EFCC arraigns ex-Oyo HoS, 11 others over N5.6bn Pension scam


EFCC-officialsFormer Head of Service in Oyo State, Iyabo Adeleke and 11 others were, on Thursday, arraigned by the Economic and Financial Crimes Commission (EFCC) over their involvement in the alleged misappropriation of N5.6billion from the state’s Local Government Staff Pension Board account.

The 11 others, Muili Aderemi, Iyabo Giwa, Adesina Ayoade, Banji Oguntayo, Adebiyi Olasumbo, Muili Adedamola, Adeduntan Johnson, Johnson Bosede, Kareem Rasheed, Olujimi Adebayo and Adewale Kehinde were arraigned alongside with the former HoS on 213 count charges of conspiracy to obtain money by false pretence, forgery and stealing of pension fund.

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The accused were alleged  to have conspired to obtain money by false pretence from Oyo State Local Government Staff Pension Board Account at Finbank, now FCMB.

One of the particulars of offences put forward before Justice Bolaji Yusuf by the EFCC counsel, Gbolahan Latona, was that the suspects were on or before September 29, 2010, at Ibadan, within the jurisdiction of the court conspired to obtain money by false pretence from Oyo State Local Government Staff Pension Board Account at Finbank, now FCMB.

The anti-corruption body also alleged that the sum of N5.6billion was withdrawn by the accused from the account through various banks in bits, ranging from N8.7million to as much as N138million between September 2010 and March 2011. The said amount of money was alleged to have been collected on the pretence that it was meant for the payment of gratuity of various pensioners in the state who were teachers.

One of the accused, Banji, a former internal auditor at the pension board, was alleged to have collected the sum of N46.2million between October and December 2010 from the pension board account, while Rasheed was said to have stolen the sum of N35.5m within the same period. EFCC alleged that Ayoade also stole the sum of N138.6million from the pension’s treasury between September 2010 and March 2011. The accused pleaded not guilty of the charges against them.

Babatunde Akinsola
Babatunde Akinsolahttps://naija247news.com
Babatunde Akinsola is aNaija247news' Southwest editor. He's based in Lagos and writes on the Yoruba Nation political issues, news and investigative reports

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