Home SPECIAL REPORT QUEEN OF CORRUPTION: MORE THAN N50BILLION PENCOM FUNDS NOWHERE TO BE FOUND...

QUEEN OF CORRUPTION: MORE THAN N50BILLION PENCOM FUNDS NOWHERE TO BE FOUND UNDER AG. AISHA DAHIRU

Secret Reporters

Following investigations on the activities of the Aisha Dahiru Umar-led National Pension Commission PENCOM, more reports are beginning to emerge as it was recently uncovered that since her assumption into office on acting capacity, she has been cruising in multiple corruption alligations, including diversion of Pension funds, operation of an illegal account outside Nigeria and another questionable sum of N33billion which cannot be accounted for.

The whereabouts of the money which was released from the Central Bank of Nigeria into PENCOM account Number 0020165241027 on 28th April 2017 and another staggering sum of N22billion, sources squealed have been shrouded in secrecy with Information obtained from the office of the Accountant General of the Federation and the Central Bank of Nigeria confirming that the funds were released into PENCOM’s account.

It was discovered that the amount received from CBN never corresponded with the amount claimed to have been disbursed to Pension Administrators following the disbursement of the funds which became obscure moments after it left the CBN to PENCOM’s account, code-named “Transit Account”.

Further investigations into the uncurbed activities of the commission which has been without a board of directors for several years, revealed another likely hoax in the N9trillion so-called pension net value, alleged to be a far cry from the amount obtainable in the commission’s account.

This was established in a submission by the Nigeria Employers Consultative Association NECA, to a probe panel stating that the acclaimed N9trillion net worth of PENCOM may be far from what obtains while expressing fears that even if the amount was intact as claimed, it was not safe in the hands of the controversial Aisha Umar-led PENCOM.

Also, among many hole-and-corner activities of PENCOM is the illegal account which it operates with a top tier Nigeria bank outside the shores of the country. The account, according to investigations, is alleged to be one of the numerous phoney accounts of PENCOM which serves as a channel for illegal diversion of funds.

Despite a presidential directive for the closure of the account, information from reliable sources indicate that the account believed to be a conduit for fleecing public funds which PENCOM maintained is not connected to the commission is very much active and bubbling with financial transactions with no single way to monitor cash flows as the account domiciled in the United Kingdom is not linked to the Single Treasury Account, TSA.

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