It has been reported that the Economic and Financial Crimes Commission, EFCC, has made it known that it has probed and also prosecuted pension frauds involving N157bn from 2016 to 2020.
This was reportedly disclosed by the EFCC Director of Operations, Abdulkarim Chukkol, during a two-day sensitisation programme on the theme, ‘Eradication of pension fraud in Nigeria’, in Abuja on Tuesday,
Chukkol stated that, “In the last 10 years or so, Nigeria has been awash with pension news. Although it is a global problem, but Nigeria, has taken the centre stage in the last 10 years.
He made it known that, “In 2016, because of the growing number of petitions that we are having, EFCC now created a unit called the Pension Investigation Team. From 2010 to 2016, we received over 21 petitions all over involving N111bn. These are as alleged.”
Meanwhile the EFCC chairman, Abdulrasheed Bawa, reportedly stated that, “At the EFCC, we found that a significant chunk of the cases we encountered while investigating workplace crime is inexorably linked to the desperate efforts of the worker to escape the pitiable conditions he sees of today’s retirees.”