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Pension Fraud: Maina to resign after N3 trillion stolen funds are recovered

By on December 31, 2012

Abdulrasheed Maina

The Chairman, Pension Reform Task Team, Abdulrasheed Maina on Saturday said he will resign his position as the Chairman of PRTT as soon as the N3tr is recovered.

Speaking with reporters in Abuja on Saturday, Maina said Pension thieves were out to frustrate his efforts and that of his team.

Maina commended the Senate committee probing the pension administration for its job, but faulted them for not giving his team fair hearing.

Commenting on his problems with the senate committee, he said they had no personal issues, stressing that it was caused by misinformation. In his words, “Members of the committee are highly respected persons but the issue of bias against the committee has been lodged and we are sure by the time the Senate President comes in contact with that letter, he will protect the constitutional provisions of fair hearing to all the parties.”

Maina said, “Right now, we are pursuing something on N3tr pension funds. We don’t want anything to jeopardise our investigations. Our officers have gone far.

“We are talking about stolen cash worth N3tr. In addition, as soon as the money is recovered, I will quit this job. I do not want it. Let other people continue because only then people will understand the difference.

“If you are here and you are doing well for humanity and somebody comes and something happens then people will now understand the difference. I am only fighting for the country and our children.

“We are aware of the fact that there is about N3tr already in the pension system which PENCOM is sitting on.

“That N3tr if it is made available to state governments, our governors won’t have reason to go abroad to take any loan to fund infrastructure development.

“What I am saying is that if these monies can be well managed, it would be available for governors to borrow and be able to pay like 10 per cent interest when they are returning it unlike the current situation that is available with the pension system in the country.”