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Ex-Government Official, Shuaibu Suffers Asset Forfeiture over N 4.56 Billion Pension Scam

By on March 27, 2012

Dr. Sani Teidi Shuaibu, former Director, Pension Administration in the Office of the Head of the Civil Service of the Federation has been relieved of choice commercial and residential property in Kogi and Abuja and other environs following the order of Justice Adamu Bello of the Federal High Court in Abuja.

The properties seized by the Economic and Financial Crimes Commission (EFCC) are  (a) No 24, Ahmadu Musa Crescent, Jabi, Abuja;  (b) Brefina Hotel at plot 1106 (Beside MTN) warehouse, adjacent Vines Hotel, Durumi, Abuja;  (c) A house at No 1, Shuaibu Close, opposite Governor’s House, Idah; (d) Riba-ile Petroleum Ltd; (e) M.R.S Ajaka (registered as Riba-Ile Oil Ltd; (f) MRS Idah station, Idah, registered with Hammo Oil, Nigeria; (g) NNPC Mega station, Idah junction, Ayingba, registered with Hammo Oil, Nig. Ltd. (h) MRS Filling Station at Ganaja, Lokoja; (i)Registered with A.Y Ted Oil Ltd; (j) A mansion at Idah, opposite Federal Polytechnic, Idah; (k) SunTrust  Properties Company Ltd; (l) Plot B59, Dawaki Extension Layout, Bwari Area Council, Abuja; (m) an estate of about 10 bungalows, lying and being at Dantata Street, Nyanyan, FCT, Abuja.

Shuaibu is accused with his accomplices, Mrs. Phina Ukamaka Chidi, Aliyu Bello, and 29 others of a 134-count charge of diversion of Pension funds, abuse of office and using ghost pensioners to siphon  N2 million and N3 million into their accounts monthly.

Chidi was the Director of Finance and Accounts under Shuaibu, whilst Aliyu Bello was his personal assistant.

Also accused are Garba Abdullahi Tahir; Emmanuel Olanipekun, Abdullahi Omeiza, Computer Plaza; Essential Gadget Ventures; Mobis Point Investment Ltd; Obista Enterprises; Shallow Well Ventures; Mof Investment Ltd; Zumba Resources; Pam Investment and Properties Ltd; Moshfad Enterprises; Newgate Projects Ltd and RedWings Energy Ltd.

Others are RedWing Procurement Services Ltd; Woodland Industries NIG Ltd; Nwab Tessy O Enterprises Nigeria; Chris J. Junior Ventures; Uthaka Nigeria Ltd; Bashinta Nigeria Ltd; Haleath Enterprises; Gozinda Enterprises; Omozua Ventures; S.S Badejo Enterprises; Lopee Ventures; Fafama Oil and Gas Ltd; Fafama Estate Developer Ltd; and Riba-Ile Petroleum.

Count one of the 134 charge reads, “That you Dr. Shaiubu Sani Teidi, Phina Ukamaka Chidi, Computer Plaza, Essential Gadget Ventures, Mobis Point Investment Ltd, Obista Enterprises, Shallow Well Ventures, at various times, between 2008 and 2010 within the jurisdiction of this honourable court, conspired among yourselves to induce the Pension Department, Office of the Head of Service of the Federation of Nigeria, to deliver to you, various sums in the aggregate N176, 910, 650 (One hundred and seventy six million, nine hundred and ten thousand, six hundred and fifty naira) property vide the medium of a contract induced by false pretences, thereby committing an offence contrary to Section 8(a) of the Advance Fraud and other Fraud Related Offences Act, 2006 and punishable under Section 1 (3) of the Advance Fee Fraud and other Fraud Related Offences Act, 2006.”