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EFCC secures convictions of fraudsters who stole N157 bln from Pension Fund

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The Economic and Financial Crimes Commission (EFCC) on Tuesday said that it has secured the conviction of people who stolen a total of N157 billion from the nation’s pension fund.

Director of Operations EFCC, Adulkarim Chukkol, who spoke at a Two-day sensitization said “where he said the Commission has probed over N157 billion pension scam.

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He said many more will unfold as the Commission is ever ready to bring those who embezzle pension funds meant for pensioners to justice.

However, Chukkol did not disclose if the money stolen was recovered by the commission in the course of the trial.

On his part, the EFCC Chairman, Abdulrasheed Bawa has reiterated that the sole objective for the initiative is for Nigeria to have a pension system that is transparent, accountable and responsive to the needs of the most important and vulnerable stakeholders.

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