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Pension Fraud: Maina Must Go, Senate Insists

Pension Fraud: Maina Must Go, Senate Insists

The Senate has insisted on the implementation of the report of its investigation into the alleged pension fraud, which among others called for the sack of the chairman of the Pension Reform Task Force, Abdulrasheed Maina.

The Senate Joint Committee on Public Service and Establishment and State and Local Government Administration, which investigated the scam, said in its June 20, 2012 report that a total of N273.9billion pension funds had been misappropriated between 2005 and 2011.

Adopting the report, the Senate had resolved that the pension task force boss and all members of the team be arrested and prosecuted by the police for “embezzlement, fraud, misappropriation, misapplication, illegal virements, contract splitting, award of contracts to non-existing companies, outright stealing of police pension funds”, among others.

It also recommended that the chairman of the Pension Reform Task Force, Abdulrasheed Maina, be sacked and his team disbanded. Speaking to our correspondent on phone yesterday, the chairman and co-chairman of the committee, Senators Aloysius Etok (PDP, Akwa Ibom North-West) and Kabiru Gaya (ANPP, Kano South) respectively said the Senate would not relent in its bid to see the resolutions implemented.

“The resolutions passed last June by the Senate on the report of our investigation into pension fund mismanagement are sacrosanct and must be implemented by the executive”, Etok said. Etok said his committee had given Maina enough opportunity for fair hearing in the recent investigation into the fresh N195 billion pension scam, “but he refused to come on several occasions”.

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