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Over N23bn Pension Funds Lost In 40 Bank Accounts – ICPC

The Independent Corrupt Practices and Other Related Offences Commission, ICPC, has revealed that the Commission consolidated the pension funds accounts into four and was also able to recover N496million in accrued interests on one of the accounts, with over N23 billion ‘lost’ in 40 bank accounts across the country.

Disclosing this on Thursday at the maiden town hall meeting of the ICPC in Makurdi, the Benue capital, Chairman of the Commission, Mr. Ekpo Nta, represented by a staff of the ICPC, Alhaji Isa Salami, said the Commission discovered that the National Pension Commission, PENCOM, was not remitting deductions from employees’ salaries to their respective Retirement Savings Accounts, RSAs, owing to inaccurate information.

“With the intervention of ICPC, the sum of N34.5 billion has been remitted to 97, 842 employees’ RSAs,” he noted, revealing that while conducting systems review of personnel cost expenditure profile across Ministries, Departments and Agencies, MDAs, over a period of four years, ICPC compelled the return of over N6 billion unspent balances into government treasury.

The ICPC Chairman urged Nigerians to support the renewed onslaught against the ‘monster’ called corruption because “it is by so doing the menace can be driven down and eventually eliminated from our country.”

The Govenor of the state, Samuel Ortom, represented by his deputy, Mr. Benson Abounu, urged all political office holders in the country to strive to ensure that they never became guests of the ICPC after office.

Ortom lamented that the state was facing the most difficult times due to corruption and the squander of the state resources by the past government.

In their separate speeches, the Tor Tiv, Chief Alfred Torkuka and Ochi Idoma, Elias Obekpa pledged the support of traditional rulers in the state in the fight against corruption nationwide.


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