The Chairman of PRTT, Dr. Abdulrasheed Maina, who spoke with reporters in Abuja, said the stolen funds were hidden in some dormant accounts in some banks.
Maina also said he wrote a protest letter to Senate President David Mark to explain why he was uncomfortable to appear before the Joint Senate Committee on Establishment, Public Service and State and Local Government probing the management of pension funds.
He said he had not reported the discovered funds to the appropriate authorities because investigation was ongoing.
Said he: “Recently, we discovered some money hidden in other accounts, apart from the N221 billion we have recovered and sent to the government.
“I did not disclose this earlier because we are still under investigation. The money is over N20 billion.
“The amount 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.”
On the alleged missing N195 billion pension funds, Maina said the Senate committee, which made the allegation, got it wrong.
He said: “The recent noise over N195 billion was wrong.
“In the budget, there is what they call proposed budget, which means what a ministry proposes to spend in a year.
“There is also what they call an envelope; government looks at a ministry and says, we can only give you this amount and whatever is approved goes back to the Accountant- General for them to release what is approved in the envelope.
“Then, somebody is alleging that N195 billion is missing.
“We, as a task team, are interested in working with the Senate to recover the money because we have the expertise and technical knowledge to go after it and recover it.
“If it is in people’s account, we will recover it and if people stole it, we will find them out.
“We have a track history of doing this. But first, people must understand the difference among proposals, envelopes and releases.”
Lamenting that “all you see and hear is corruption fighting back,” the PRTT boss said: “We’ve not entered the Nigerian Railway Corporation, Power Holding Company of Nigeria (PHCN), Ministry of Education and other places. But see how much we have recovered.”
The Nation
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anyway this is good but the best we want is people getting their money 100% after leaving work. not 25% six month after leaving work,then up to 75% when u attain age of 50 or 60. this unGODLY and a big fraud on its own.
ReplyDeleteBillions of Naira in Dormant account why pensioners are dying of hunger .
ReplyDeleteKudos Dr Abdulrasheed and his team on this.
Na wa for this country .
No system
...This is just sad to hear, even last week my own father came back for an exercise concern the pension not been paid for five years,evil is much in d land, people stolen money belonging to other people so dat dey live to suffer ..haa,God await everyones did and action.what become of the people whoes money still runing in d pension schem..is there hope after they retire.
ReplyDeletewhy not share this cash to the hundred and fifty million nigerians and keep the remaining for other purpose.na wah oh this country.
ReplyDeletewe don't know what they want exorbtant money for, after their salary and the bonus stop it because you soon die.
ReplyDeleteWhat goes around, comes around. Those doing this will sure die miserably because they hv made other people's life miserable. A word is enough for the wise!
ReplyDeleteGod! Y not act fax b4 all d pensioneers pass awy out of dis cronic, malicious, criminal as well as babaric act of dis pple. Dis country is jex a mest. I ws praying on d 21 12 2012 d end of mayan calender oda wise knw as d doomsday, dat if d world wunt com 2 an end, @list let's naija b wipe out by the dark comet. My jex so tire of 9ja
ReplyDelete