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15 individuals fingered in N5.778bn lacking pensions fund in Niger

No fewer than fifteen individuals were indicted within the N5.778 billion lacking Pension Contribution fund in Niger State from 2009 to 2012.

The Director-Basic, Niger State Pension Board, Alhaji Usman Tinau Muhammed, who published this throughout a press briefing to announce the resumption of the state to Contributory Pension Scheme (CPS) in Minna stated the topic would even be referred to the Financial and Monetary Crimes Fee (EFCC) for additional investigation.

He disclosed that the ones whose names gave the impression at the file can be invited for dialogue in an effort to get better the state’s property from them.

Muhammed stated, “forensic audit file has showed that N5.778bn pension fund is lacking and this used to be since the cash didn’t move during the pension board. Fifteen other people have been additionally discussed within the file and anyone known can be invited for a dialogue at the topic.”

It could be recalled that the state in 2015 suspended the scheme because of power at the then management of Governor Muazu Banagida Aliyu within the state.

The scheme used to be, on the other hand, resumed by way of the prevailing management, consistent with him, for the good thing about the employees.

He defined that the state determined to renew the scheme following a advice by way of a committee arrange by way of the state govt headed by way of the Deputy Governor.

The Director-Basic, talking additional at the resumption of CPS, stated the previous pension scheme had a large number of demanding situations however, the CPS assured that on the finish of retirement workers are certain of having their entitlement in a lump sum and per 30 days pension promptly as smartly.

“Deduction for the CPS begins from JUNE 2020 and the machine exempts the ones workers from 1992 downward which means that it is going to get started with workers from 1993. The contribution can be 7.five from workers and 10.five from the state govt.”

He additionally published that the state as at December 2019 has 8,633 names at the previous pension scheme for state and 7046 for native governments.

Muhammed added that at the CPS, there are 22, 000 names for state workers whilst there aren’t any unique lists but for the native govt as it’s nonetheless being labored upon.

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