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Pension: Allegation of missing N24bn false, malicious – Okonjo-Iweala

By on March 22, 2014

The Coordinating Minister for the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala, has described the allegations by the Chairman of the House of Representatives Committee on Public Accounts, Hon. Solomon Olamilekan that N24bn was missing from the Police pension account as “ridiculous and false.”

The minister in a statement issued on Friday night by her Special Adviser Communications, Mr Paul Nwabuikwu, said the money was not missing adding that it is an irony that the Committee Chairman is attacking the minister for taking action to ensure that public money was not stolen, but put back into the treasury where it belongs.

The statement reads, “It is unfortunate that the Chairman has persisted in using his privileged platform to disseminate such distortions even though the Minister has repeatedly explained to the Committee that the money was an overpayment based on the demands of those trying to steal from pension funds which was successfully blocked and the money returned to the treasury by the minister.

“This persistence in peddling this untruth suggests that this is yet another attempt to tarnish the image of the Minister for partisan political reasons and to take public attention away from the positive efforts to reform the historically problematic pensions sector.

“It is indeed a sad irony that the Committee Chairman is attacking the Minister for taking action to ensure that public money was not stolen, but put back into the treasury where it belongs.”

The statement also stated that the amount in question was returned to the treasury well before the DG of Pension Transitional Arrangement Department was appointed adding that the effort to use her to confirm that the amount is missing is contrived and deceptive.

“The Minister is currently out of the country but she is ready and willing to take up the challenge posed by the Committee Chairman for a public discussion on the issue.

“Beyond this issue, she also looks forward to the opportunity to throw light on the status of pension reforms and the Federal Government’s efforts to fix the problems of the sector in a sustainable way,” it concluded.

 

 

[Punch]