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Wednesday, 28 August 2013

EFCC ARRESTED 17 FRAUDSTERS IN OYO STATE FOR STEALING N1.7BILLION PENSION FUNDS.

The fraudsters numbering 17,in number  were arrested by the operative of The Economic and Financial Crimes Commission (EFCC), on Tuesday, in Oyo state.  
According to the statement issued by its spokesperson, Wilson Uwujaren, reads: “The Economic and Financial Crimes Commission, (EFCC), has arrested a syndicate of fraudsters implicated in the stealing of N1.7billion pension funds meant for retirees of Oyo State primary schools.
 “Principal suspects involved in the scam are: Muili Hakeem Aderemi, former Executive Secretary, Oyo State Local Government Pension Board and Iyabo Giwa, former treasurer, Oyo State Local Government Pension Board. Others are Adeshina Jimoh Ayoade, former Cashier, Oguntayo Banji, former Internal Auditor; and Adebiyi Olasunbo Musendiq- former Administration Officer, all of Oyo State Local Government Pension Board.
“The rest are,  Muili Adedamola; Salewa Adedeji; Kareem Rasheed; Johnson Bosede; Adeduntan Johnson; Olomide Olaide; Oyebamiji Akinlolu; Adewale Kehinde; Saka. M. Ikeola; Oluokun Funmilayo; Oyetunji Taiwo and Olujimi Philip Adebayo.
“Investigations by the EFCC showed that all the pension offices in the 33 local governments in Oyo State were affected by the scam. The Pension Board reportedly received a total sum of N4,140,020,501.72 from both the Federation Account and the Oyo State Government between September 2010 and February 2011. Out of this amount, a total cash withdrawal of N1.711, 894, 667.05 was fraudulently made by the suspects. “Items recovered from the suspects include buildings; poultry farms; power generating sets and undeveloped plots of land.

“The suspects will be charged to court as soon as investigations are concluded.”

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