Two civil servants embezzle N4 Billion pensions fund

Over N4 billion has been siphoned from the pension
funds accounts at the Office of the Head of Civil Service
of the Federation (OHCSF) by two former directors, the
Economic and Financial Crimes Commission (EFCC) told a
Federal High Court in Abuja.
In a proof of evidence filed before the court, EFCC said Dr. Sani
Shaibu Teidi and Mrs. Phina Ukamaka Chidi, former director and
deputy director, Pensions and Accounts at the OHCSF, had used
several accounts of their cronies to siphon over N4 billion pension
monies as payment of fictitious contracts and supplies.
Already, Teidi, Chidi, and 38 others are currently facing trial on 134-
count charge of alleged diversion of pension funds.
The anti-graft agency told the court that in one of such instances,
Teidi and Chidi used a front named Stanley Iwu Obioma aka Uche,
to perpetrate the theft. It revealed that the suspects used five of
Obioma’s companies “to fraudulently pay the total sum of N376
million from OHCSF for fictitious contracts and supplies.”
EFCC said that 10 other companies’ accounts belonging to Obioma’s
friends and associates “were fraudulently paid fictitious contracts
and supplies to the total sum of N538 million from OHCSF.”
The companies used are Jefund Nig. Ltd, S.S Badejo, Lopee
Ventures, Cigans Technology, Golden Eggs Nig Ltd, Rumirgo
Integrated Services, Omozua Ventures, Blue Bench Resources and
Sly Technics Enterprises Nig.
The document revealed also that another N2.5 billion was
laundered by the suspects through five bank accounts belonging to
Emmanuel Aderemi Olanipekun, a former head of final accounts
and one of the signatories to the pension accounts at the OHCSF.

Source : Daily Trust Newspaper

#CONSENSUS 2015