referred to the Economic and Financial Crimes Commission (EFCC). He said the State Government will not take responsibility for this stolen pension funds and those involved must pay back.
The DG further disclosed that the decision of the State Government to re-continue the Contributory Pension Scheme (CPS) has been officially communicated to the National Pension Commission (PenCom) and PenCom has responded positively. The state resulted to switch back to the Contributory Pension Scheme (CPS) after discovery of pension fraud in the state. Read more about Niger State Pension here